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Economy of Iran vs United Arab Emirates compared: GDP & Debt

Updated on by Georank team

Iran has a GDP of $475B compared to $552B for the United Arab Emirates, ranking 34/197 and 27/197 by economy size, respectively.

Iran has $162B in government debt (34% of GDP), compared to $193B (34.9% of GDP) in the United Arab Emirates.

Iran vs United Arab Emirates GDP by year

Iran
United Arab Emirates
1x
Year GDP, current $
Iran UAE
2024 $475,252,089,215 $552,324,846,835
2023 $457,510,482,317 $522,622,191,967
2022 $422,662,261,526 $511,403,403,676
2021 $407,350,685,583 $422,441,388,700
2020 $280,934,329,280 $357,161,878,829
2019 $347,988,400,958 $433,926,208,305
2018 $411,903,303,606 $440,560,108,918
2017 $510,239,893,418 $403,365,010,211
2016 $478,618,064,871 $381,717,086,453
2015 $409,191,686,497 $381,973,042,886
2014 $462,284,793,281 $424,935,874,745
2013 $500,399,839,840 $409,632,675,289
2012 $644,019,315,004 $392,793,464,942
2011 $629,082,257,472 $368,881,143,635
2010 $487,069,570,464 $307,736,419,333
2009 $414,059,094,949 $253,547,358,747
2008 $406,070,949,554 $315,474,615,739
2007 $349,736,591,832 $257,916,133,424
2006 $265,602,187,404 $222,116,541,865
2005 $224,970,371,325 $180,617,467,965
2004 $187,754,571,248 $147,824,370,320
2003 $151,911,222,119 $124,346,358,067
2002 $128,626,917,504 $109,816,201,498
2001 $126,878,750,296 $103,311,640,572
2000 $109,591,707,802 $104,337,372,362
1999 $113,848,450,088 $84,445,473,111
1998 $110,276,913,363 $75,674,336,283
1997 $113,919,163,421 $78,839,008,445
1996 $120,403,931,885 $73,571,233,996
1995 $96,419,225,744 $65,743,666,576
1994 $71,841,461,173 $59,305,093,980
1993 $63,743,623,232 $55,625,170,253
1992 $119,768,691,217 $54,239,171,888
1991 $131,637,664,958 $51,552,165,622
1990 $124,813,263,926 $50,701,443,748
1989 $120,496,362,916 $41,464,995,914
1988 $123,057,861,334 $36,275,674,203
1987 $134,009,995,923 $36,384,908,744
1986 $209,094,561,833 $33,943,612,095
1985 $180,183,629,600 $40,603,650,232
1984 $162,276,728,620 $41,807,954,236
1983 $156,365,156,618 $42,803,323,345
1982 $125,948,756,439 $46,622,718,605
1981 $100,499,312,750 $49,333,424,135
1980 $94,362,275,580 $43,599,160,050
1979 $90,391,877,326 $31,225,659,621
1978 $77,994,316,621 $23,775,764,225
1977 $80,600,122,702 $24,871,775,165
1976 $68,055,295,081 $19,213,158,779
1975 $51,776,222,350 $14,720,728,249
1974 $46,209,092,072 $11,651,505,689
1973 $27,081,698,250 $4,231,243,616
1972 $17,153,463,263 $1,415,086,929
1971 $13,731,802,833 $939,893,600
1970 $10,976,245,154 $685,986,701
1969 $9,743,089,607 -
1968 $8,623,172,960 -
1967 $7,555,383,690 -
1966 $6,789,938,672 -
1965 $6,197,319,929 -
1964 $5,379,845,648 -
1963 $4,928,628,018 -
1962 $4,693,566,416 -
1961 $4,426,949,095 -
1960 $4,199,134,390 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/iran/united-arab-emirates | CC BY

GDP per capita in Iran vs United Arab Emirates by year

Iran
GDP per capita

GDP per capita, PPP
United Arab Emirates
GDP per capita

GDP per capita, PPP
1x
Year Current $
Iran UAE
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,190 $19,874 $50,274 $79,229
2023 $5,049 $18,917 $49,851 $77,955
2022 $4,721 $17,546 $50,760 $75,072
2021 $4,605 $15,884 $44,119 $68,580
2020 $3,203 $15,119 $37,992 $66,791
2019 $3,997 $13,928 $45,939 $79,816
2018 $4,783 $15,324 $47,135 $77,446
2017 $6,001 $15,719 $43,734 $70,282
2016 $5,711 $15,195 $42,721 $69,987
2015 $4,953 $14,274 $44,910 $73,986
2014 $5,672 $16,065 $52,725 $87,478
2013 $6,223 $16,215 $53,247 $87,526
2012 $8,114 $17,021 $53,142 $89,198
2011 $8,026 $19,275 $51,922 $89,665
2010 $6,291 $18,628 $44,795 $85,120
2009 $5,416 $17,615 $37,803 $84,780
2008 $5,377 $17,549 $50,054 $94,628
2007 $4,688 $17,384 $45,855 $100,813
2006 $3,619 $15,907 $44,343 $106,814
2005 $3,132 $15,016 $38,719 $101,301
2004 $2,672 $14,425 $33,377 $98,661
2003 $2,209 $13,755 $29,660 $92,636
2002 $1,891 $12,554 $27,754 $88,467
2001 $1,881 $11,533 $27,745 $90,370
2000 $1,650 $11,187 $29,866 $92,899
1999 $1,740 $10,489 $25,856 $87,658
1998 $1,709 $10,285 $24,889 $90,229
1997 $1,790 $10,101 $27,983 $96,009
1996 $1,915 $9,916 $28,323 $94,620
1995 $1,550 $9,255 $27,003 $93,702
1994 $1,168 $8,951 $25,473 $89,959
1993 $1,038 $8,933 $25,033 $86,330
1992 $1,957 $8,888 $25,648 $87,509
1991 $2,194 $8,580 $25,691 $87,250
1990 $2,138 $7,566 $26,710 $88,455
1989 $2,125 - $23,167 -
1988 $2,234 - $21,570 -
1987 $2,513 - $23,113 -
1986 $4,064 - $23,132 -
1985 $3,634 - $29,468 -
1984 $3,395 - $32,012 -
1983 $3,397 - $34,650 -
1982 $2,845 - $39,972 -
1981 $2,393 - $44,854 -
1980 $2,368 - $42,925 -
1979 $2,352 - $34,238 -
1978 $2,101 - $29,379 -
1977 $2,243 - $35,020 -
1976 $1,954 - $31,197 -
1975 $1,532 - $27,117 -
1974 $1,409 - $23,823 -
1973 $851 - $9,696 -
1972 $555 - $3,675 -
1971 $457 - $2,805 -
1970 $377 - $2,394 -
1969 $345 - - -
1968 $314 - - -
1967 $283.7 - - -
1966 $262.9 - - -
1965 $247.5 - - -
1964 $221.7 - - -
1963 $209.6 - - -
1962 $205.8 - - -
1961 $200.1 - - -
1960 $195.6 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/iran/united-arab-emirates | CC BY

Iran's GDP per capita is $5,190, ranking 119/197, compared to $50,274 in the United Arab Emirates, ranking 24/197. Adjusted for purchasing power (GDP per capita PPP), Iran ranks 97th at $19,874, while the United Arab Emirates ranks 16th at $79,229.

Economic indicators

Iran UAE
Gross domestic product
$475B
2024
$552B
2024
GDP rank
34/197
2024
27/197
2024
GDP growth
3.66%
2023-2024
3.99%
2023-2024
GDP per capita
$5,190
2024
$50,274
2024
GDP per capita rank
119/197
2024
24/197
2024
GDP per capita, PPP
$19,874
2024
$79,229
2024
GDP per capita PPP rank
97/197
2024
16/197
2024
Government debt
$162B
2024
$193B
2024
Debt-to-GDP ratio
34%
2024
34.9%
2024
Government debt per person
$1,764
2024
$17,568
2024
Government debt per person rank
122/185
2024
36/185
2024
Average annual personal income after taxes
$2,964
2026
$40,522
2026
Market capitalization of domestic companies
$172B
2024
$1.05T
2024
Number of millionaires n/a
339,000
2025
Number of billionaires n/a
6
2025
Income share by richest 10%
28.2%
2023
20.5%
2018
Income share by poorest 10%
2.8%
2023
2.8%
2018
Government expenditure, % of GDP
14.2%
2024
21.4%
2024
Consumer prices inflation
32.5%
2023-2024
1.7%
2023-2024
Central bank interest rate
23%
2023
3.65%
2025
Unemployment rate
7.63%
2024
1.88%
2024
Population
93468444
11686438

Spending and national debt comparison by year

Iran
Spending

Debt
United Arab Emirates
Spending

Debt
1x
Year % of GDP
Iran UAE
Government spending Government debt Government spending Government debt
2024 14.2% 34% 21.4% 34.9%
2023 12.8% 29.6% 22.7% 31.9%
2022 12.8% 34.5% 22.7% 31.5%
2021 13.4% 39.9% 25.9% 35.7%
2020 12.1% 47.1% 30.5% 30.1%
2019 13.6% 44.6% 27.4% 25.8%
2018 14.8% 41.6% 25.9% 20.7%
2017 16.4% 43.2% 27.2% 21.2%
2016 16.3% 45.9% 31.7% 18.6%
2015 14.1% 32.1% 26.4% 15.6%
2014 12.3% 10.9% 31.4% 13.5%
2013 11.5% 10.2% 28.9% 15.3%
2012 11.4% 11.7% 27.8% 20.2%
2011 14.6% 10.6% 29.6% 20.4%
2010 14.1% 12.8% 30.4% 18.3%
2009 15.7% 11.5% 35% 21.1%
2008 16.8% 10.6% 22% 8.95%
2007 14.2% 13.5% 17.7% 8.89%
2006 18.7% 15.2% 15.6% 5.05%
2005 17.9% 18.3% 15.7% 4.48%
2004 15.1% 21.1% 17.7% 4.08%
2003 15.7% 21.9% 20% 3.33%
2002 15.6% 23.4% 21.3% 3.43%
2001 13.6% 21% 25.2% 2.69%
2000 13.3% 18.2% 21.8% 3.12%
1999 15.7% 22.2% 24.3% 4.73%
1998 16.9% 29.6% 25.8% 4.18%
1997 17.4% 30.9% 22.6% 2.86%
1996 17.3% 29.3% 27.6% 3.48%
1995 21% 31.2% 26.1% 5.06%
1994 23% 41.7% 30.1% 5.58%
1993 27.2% 25.6% 31.5% 6.01%
1992 14.4% 25.2% 29.6% 5.31%
1991 14% 29.3% 36% 4.97%
1990 16.4% 37% - -
1989 20% 48.8% - -
1988 23.6% 53.2% - -
1987 18.6% 48.6% - -
1986 19% 47.4% - -
1985 21.6% 8.73% - -
1984 23.7% 10% - -
1983 27.5% 35.7% - -
1982 29.7% 47.7% - -
1981 33.7% 47.6% - -
1980 35.8% 35.5% - -
1979 - - - -
1978 - - - -
1977 - 9.23% - -
1976 - 6.92% - -
1975 - 8.81% - -
1974 - 6.68% - -
1973 - 12.8% - -
1972 - 12.7% - -
1971 - 14.2% - -
1970 - 14.1% - -
1969 - - - -
1968 23.6% - - -
1967 22.3% - - -
1966 20.5% - - -
1965 16.3% 14.9% - -
1964 15.4% 15.2% - -
1963 14.8% 12.4% - -
1962 15.6% 13.4% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1998, retrieved 2026-02-20).

GeoRank.org/economy/iran/united-arab-emirates | CC BY

In 2024, Iran's government spending was $67.5B, accounting for 14.2% of its GDP, while the United Arab Emirates spent $118B, or 21.4% of GDP.

Debt-to-GDP ratio is 34% in Iran and 34.9% in the United Arab Emirates, ranking 147/185 and 146/185, respectively.

Government deficit by year

Deficit/surplus
Iran

United Arab Emirates
1x
Year Deficit/surplus, % of GDP
Iran UAE
2024 -3.83% 6.41%
2023 -2.54% 5.82%
2022 -2.64% 9.8%
2021 -3.01% 3.96%
2020 -4.87% -2.42%
2019 -4.3% 2.5%
2018 -1.59% 3.65%
2017 -1.55% -0.16%
2016 -1.7% -2.95%
2015 -1.3% -6.35%
2014 -0.91% 1.74%
2013 -0.72% 7.99%
2012 -0.5% 8.59%
2011 -0.66% 5.05%
2010 -0.84% 0.52%
2009 -3.3% -6.13%
2008 -4.39% 17.6%
2007 -2.41% 17.1%
2006 -4.91% 20.2%
2005 -2.44% 16%
2004 -2.45% 6.4%
2003 -2.76% 2.35%
2002 -2.88% -1.24%
2001 0.02% 1.21%
2000 5.42% 10.7%
1999 -0.51% 1.31%
1998 -5.03% 1%
1997 -1.81% 6.71%
1996 -0.75% 0.92%
1995 -2.63% 3.58%
1994 -3.36% -1.78%
1993 -5.15% -2.89%
1992 -0.86% 3.34%
1991 -1.64% 3.89%
1990 -1.73% -
1989 -4.45% -
1988 -10.3% -
1987 -6.84% -
1986 -7.84% -
1985 -3.74% -
1984 -4.02% -
1983 -6.15% -
1982 -5.55% -
1981 -10.7% -
1980 -14.2% -
1979 - -
1978 - -
1977 - -
1976 - -
1975 - -
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -
1969 - -
1968 -4.57% -
1967 -4% -
1966 -2.63% -
1965 -1.23% -
1964 -0.04% -
1963 0.26% -
1962 -1.39% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-02-20).

GeoRank.org/economy/iran/united-arab-emirates | CC BY

In 2024, Iran's government deficit, the difference between spending and revenue, was $18.2B, equivalent to 3.83% of GDP. This compares to the United Arab Emirates' surplus of $35.4B, or 6.41% of GDP.

Over the past 34 years, Iran recorded a fiscal deficit in 32 of those years, while the United Arab Emirates ran a deficit in 8 years. On average, Iran posted an annual deficit equal to 2.14% of GDP, compared to surplus of 4.25% of GDP for the United Arab Emirates.

Inflation comparison by year

Inflation
Iran

United Arab Emirates
1x
Year Consumer prices inflation
Iran UAE
2024 32.5% 1.7%
2023 44.6% 1.6%
2022 43.5% 4.8%
2021 43.4% -0.1%
2020 30.6% -2.1%
2019 39.9% -1.9%
2018 18% 3.1%
2017 8.04% 2%
2016 7.25% 1.6%
2015 12.5% 4.1%
2014 16.6% 2.3%
2013 36.6% 1.1%
2012 27.3% 0.7%
2011 26.3% 0.9%
2010 10.1% 0.9%
2009 13.6% -4.7%
2008 25.4% 12.3%
2007 17.3% 11.1%
2006 10% 9.3%
2005 13.4% 6.2%
2004 14.8% 5%
2003 16.5% 3.1%
2002 14.3% 2.9%
2001 11.3% 2.8%
2000 14.5% 1.3%
1999 20.1% 2.1%
1998 17.9% 2%
1997 17.3% 3%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/iran/united-arab-emirates | CC BY

Over the past 28 years, Iran has recorded an average annual inflation rate of 21.6%, compared with 2.75% in the United Arab Emirates. In 2024, inflation was 32.5% in Iran and 1.7% in the United Arab Emirates.

Top exports between countries

Iran
Export category Export value
Raw materials & minerals $3.5B
Metals $998M
Chemicals & pharma $807M
Raw agricultural goods $576M
Animal & marine products $99M
Textiles & consumer goods $51.6M
Processed food, beverages & tobacco $37M
Machinery & equipment $26.5M
Wood & paper products $1.38M
Precious metals & jewellery $348K
UAE
Export category Export value
Machinery & equipment $3.76B
Processed food, beverages & tobacco $529M
Raw agricultural goods $444M
Chemicals & pharma $340M
Textiles & consumer goods $272M
Animal & marine products $196M
Wood & paper products $147M
Raw materials & minerals $63.7M
Metals $19.5M
Precious metals & jewellery $14.8M

Balance of trade

Iran UAE
Current account balance
$12.5B
2000
$80B
2024
Current account balance ranking
22/190
2000
9/190
2024
Current account balance, % of GDP
+11.4%
2000
+14.5%
2024
Goods imports
$15.2B
2000
$400B
2024
Goods exports
$28.3B
2000
$467B
2024
Service imports
$2.3B
2000
$117B
2024
Service exports
$1.38B
2000
$181B
2024
Imports of goods and services, % of GDP
28.5%
2024
92.2%
2023
Exports of goods and services, % of GDP
23.6%
2024
106.8%
2023

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Iran UAE
Economic freedom 41.8 71.9
Economic freedom ranking 185/197 29/197
Property rights 20.2 62.9
Government integrity 16.2 65.3
Judicial effectiveness 18.7 34.4
Tax burden 81.3 99.9
Government spending 94.7 85.1
Fiscal health 83.3 97.6
Business freedom 37.4 84.5
Labor freedom 41.8 63.2
Monetary freedom 42.2 81.2
Trade freedom 55.8 78.6
Investment freedom 5 50
Financial freedom 5 60

Economic freedom comparison by year

Iran
United Arab Emirates
1x
Year Economic freedom index
Iran UAE
2026 41.8 71.9
2025 42.5 71.6
2024 41.2 71.1
2023 42.2 70.9
2022 42.4 70.2
2021 47.2 76.9
2020 49.2 76.2
2019 51.1 77.6
2018 50.9 77.6
2017 50.5 76.9
2016 43.5 72.6
2015 41.8 72.4
2014 40.3 71.4
2013 43.2 71.1
2012 42.3 69.3
2011 42.1 67.8
2010 43.4 67.3
2009 44.6 64.7
2008 45 62.6
2007 45 62.6
2006 45 62.2
2005 50.5 65.2
2004 42.8 67.2
2003 43.2 73.4
2002 36.4 73.6
2001 35.9 74.9
2000 36.1 74.2
1999 36.8 71.5
1998 36 72.2
1997 34.5 71.9
1996 36.1 71.6

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

GeoRank.org/economy/iran/united-arab-emirates | CC BY

The Economic Freedom Index for Iran is 41.8, ranking 185/197, compared to 71.9 for the United Arab Emirates, ranking 29/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Iran UAE
Services, % of GDP
49.8%
2024
54.9%
2024
Industry, % of GDP
36.1%
2024
44.3%
2024
Agriculture, forestry, and fishing, % of GDP
10.8%
2024
0.77%
2024
GNI, Atlas method
$469B
2024
$566B
2024
GNI per capita, PPP
$19,820
2024
$81,530
2024
Total reserves including gold
$7.69B
1982
$238B
2024
Total reserves ranking
85/177
1982
14/177
2024
Net foreign direct investment
-$39M
2000
$31.5B
2024
Net inflows of foreign direct investment
$1.45B
2024
$45.6B
2024
Net outflows of foreign direct investment
$89.4M
2024
$77.2B
2024
Servicing debt to the IMF, % of GNI
0.08%
2024
n/a
Poverty at national poverty lines
18.7%
2020
19.5%
2020
Gross capital formation, % of GDP
44.3%
2024
26.6%
2023

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/iran/united-arab-emirates | CC BY

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1962–1998, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2023, retrieved 2026-02-08)
  7. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)
  8. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  9. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.