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Economy of Iran vs United States compared: GDP & Debt

Updated on by Georank team

Iran has a GDP of $475B compared to $28.8T for the United States, ranking 34/197 and 1/197 by economy size, respectively.

Iran has $162B in government debt (34% of GDP), compared to $35.2T (122.3% of GDP) in the United States.

Iran vs United States GDP by year

Iran
United States
1x
Year GDP, current $
Iran United States
2024 $475,252,089,215 $28,750,956,130,731
2023 $457,510,482,317 $27,292,170,793,214
2022 $422,662,261,526 $25,604,848,907,611
2021 $407,350,685,583 $23,315,080,560,000
2020 $280,934,329,280 $21,060,473,613,000
2019 $347,988,400,958 $21,380,976,119,000
2018 $411,903,303,606 $20,533,057,312,000
2017 $510,239,893,418 $19,477,336,549,000
2016 $478,618,064,871 $18,695,110,842,000
2015 $409,191,686,497 $18,206,020,741,000
2014 $462,284,793,281 $17,550,680,174,000
2013 $500,399,839,840 $16,843,190,993,000
2012 $644,019,315,004 $16,253,972,230,000
2011 $629,082,257,472 $15,599,728,123,000
2010 $487,069,570,464 $15,048,964,444,000
2009 $414,059,094,949 $14,478,064,934,000
2008 $406,070,949,554 $14,769,857,911,000
2007 $349,736,591,832 $14,474,226,905,000
2006 $265,602,187,404 $13,815,586,948,000
2005 $224,970,371,325 $13,039,199,193,000
2004 $187,754,571,248 $12,217,193,198,000
2003 $151,911,222,119 $11,456,442,041,000
2002 $128,626,917,504 $10,929,112,955,000
2001 $126,878,750,296 $10,581,929,774,000
2000 $109,591,707,802 $10,250,947,997,000
1999 $113,848,450,088 $9,631,174,489,000
1998 $110,276,913,363 $9,062,818,202,000
1997 $113,919,163,421 $8,577,554,457,000
1996 $120,403,931,885 $8,073,122,000,000
1995 $96,419,225,744 $7,639,749,000,000
1994 $71,841,461,173 $7,287,236,000,000
1993 $63,743,623,232 $6,858,559,000,000
1992 $119,768,691,217 $6,520,327,000,000
1991 $131,637,664,958 $6,158,129,000,000
1990 $124,813,263,926 $5,963,144,000,000
1989 $120,496,362,916 $5,641,580,000,000
1988 $123,057,861,334 $5,236,438,000,000
1987 $134,009,995,923 $4,855,215,000,000
1986 $209,094,561,833 $4,579,631,000,000
1985 $180,183,629,600 $4,338,979,000,000
1984 $162,276,728,620 $4,037,613,000,000
1983 $156,365,156,618 $3,634,038,000,000
1982 $125,948,756,439 $3,343,789,000,000
1981 $100,499,312,750 $3,207,041,000,000
1980 $94,362,275,580 $2,857,307,000,000
1979 $90,391,877,326 $2,627,333,000,000
1978 $77,994,316,621 $2,351,599,000,000
1977 $80,600,122,702 $2,081,826,000,000
1976 $68,055,295,081 $1,873,412,000,000
1975 $51,776,222,350 $1,684,904,000,000
1974 $46,209,092,072 $1,545,243,000,000
1973 $27,081,698,250 $1,425,376,000,000
1972 $17,153,463,263 $1,279,110,000,000
1971 $13,731,802,833 $1,164,850,000,000
1970 $10,976,245,154 $1,073,303,000,000
1969 $9,743,089,607 $1,017,438,172,414
1968 $8,623,172,960 $940,225,000,000
1967 $7,555,383,690 $859,620,034,483
1966 $6,789,938,672 $813,032,758,621
1965 $6,197,319,929 $741,904,862,069
1964 $5,379,845,648 $684,144,620,690
1963 $4,928,628,018 $637,058,551,724
1962 $4,693,566,416 $603,639,413,793
1961 $4,426,949,095 $561,940,310,345
1960 $4,199,134,390 $541,988,586,207

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

GeoRank.org/economy/iran/united-states | CC BY

GDP per capita in Iran vs United States by year

Iran
GDP per capita

GDP per capita, PPP
United States
GDP per capita

GDP per capita, PPP
1x
Year Current $
Iran United States
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,190 $19,874 $84,534 $85,810
2023 $5,049 $18,917 $81,490 $82,305
2022 $4,721 $17,546 $76,829 $77,861
2021 $4,605 $15,884 $70,249 $71,307
2020 $3,203 $15,119 $63,526 $64,402
2019 $3,997 $13,928 $65,120 $65,228
2018 $4,783 $15,324 $62,823 $62,876
2017 $6,001 $15,719 $59,908 $60,048
2016 $5,711 $15,195 $57,867 $57,977
2015 $4,953 $14,274 $56,763 $56,849
2014 $5,672 $16,065 $55,124 $55,153
2013 $6,223 $16,215 $53,291 $53,297
2012 $8,114 $17,021 $51,784 $51,708
2011 $8,026 $19,275 $50,066 $50,025
2010 $6,291 $18,628 $48,651 $48,643
2009 $5,416 $17,615 $47,195 $47,195
2008 $5,377 $17,549 $48,570 $48,570
2007 $4,688 $17,384 $48,050 $48,050
2006 $3,619 $15,907 $46,302 $46,302
2005 $3,132 $15,016 $44,123 $44,123
2004 $2,672 $14,425 $41,725 $41,725
2003 $2,209 $13,755 $39,490 $39,490
2002 $1,891 $12,554 $37,998 $37,998
2001 $1,881 $11,533 $37,134 $37,134
2000 $1,650 $11,187 $36,330 $36,330
1999 $1,740 $10,489 $34,484 $34,515
1998 $1,709 $10,285 $32,823 $32,854
1997 $1,790 $10,101 $31,430 $31,459
1996 $1,915 $9,916 $29,937 $29,968
1995 $1,550 $9,255 $28,661 $28,691
1994 $1,168 $8,951 $27,662 $27,695
1993 $1,038 $8,933 $26,353 $26,387
1992 $1,957 $8,888 $25,381 $25,419
1991 $2,194 $8,580 $24,293 $24,342
1990 $2,138 $7,566 $23,840 $23,889
1989 $2,125 - $22,857 -
1988 $2,234 - $21,417 -
1987 $2,513 - $20,039 -
1986 $4,064 - $19,071 -
1985 $3,634 - $18,237 -
1984 $3,395 - $17,121 -
1983 $3,397 - $15,544 -
1982 $2,845 - $14,434 -
1981 $2,393 - $13,976 -
1980 $2,368 - $12,613 -
1979 $2,352 - $11,674 -
1978 $2,101 - $10,565 -
1977 $2,243 - $9,453 -
1976 $1,954 - $8,592 -
1975 $1,532 - $7,801 -
1974 $1,409 - $7,226 -
1973 $851 - $6,726 -
1972 $555 - $6,094 -
1971 $457 - $5,609 -
1970 $377 - $5,234 -
1969 $345 - $5,020 -
1968 $314 - $4,685 -
1967 $283.7 - $4,326 -
1966 $262.9 - $4,136 -
1965 $247.5 - $3,818 -
1964 $221.7 - $3,565 -
1963 $209.6 - $3,366 -
1962 $205.8 - $3,236 -
1961 $200.1 - $3,059 -
1960 $195.6 - $3,000 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06); U.S. Census Bureau (1960–2024, retrieved 2026-02-08).

GeoRank.org/economy/iran/united-states | CC BY

Iran's GDP per capita is $5,190, ranking 119/197, compared to $84,534 in the United States, ranking 10/197. Adjusted for purchasing power (GDP per capita PPP), Iran ranks 97th at $19,874, while the United States ranks 12th at $85,810.

Economic indicators

Iran United States
Gross domestic product
$475B
2024
$28.8T
2024
GDP rank
34/197
2024
1/197
2024
GDP growth
3.66%
2023-2024
2.79%
2023-2024
GDP per capita
$5,190
2024
$84,534
2024
GDP per capita rank
119/197
2024
10/197
2024
GDP per capita, PPP
$19,874
2024
$85,810
2024
GDP per capita PPP rank
97/197
2024
12/197
2024
Government debt
$162B
2024
$35.2T
2024
Debt-to-GDP ratio
34%
2024
122.3%
2024
Government debt per person
$1,764
2024
$103,404
2024
Government debt per person rank
122/185
2024
2/185
2024
Average annual personal income after taxes
$2,964
2026
$53,202
2026
Market capitalization of domestic companies
$172B
2024
$62.2T
2024
Number of millionaires n/a
23,831,000
2025
Number of billionaires n/a
902
2025
Income share by richest 10%
28.2%
2023
30.4%
2023
Income share by poorest 10%
2.8%
2023
1.8%
2023
Government expenditure, % of GDP
14.2%
2024
37.9%
2024
Consumer prices inflation
32.5%
2023-2024
2.95%
2023-2024
Central bank interest rate
23%
2023
3.75%
2025
Unemployment rate
7.63%
2024
4.02%
2024
Population
93468444
344023146

Spending and national debt comparison by year

Iran
Spending

Debt
United States
Spending

Debt
1x
Year % of GDP
Iran United States
Government spending Government debt Government spending Government debt
2024 14.2% 34% 37.9% 122.3%
2023 12.8% 29.6% 37.7% 119.8%
2022 12.8% 34.5% 36.8% 119.1%
2021 13.4% 39.9% 43.2% 125%
2020 12.1% 47.1% 44.7% 132.5%
2019 13.6% 44.6% 35.8% 108.8%
2018 14.8% 41.6% 35.3% 107.6%
2017 16.4% 43.2% 35.2% 106.4%
2016 16.3% 45.9% 35.3% 107.4%
2015 14.1% 32.1% 35% 105.4%
2014 12.3% 10.9% 35.3% 104.9%
2013 11.5% 10.2% 35.8% 105%
2012 11.4% 11.7% 37.2% 103.7%
2011 14.6% 10.6% 38.8% 100%
2010 14.1% 12.8% 39.8% 95.6%
2009 15.7% 11.5% 41.4% 87.1%
2008 16.8% 10.6% 37.1% 73.8%
2007 14.2% 13.5% 34.6% 64.9%
2006 18.7% 15.2% 33.7% 64.5%
2005 17.9% 18.3% 33.9% 65.8%
2004 15.1% 21.1% 33.7% 66.4%
2003 15.7% 21.9% 34% 59%
2002 15.6% 23.4% 33.7% 55.9%
2001 13.6% 21% 32.8% 53.5%
2000 13.3% 18.2% 31.7% 54.5%
1999 15.7% 22.2% 32.2% 60.5%
1998 16.9% 29.6% 32.8% 64.2%
1997 17.4% 30.9% 33.7% 67.4%
1996 17.3% 29.3% 34.7% 69.9%
1995 21% 31.2% 35.5% 70.7%
1994 23% 41.7% 35.5% 71.1%
1993 27.2% 25.6% 36.4% 71.9%
1992 14.4% 25.2% 36.7% 70.3%
1991 14% 29.3% 35.7% 67.9%
1990 16.4% 37% 34.5% 63.1%
1989 20% 48.8% 33.7% 61.6%
1988 23.6% 53.2% 33.7% 61.3%
1987 18.6% 48.6% 34.3% 60.6%
1986 19% 47.4% 34.8% 58.9%
1985 21.6% 8.73% 34.5% 55.4%
1984 23.7% 10% 34.3% 50.6%
1983 27.5% 35.7% 35.7% 48.9%
1982 29.7% 47.7% 35.8% 45.9%
1981 33.7% 47.6% 33.9% 41.1%
1980 35.8% 35.5% 33.7% 41.9%
1979 - - 32% 41.2%
1978 - - 32.6% 42.5%
1977 - 9.23% 33.4% 43.6%
1976 - 6.92% 34.2% 44.8%
1975 - 8.81% 35.2% 44.6%
1974 - 6.68% 32.9% 41.4%
1973 - 12.8% 31.9% 42.6%
1972 - 12.7% 32.8% 45.4%
1971 - 14.2% 32.3% 47%
1970 - 14.1% 31.5% 46.4%
1969 - - 29.3% 45.9%
1968 23.6% - 29.1% 48.5%
1967 22.3% - 28.3% 50.4%
1966 20.5% - 26.3% 50.6%
1965 16.3% 14.9% 25.4% 53.7%
1964 15.4% 15.2% 25.6% 56.7%
1963 14.8% 12.4% 26% 58.8%
1962 15.6% 13.4% 26% 60.2%
1961 - - 25.9% 62.3%
1960 - - 24.9% 61.7%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1960–2000, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/iran/united-states | CC BY

In 2024, Iran's government spending was $67.5B, accounting for 14.2% of its GDP, while the United States spent $10.9T, or 37.9% of GDP.

Debt-to-GDP ratio is 34% in Iran and 122.3% in the United States, ranking 147/185 and 12/185, respectively.

Government deficit by year

Deficit/surplus
Iran

United States
1x
Year Deficit/surplus, % of GDP
Iran United States
2024 -3.83% -8.03%
2023 -2.54% -7.8%
2022 -2.64% -3.72%
2021 -3.01% -11.4%
2020 -4.87% -14.1%
2019 -4.3% -5.81%
2018 -1.59% -5.33%
2017 -1.55% -4.79%
2016 -1.7% -4.36%
2015 -1.3% -3.53%
2014 -0.91% -4.03%
2013 -0.72% -4.56%
2012 -0.5% -8.11%
2011 -0.66% -9.72%
2010 -0.84% -11%
2009 -3.3% -13.2%
2008 -4.39% -6.61%
2007 -2.41% -2.91%
2006 -4.91% -2.04%
2005 -2.44% -3.07%
2004 -2.45% -4.24%
2003 -2.76% -4.77%
2002 -2.88% -3.82%
2001 0.02% -0.54%
2000 5.42% 3.62%
1999 -0.51% 2.71%
1998 -5.03% 2.18%
1997 -1.81% 0.88%
1996 -0.75% -0.46%
1995 -2.63% -1.7%
1994 -3.36% -2.05%
1993 -5.15% -3.35%
1992 -0.86% -3.98%
1991 -1.64% -2.72%
1990 -1.73% -1.64%
1989 -4.45% -0.8%
1988 -10.3% -1.06%
1987 -6.84% -1.53%
1986 -7.84% -2.81%
1985 -3.74% -2.63%
1984 -4.02% -2.97%
1983 -6.15% -4.26%
1982 -5.55% -3.78%
1981 -10.7% -1.58%
1980 -14.2% -2.17%
1979 - -0.79%
1978 - -1.7%
1977 - -2.57%
1976 - -3.63%
1975 - -5.4%
1974 - -1.27%
1973 - -0.86%
1972 - -1.86%
1971 - -2.63%
1970 - -1.21%
1969 - 2.11%
1968 -4.57% 1.23%
1967 -4% 0.47%
1966 -2.63% 2.07%
1965 -1.23% 2.38%
1964 -0.04% 2.18%
1963 0.26% 2.87%
1962 -1.39% 2.32%
1961 - 2.28%
1960 - 3.2%
1959 - -9.06%
1958 - -8.68%
1957 - -6.72%
1956 - -6.02%
1955 - -7.4%
1954 - -5.55%
1953 - -5.76%
1952 - -5.41%
1951 - -6.93%
1950 - -8.22%
1949 - -7.94%
1948 - -4.16%
1947 - -3.99%
1946 - -6.45%
1945 - -14.1%
1944 - -13.4%
1943 - -19.3%
1942 - -16.3%
1941 - -10.2%
1940 - -9.73%
1939 - -11.9%
1938 - -10.4%
1937 - -9.22%
1936 - -12.1%
1935 - -13.3%
1934 - -14.9%
1933 - -14.3%
1932 - -12.7%
1931 - -9.76%
1930 - -5.46%
1929 - -4.58%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1929–2000, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/iran/united-states | 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 States' deficit of $2.31T, or 8.03% of GDP.

Over the past 63 years, Iran recorded a fiscal deficit in 49 of those years, while the United States ran a deficit in 51 years. On average, Iran posted an annual deficit equal to 3.11% of GDP, compared to deficit of 2.92% of GDP for the United States.

Inflation comparison by year

Inflation
Iran

United States
1x
Year Consumer prices inflation
Iran United States
2024 32.5% 2.95%
2023 44.6% 4.12%
2022 43.5% 8%
2021 43.4% 4.7%
2020 30.6% 1.23%
2019 39.9% 1.81%
2018 18% 2.44%
2017 8.04% 2.13%
2016 7.25% 1.26%
2015 12.5% 0.12%
2014 16.6% 1.62%
2013 36.6% 1.46%
2012 27.3% 2.07%
2011 26.3% 3.16%
2010 10.1% 1.64%
2009 13.6% -0.36%
2008 25.4% 3.84%
2007 17.3% 2.85%
2006 10% 3.23%
2005 13.4% 3.39%
2004 14.8% 2.68%
2003 16.5% 2.27%
2002 14.3% 1.59%
2001 11.3% 2.83%
2000 14.5% 3.38%
1999 20.1% 2.19%
1998 17.9% 1.55%
1997 17.3% 2.34%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/iran/united-states | CC BY

Over the past 28 years, Iran has recorded an average annual inflation rate of 21.6%, compared with 2.52% in the United States. In 2024, inflation was 32.5% in Iran and 2.95% in the United States.

Top exports between countries

Iran
Export category Export value
Textiles & consumer goods $285K
Machinery & equipment $77K
Raw materials & minerals $75K
Wood & paper products $60K
Raw agricultural goods $35K
Chemicals & pharma $17K
Precious metals & jewellery $17K
Metals $10K
Animal & marine products $4K
Processed food, beverages & tobacco $3K
United States
Export category Export value
Chemicals & pharma $45.6M
Machinery & equipment $41M
Textiles & consumer goods $1.83M
Animal & marine products $1.37M
Raw materials & minerals $937K
Raw agricultural goods $510K
Metals $136K
Processed food, beverages & tobacco $133K
Wood & paper products $95K
Miscellaneous $22K

Balance of trade

Iran United States
Current account balance
$12.5B
2000
-$1.19T
2024
Current account balance ranking
22/190
2000
190/190
2024
Current account balance, % of GDP
+11.4%
2000
-4.12%
2024
Goods imports
$15.2B
2000
$3.3T
2024
Goods exports
$28.3B
2000
$2.08T
2024
Service imports
$2.3B
2000
$841B
2024
Service exports
$1.38B
2000
$1.15T
2024
Imports of goods and services, % of GDP
28.5%
2024
14.3%
2024
Exports of goods and services, % of GDP
23.6%
2024
11.1%
2024

Economic freedom indices

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

Iran United States
Economic freedom 41.8 72.8
Economic freedom ranking 185/197 27/197
Property rights 20.2 91.6
Government integrity 16.2 77.1
Judicial effectiveness 18.7 76.4
Tax burden 81.3 75.3
Government spending 94.7 57.9
Fiscal health 83.3 18.5
Business freedom 37.4 88.6
Labor freedom 41.8 76.3
Monetary freedom 42.2 84.2
Trade freedom 55.8 67.6
Investment freedom 5 80
Financial freedom 5 80

Economic freedom comparison by year

Iran
United States
1x
Year Economic freedom index
Iran United States
2026 41.8 72.8
2025 42.5 70.2
2024 41.2 70.1
2023 42.2 70.6
2022 42.4 72.1
2021 47.2 74.8
2020 49.2 76.6
2019 51.1 76.8
2018 50.9 75.7
2017 50.5 75.1
2016 43.5 75.4
2015 41.8 76.2
2014 40.3 75.5
2013 43.2 76
2012 42.3 76.3
2011 42.1 77.8
2010 43.4 78
2009 44.6 80.7
2008 45 81
2007 45 81.2
2006 45 81.2
2005 50.5 79.9
2004 42.8 78.7
2003 43.2 78.2
2002 36.4 78.4
2001 35.9 79.1
2000 36.1 76.4
1999 36.8 75.5
1998 36 75.4
1997 34.5 75.6
1996 36.1 76.7
1995 - 76.7

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/iran/united-states | CC BY

The Economic Freedom Index for Iran is 41.8, ranking 185/197, compared to 72.8 for the United States, ranking 27/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Iran United States
Services, % of GDP
49.8%
2024
79.7%
2024
Industry, % of GDP
36.1%
2024
17.3%
2024
Agriculture, forestry, and fishing, % of GDP
10.8%
2024
0.85%
2024
GNI, Atlas method
$469B
2024
$28.4T
2024
GNI per capita, PPP
$19,820
2024
$85,980
2024
Total reserves including gold
$7.69B
1982
$910B
2024
Total reserves ranking
85/177
1982
3/177
2024
Net foreign direct investment
-$39M
2000
$25.1B
2024
Net inflows of foreign direct investment
$1.45B
2024
$297B
2024
Net outflows of foreign direct investment
$89.4M
2024
$322B
2024
Servicing debt to the IMF, % of GNI
0.08%
2024
n/a
Poverty at national poverty lines
18.7%
2020
15.1%
2020
Gross capital formation, % of GDP
44.3%
2024
21.8%
2024

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-states | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1929–2000, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
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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.