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Economy of Iran vs Uzbekistan compared: GDP & Debt

Updated on by Georank team

Iran has a GDP of $475B compared to $115B for Uzbekistan, ranking 34/197 and 66/197 by economy size, respectively.

Iran has $162B in government debt (34% of GDP), compared to $37.5B (32.7% of GDP) in Uzbekistan.

Iran vs Uzbekistan GDP by year

Iran
Uzbekistan
1x
Year GDP, current $
Iran Uzbekistan
2024 $475,252,089,215 $114,965,293,467
2023 $457,510,482,317 $102,641,879,249
2022 $422,662,261,526 $90,095,926,567
2021 $407,350,685,583 $77,340,060,003
2020 $280,934,329,280 $66,443,265,418
2019 $347,988,400,958 $67,293,639,798
2018 $411,903,303,606 $58,695,899,092
2017 $510,239,893,418 $69,703,222,283
2016 $478,618,064,871 $86,138,288,644
2015 $409,191,686,497 $86,196,264,755
2014 $462,284,793,281 $80,845,385,809
2013 $500,399,839,840 $73,180,037,915
2012 $644,019,315,004 $67,517,349,212
2011 $629,082,257,472 $60,178,909,297
2010 $487,069,570,464 $49,765,676,402
2009 $414,059,094,949 $33,689,223,673
2008 $406,070,949,554 $29,549,438,884
2007 $349,736,591,832 $22,311,393,928
2006 $265,602,187,404 $17,330,833,853
2005 $224,970,371,325 $14,307,509,839
2004 $187,754,571,248 $12,030,023,548
2003 $151,911,222,119 $10,134,453,435
2002 $128,626,917,504 $9,687,788,513
2001 $126,878,750,296 $11,401,421,329
2000 $109,591,707,802 $13,760,513,969
1999 $113,848,450,088 $17,078,465,982
1998 $110,276,913,363 $14,988,971,211
1997 $113,919,163,421 $14,744,603,774
1996 $120,403,931,885 $13,948,892,216
1995 $96,419,225,744 $13,350,461,265
1994 $71,841,461,173 $12,899,074,922
1993 $63,743,623,232 $13,099,920,056
1992 $119,768,691,217 $12,953,801,760
1991 $131,637,664,958 $13,800,167,712
1990 $124,813,263,926 $13,362,340,338
1989 $120,496,362,916 $11,948,815,258
1988 $123,057,861,334 $10,722,799,639
1987 $134,009,995,923 $8,523,160,593
1986 $209,094,561,833 -
1985 $180,183,629,600 -
1984 $162,276,728,620 -
1983 $156,365,156,618 -
1982 $125,948,756,439 -
1981 $100,499,312,750 -
1980 $94,362,275,580 -
1979 $90,391,877,326 -
1978 $77,994,316,621 -
1977 $80,600,122,702 -
1976 $68,055,295,081 -
1975 $51,776,222,350 -
1974 $46,209,092,072 -
1973 $27,081,698,250 -
1972 $17,153,463,263 -
1971 $13,731,802,833 -
1970 $10,976,245,154 -
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/uzbekistan | CC BY

GDP per capita in Iran vs Uzbekistan by year

Iran
GDP per capita

GDP per capita, PPP
Uzbekistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Iran Uzbekistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,190 $19,874 $3,162 $11,879
2023 $5,049 $18,917 $2,879 $11,107
2022 $4,721 $17,546 $2,579 $10,293
2021 $4,605 $15,884 $2,259 $9,248
2020 $3,203 $15,119 $1,978 $8,452
2019 $3,997 $13,928 $2,041 $8,544
2018 $4,783 $15,324 $1,813 $8,129
2017 $6,001 $15,719 $2,191 $7,818
2016 $5,711 $15,195 $2,753 $6,919
2015 $4,953 $14,274 $2,803 $6,800
2014 $5,672 $16,065 $2,675 $6,610
2013 $6,223 $16,215 $2,462 $6,413
2012 $8,114 $17,021 $2,307 $6,168
2011 $8,026 $19,275 $2,088 $5,949
2010 $6,291 $18,628 $1,753 $5,505
2009 $5,416 $17,615 $1,206 $5,135
2008 $5,377 $17,549 $1,075 $4,800
2007 $4,688 $17,384 $824 $4,386
2006 $3,619 $15,907 $649 $3,956
2005 $3,132 $15,016 $543 $3,618
2004 $2,672 $14,425 $462 $3,321
2003 $2,209 $13,755 $394 $3,047
2002 $1,891 $12,554 $381 $2,902
2001 $1,881 $11,533 $454 $2,782
2000 $1,650 $11,187 $555 $2,644
1999 $1,740 $10,489 $698 $2,522
1998 $1,709 $10,285 $621 $2,418
1997 $1,790 $10,101 $621 $2,329
1996 $1,915 $9,916 $597 $2,214
1995 $1,550 $9,255 $583 $2,178
1994 $1,168 $8,951 $574 $2,197
1993 $1,038 $8,933 $596 $2,318
1992 $1,957 $8,888 $603 $2,371
1991 $2,194 $8,580 $658 $2,676
1990 $2,138 $7,566 $653 $2,665
1989 $2,125 - $598 -
1988 $2,234 - $551 -
1987 $2,513 - $450 -
1986 $4,064 - - -
1985 $3,634 - - -
1984 $3,395 - - -
1983 $3,397 - - -
1982 $2,845 - - -
1981 $2,393 - - -
1980 $2,368 - - -
1979 $2,352 - - -
1978 $2,101 - - -
1977 $2,243 - - -
1976 $1,954 - - -
1975 $1,532 - - -
1974 $1,409 - - -
1973 $851 - - -
1972 $555 - - -
1971 $457 - - -
1970 $377 - - -
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/uzbekistan | CC BY

Iran's GDP per capita is $5,190, ranking 119/197, compared to $3,162 in Uzbekistan, ranking 139/197. Adjusted for purchasing power (GDP per capita PPP), Iran ranks 97th at $19,874, while Uzbekistan ranks 125th at $11,879.

Economic indicators

Iran Uzbekistan
Gross domestic product
$475B
2024
$115B
2024
GDP rank
34/197
2024
66/197
2024
GDP growth
3.66%
2023-2024
6.5%
2023-2024
GDP per capita
$5,190
2024
$3,162
2024
GDP per capita rank
119/197
2024
139/197
2024
GDP per capita, PPP
$19,874
2024
$11,879
2024
GDP per capita PPP rank
97/197
2024
125/197
2024
Government debt
$162B
2024
$37.5B
2024
Debt-to-GDP ratio
34%
2024
32.7%
2024
Government debt per person
$1,764
2024
$1,032
2024
Government debt per person rank
122/185
2024
141/185
2024
Average annual personal income after taxes
$2,964
2026
$3,658
2026
Market capitalization of domestic companies
$172B
2024
$18.8B
2024
Income share by richest 10%
28.2%
2023
25.7%
2024
Income share by poorest 10%
2.8%
2023
2.3%
2024
Government expenditure, % of GDP
14.2%
2024
27.6%
2024
Consumer prices inflation
32.5%
2023-2024
9.6%
2023-2024
Central bank interest rate
23%
2023
14%
2025
Unemployment rate
7.63%
2024
5.29%
2020
Population
93468444
37939105

Spending and national debt comparison by year

Iran
Spending

Debt
Uzbekistan
Spending

Debt
1x
Year % of GDP
Iran Uzbekistan
Government spending Government debt Government spending Government debt
2024 14.2% 34% 27.6% 32.7%
2023 12.8% 29.6% 29.9% 32.2%
2022 12.8% 34.5% 31.3% 30.5%
2021 13.4% 39.9% 27.4% 31.7%
2020 12.1% 47.1% 26% 33.7%
2019 13.6% 44.6% 24.4% 25.4%
2018 14.8% 41.6% 22.2% 17.5%
2017 16.4% 43.2% 19.9% 17.3%
2016 16.3% 45.9% 23.3% 8.19%
2015 14.1% 32.1% 24.6% 6.72%
2014 12.3% 10.9% 24.9% 6.09%
2013 11.5% 10.2% 25.2% 6.23%
2012 11.4% 11.7% 23.9% 6.76%
2011 14.6% 10.6% 23.7% 6.33%
2010 14.1% 12.8% 26.4% 6.61%
2009 15.7% 11.5% 27.5% 7.3%
2008 16.8% 10.6% 26.5% 8.33%
2007 14.2% 13.5% 24.8% 9.56%
2006 18.7% 15.2% 24.7% 13.5%
2005 17.9% 18.3% 28.1% 21%
2004 15.1% 21.1% 29.4% 26.9%
2003 15.7% 21.9% 31.5% 31.4%
2002 15.6% 23.4% 34.6% 41.6%
2001 13.6% 21% 30.6% 44.8%
2000 13.3% 18.2% 32.9% 29.5%
1999 15.7% 22.2% 33.6% 18.4%
1998 16.9% 29.6% 35.1% 18%
1997 17.4% 30.9% 31.8% 15.3%
1996 17.3% 29.3% 35.1% -
1995 21% 31.2% 29.4% -
1994 23% 41.7% 27.1% -
1993 27.2% 25.6% 39.6% -
1992 14.4% 25.2% 18% -
1991 14% 29.3% - -
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 (1962–1995, retrieved 2026-02-20).

GeoRank.org/economy/iran/uzbekistan | CC BY

In 2024, Iran's government spending was $67.5B, accounting for 14.2% of its GDP, while Uzbekistan spent $31.7B, or 27.6% of GDP.

Debt-to-GDP ratio is 34% in Iran and 32.7% in Uzbekistan, ranking 147/185 and 152/185, respectively.

Government deficit by year

Deficit/surplus
Iran

Uzbekistan
1x
Year Deficit/surplus, % of GDP
Iran Uzbekistan
2024 -3.83% -2.37%
2023 -2.54% -4.03%
2022 -2.64% -3.65%
2021 -3.01% -4.1%
2020 -4.87% -2.95%
2019 -4.3% -0.3%
2018 -1.59% 1.64%
2017 -1.55% 1.04%
2016 -1.7% 0.7%
2015 -1.3% -0.28%
2014 -0.91% 1.9%
2013 -0.72% 2.15%
2012 -0.5% 5.89%
2011 -0.66% 5.11%
2010 -0.84% 2.56%
2009 -3.3% 1.82%
2008 -4.39% 5.97%
2007 -2.41% 3.55%
2006 -4.91% 2.72%
2005 -2.44% -3.52%
2004 -2.45% -3.74%
2003 -2.76% -4.87%
2002 -2.88% -6.31%
2001 0.02% -3.28%
2000 5.42% -3.66%
1999 -0.51% -2.91%
1998 -5.03% -3.04%
1997 -1.81% -2.05%
1996 -0.75% -1.57%
1995 -2.63% -1.77%
1994 -3.36% -4.47%
1993 -5.15% -12%
1992 -0.86% 7.15%
1991 -1.64% -
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/uzbekistan | 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 Uzbekistan's deficit of $2.72B, or 2.37% of GDP.

Over the past 33 years, Iran recorded a fiscal deficit in 31 of those years, while Uzbekistan ran a deficit in 20 years. On average, Iran posted an annual deficit equal to 2.16% of GDP, compared to deficit of 0.87% of GDP for Uzbekistan.

Inflation comparison by year

Inflation
Iran

Uzbekistan
1x
Year Consumer prices inflation
Iran Uzbekistan
2024 32.5% 9.6%
2023 44.6% 10%
2022 43.5% 11.4%
2021 43.4% 10.8%
2020 30.6% 12.9%
2019 39.9% 14.5%
2018 18% 17.5%
2017 8.04% 13.9%
2016 7.25% 8.8%
2015 12.5% 8.5%
2014 16.6% 9.1%
2013 36.6% 11.7%
2012 27.3% 11.9%
2011 26.3% 12.4%
2010 10.1% 12.3%
2009 13.6% 12.3%
2008 25.4% 13.1%
2007 17.3% 11.2%
2006 10% 13.1%
2005 13.4% 10.7%
2004 14.8% 7.3%
2003 16.5% 12.5%
2002 14.3% 27.3%
2001 11.3% 27.3%
2000 14.5% 25%
1999 20.1% 29.1%
1998 17.9% 29%
1997 17.3% 70.9%

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/uzbekistan | CC BY

Over the past 28 years, Iran has recorded an average annual inflation rate of 21.6%, compared with 16.6% in Uzbekistan. In 2024, inflation was 32.5% in Iran and 9.6% in Uzbekistan.

Top exports between countries

Iran
Export category Export value
Chemicals & pharma $176M
Metals $41.1M
Raw agricultural goods $39.9M
Raw materials & minerals $24.3M
Processed food, beverages & tobacco $19.7M
Textiles & consumer goods $18.2M
Machinery & equipment $17M
Animal & marine products $5.99M
Wood & paper products $2.99M
Miscellaneous $180K
Uzbekistan
Export category Export value
Textiles & consumer goods $152M
Raw materials & minerals $23.4M
Raw agricultural goods $23.1M
Wood & paper products $1.22M
Metals $497K
Manufacturing & construction services $385K
Machinery & equipment $384K
Processed food, beverages & tobacco $309K
Animal & marine products $218K
Government & miscellaneous services $182K

Balance of trade

Iran Uzbekistan
Current account balance
$12.5B
2000
-$5.71B
2024
Current account balance ranking
22/190
2000
169/190
2024
Current account balance, % of GDP
+11.4%
2000
-4.97%
2024
Goods imports
$15.2B
2000
$33.2B
2024
Goods exports
$28.3B
2000
$19.6B
2024
Service imports
$2.3B
2000
$10.5B
2024
Service exports
$1.38B
2000
$6.55B
2024
Imports of goods and services, % of GDP
28.5%
2024
38%
2024
Exports of goods and services, % of GDP
23.6%
2024
22.8%
2024

Economic freedom indices

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

Iran Uzbekistan
Economic freedom 41.8 60.3
Economic freedom ranking 185/197 94/197
Property rights 20.2 43.1
Government integrity 16.2 32
Judicial effectiveness 18.7 13.7
Tax burden 81.3 95
Government spending 94.7 73.7
Fiscal health 83.3 79.9
Business freedom 37.4 62.5
Labor freedom 41.8 48.4
Monetary freedom 42.2 65.1
Trade freedom 55.8 80.6
Investment freedom 5 70
Financial freedom 5 60

Economic freedom comparison by year

Iran
Uzbekistan
1x
Year Economic freedom index
Iran Uzbekistan
2026 41.8 60.3
2025 42.5 58
2024 41.2 55.9
2023 42.2 56.5
2022 42.4 55.7
2021 47.2 58.3
2020 49.2 57.2
2019 51.1 53.3
2018 50.9 51.5
2017 50.5 52.3
2016 43.5 46
2015 41.8 47
2014 40.3 46.5
2013 43.2 46
2012 42.3 45.8
2011 42.1 45.8
2010 43.4 47.5
2009 44.6 50.5
2008 45 51.9
2007 45 51.5
2006 45 48.7
2005 50.5 45.8
2004 42.8 39.1
2003 43.2 38.3
2002 36.4 38.5
2001 35.9 38.2
2000 36.1 38.1
1999 36.8 33.8
1998 36 31.5
1997 34.5 -
1996 36.1 -

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

GeoRank.org/economy/iran/uzbekistan | CC BY

The Economic Freedom Index for Iran is 41.8, ranking 185/197, compared to 60.3 for Uzbekistan, ranking 94/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Iran Uzbekistan
Services, % of GDP
49.8%
2024
45.2%
2024
Industry, % of GDP
36.1%
2024
31.8%
2024
Agriculture, forestry, and fishing, % of GDP
10.8%
2024
18.3%
2024
GNI, Atlas method
$469B
2024
$110B
2024
GNI per capita, PPP
$19,820
2024
$12,000
2024
Total reserves including gold
$7.69B
1982
$41.2B
2024
Total reserves ranking
85/177
1982
50/177
2024
Net foreign direct investment
-$39M
2000
-$2.81B
2024
Net inflows of foreign direct investment
$1.45B
2024
$2.99B
2024
Net outflows of foreign direct investment
$89.4M
2024
$36.7M
2024
Servicing debt to the IMF, % of GNI
0.08%
2024
9.88%
2024
Poverty at national poverty lines
18.7%
2020
8.9%
2024
Gross capital formation, % of GDP
44.3%
2024
33.3%
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/uzbekistan | CC BY

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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. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1962–1995, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2019–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.