Source: world bank Nominal/PPP
Summary:
Iran GDP Per Capita expanded from 1960 to 2024, increasing from $4.20 to $475.25 .The compound annual growth rate (CAGR) averaged 7.67% over the period. The economy recorded its peak level in 2012 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 69.52%, indicating the largest cyclical decline from peak levels. The country experienced 7 recession episode(s) during the observed period.
Iran Economic Phases (1960 - 2024)
From 1960 to 2024, Iran economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1961–1977) indicating robust economic expansion
- High Growth (1981–1983) indicating robust economic expansion
- High Growth (1985–1986) indicating robust economic expansion
- Contraction (1988–1989) indicating temporary slowdown
- High Growth (1994–1996) indicating robust economic expansion
- Contraction (1997–1998) indicating temporary slowdown
- High Growth (2003–2008) indicating robust economic expansion
- High Growth (2010–2011) indicating robust economic expansion
- High Growth (2016–2017) indicating robust economic expansion
- Crisis (2018–2020) indicating severe economic downturn
- Expansion (2024–2024) indicating steady moderate growth
The most remarkable growth occurred in 1974 with an increase of 70.628%, while the largest decline was in 1993 at -46.778%.