Iran GDP Per Capita 2024 - A Closer Look At Economic Figures

When we talk about a country's economic health, one of the really interesting numbers to consider is its gross domestic product, often called GDP, but especially when we look at it "per person." This figure, the GDP per capita, gives us a sense of the average economic output for each individual living in a place, so it's almost like a peek into the general well-being of a nation's people from an economic standpoint. For Iran, in 2024, this particular number provides quite a bit to think about, you know, regarding its overall economic standing.

The latest available information suggests that Iran's economic output per person in 2024 stood at a certain value in US dollars. This figure, provided by international sources, helps us get a picture of the country's economic size relative to its population. It's a key piece of data that many people look at when trying to grasp a nation's wealth or its capacity to generate goods and services, as a matter of fact.

Looking at this number for Iran in 2024 also lets us make some comparisons, both with how things were in previous years and how they stack up against the rest of the world. It’s quite a useful way to see where a country stands on the global economic stage, and it offers a chance to observe how things have shifted over a period of time, too.

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Table of Contents

• What Does Iran's GDP Per Capita in 2024 Tell Us?
• How Does Iran's 2024 Per Person Economic Output Compare Globally?
• Looking Back at Iran's GDP Per Capita Over Time
• What Has Shaped Iran's GDP Per Capita Trends?
• How Does Purchasing Power Parity Change the View of Iran's GDP Per Capita?
• A Glimpse at Iran's Broader Economic Picture in 2024
• Regional Comparisons for Iran's GDP Per Capita
• Understanding the Basics of Iran's GDP Per Capita

What Does Iran's GDP Per Capita in 2024 Tell Us?

For the year 2024, the latest available data shows that Iran's economic output per person was recorded at 5,778.66 US dollars. This particular figure represents the total economic activity of the nation divided by its population in the middle of the year, so it gives us a rough idea of how much economic value is created for each person. It's a pretty key statistic that many financial observers pay attention to, you know, when assessing a country's economic standing.

This measure of economic well-being, when expressed in current US dollars, is provided by institutions like the World Bank, which collects and shares such information for many countries around the globe. It's the kind of number that helps put things into perspective, especially when you think about what it might mean for the average person's share of the national economic pie, more or less. This information, quite frankly, offers a solid starting point for any discussion about Iran's economic situation.

When we look at the overall economic size of Iran, its nominal gross domestic product, the total value of all goods and services produced, was around 434 billion US dollars in 2024. This total economic output, when spread across the population, results in that per-person figure we just talked about. It's an important distinction to make, you know, between the whole national economy and the average share for each individual, which is what the "per capita" part refers to.

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How Does Iran's 2024 Per Person Economic Output Compare Globally?

When we stack Iran's 2024 economic output per person against the global average, it offers a pretty clear picture. The figure for Iran is about 46 percent of what the world's average person produces in terms of economic value. This means that, on average, the economic contribution per person in Iran is less than half of what you might find across all countries combined. It's a rather significant difference that highlights Iran's position relative to the broader global economy, you know, in some respects.

To give you a clearer idea, the global average for economic output per person was around 10,589 US dollars. Comparing Iran's 4,633 US dollars (another reported figure for 2024) to this global average truly shows the difference. This comparison is quite helpful for understanding the scale of Iran's economy on a per-person basis when viewed against the general worldwide standard, as a matter of fact.

It's interesting to see that this comparison holds true across various reported figures for Iran's 2024 economic output per person. Whether it's 4,633 US dollars, 4,347 US dollars, or 5,013 US dollars, each is considerably below that global average of 10,589 US dollars. This consistent pattern suggests that Iran's per-person economic output, in nominal terms, is indeed on the lower side when viewed from a worldwide perspective, you know, generally speaking.

Looking Back at Iran's GDP Per Capita Over Time

Taking a look at the historical data for Iran's economic output per person reveals some interesting shifts over the years. For instance, in 2023, the figure was 4,466 US dollars, which showed a slight increase of 1.37 percent from the year before. Then, in 2022, it stood at 4,405 US dollars, marking a 1.62 percent rise from 2021. These small increases suggest a period of modest growth in the average economic contribution per person, you know, during those years.

However, if we go back a bit further, to 2021, the economic output per person was 4,335 US dollars. This particular year saw a rather substantial jump of 45.04 percent compared to 2020. That's a pretty big leap, which indicates a significant recovery or surge in economic activity per person during that specific period, you know, quite a notable change.

Before that, 2020 presented a different picture entirely, with the economic output per person at 2,989 US dollars. This was a decline of 21.99 percent from 2019, showing a considerable downturn. This kind of drop can happen for various reasons, perhaps economic slowdowns or other factors that affect national production, you know, something that makes the overall economic pie shrink a bit for everyone.

Looking at a longer stretch, from 1980 to 2024, the economic output per person in Iran has generally risen by about 2.19 thousand US dollars. This long-term trend suggests an overall increase in the average person's share of the nation's economic output over several decades. It's a slow but steady upward movement when viewed across a wide span of time, you know, a gradual climb.

For a decade earlier, in 2014, Iran's economic output per person was 5,910 US dollars. Comparing this to the 2024 figure of 4,633 US dollars shows that, in nominal terms, the average economic contribution per person was actually higher ten years ago. This comparison is quite insightful, suggesting that while there have been ups and downs, the nominal value has not yet returned to its level from a decade prior, you know, in a way, it shows a slight dip over that longer period.

What Has Shaped Iran's GDP Per Capita Trends?

The changes we see in Iran's economic output per person over the years are influenced by many things. For example, the total size of the economy, the gross domestic product itself, plays a big part. If the overall economy grows, and the population doesn't grow too quickly, then the per-person figure often goes up. Conversely, if the economy shrinks or the population expands rapidly, that per-person number might go down, you know, it's a simple division.

For instance, the significant increase in 2021 might reflect a period of improved economic conditions or perhaps a rebound from previous challenges. On the other hand, the decline in 2020 could point to economic pressures or other events that impacted the nation's ability to produce goods and services. These shifts are often tied to broader economic policies, global market conditions, or even internal developments, you know, basically, a mix of factors.

It's also worth considering that official data, like that from the World Bank, provides a consistent way to track these figures. These estimates go back to 1960 for nominal terms and 1990 for purchasing power parity terms, both at current and constant prices. This long history of data collection helps observers spot patterns and understand the long-term trajectory of Iran's average economic output per person, you know, it gives a lot of context.

How Does Purchasing Power Parity Change the View of Iran's GDP Per Capita?

When we talk about economic output per person, it's important to know that the numbers can look quite different if we adjust them for something called purchasing power parity, or PPP. This adjustment tries to account for the fact that money can buy different amounts of goods and services in different countries. So, 100 US dollars might buy more in one place than in another, and PPP helps to make these comparisons more realistic, you know, kind of leveling the playing field.

For Iran, when adjusted by purchasing power parity, the economic output per person was recorded at 16,224.04 US dollars in 2024. This figure is significantly higher than the nominal (non-PPP adjusted) number of 5,778.66 US dollars. This difference suggests that, when you consider the actual buying power of money within Iran, the average person's economic contribution is much greater than what the simple exchange rate might imply, you know, it's a very different picture.

Furthermore, when adjusted by purchasing power parity, Iran's economic output per person is equivalent to 91 percent of the world's average. This is a much closer alignment to the global average than the 46 percent we saw with the nominal figures. This shows that, in terms of what an average person's economic output can actually purchase within Iran, it's nearly on par with the global average. It truly highlights the importance of using PPP for more accurate international comparisons, you know, to get a better sense of real value.

Estimates for Iran's economic output per person, both in nominal terms and when adjusted for purchasing power parity, are available from institutions like the World Bank. These figures help provide a more complete understanding of the country's economic standing, allowing for a look at its economic size in both simple dollar terms and in terms of real purchasing power. It's basically two different ways to look at the same economic reality, you know, offering different insights.

A Glimpse at Iran's Broader Economic Picture in 2024

Beyond just the per-person figures, it's helpful to consider Iran's overall economic size. The total gross domestic product of Iran was valued at 436.91 billion US dollars in 2024, according to official information from the World Bank. This overall economic value represents about 0.41 percent of the entire world economy. It gives us a sense of Iran's contribution to global economic activity, you know, how big a piece of the pie it represents.

Comparing this to previous years, Iran's nominal gross domestic product was 373 billion US dollars in 2023, and then it was also reported as 401 billion US dollars for 2024 in some estimates. These variations in the total economic output figures can be due to different reporting methods or revisions, but they generally show the scale of the country's economy. It's a big number that encompasses all the production of goods and services within its borders, you know, everything from manufacturing to services.

The economic forecast for Iran also suggests that the gross domestic product per person might amount to 3.69 thousand US dollars in 2025. This forward-looking estimate helps observers anticipate future trends and potential changes in the average economic contribution per person. It's a projection that offers a hint of what's to come, you know, a look ahead.

When we talk about the overall economic situation, things like the fiscal deficit also come into play. For instance, the fiscal deficit was estimated to have grown to 3.1 percent of the total economic output in 2024/25. This kind of financial pressure can lead to additional borrowing from sources like the national development fund or the banking system. These broader economic indicators offer a comprehensive look at the past, present, and what might be expected in the future, you know, they paint a fuller picture.

Regional Comparisons for Iran's GDP Per Capita

It's always useful to compare a country's economic output per person to its neighbors. In 2024, the average economic output per person in the Middle East region stood at 13,700 US dollars. When we put Iran's 2024 figure, which was around 4,633 US dollars, next to this regional average, we can see a considerable difference. This suggests that, on average, the economic contribution per person in Iran is quite a bit lower than the broader regional average, you know, a pretty noticeable gap.

However, it's also important to remember that income distribution across the Middle East region can be very uneven. So, while the average might be high, it doesn't mean everyone in every country earns that much. This unevenness can make direct comparisons a bit tricky, but it still provides a general benchmark for Iran's economic standing within its geographical area, you know, a helpful point of reference.

Another comparison point for Iran's economic output per person is the Middle East and North Africa (MENA) region's average, which was 9,489 US dollars. Again, Iran's figure of 4,633 US dollars is less than half of this regional average. These regional comparisons really help to place Iran's economic output per person in a wider context, allowing for a better grasp of its relative economic strength within its part of the world, you know, basically showing its position.

Understanding the Basics of Iran's GDP Per Capita

To really get a handle on what the economic output per person means, it's good to remember its definition. This figure is simply the gross domestic product, which is the total value of all goods and services produced in a country, divided by its population right in the middle of the year. So, it's a way to average out the nation's economic activity among all its people, you know, a straightforward calculation.

The gross domestic product itself is the sum of the gross value added by all the different economic activities within a country. This includes everything from farming and manufacturing to services and government spending. It's a comprehensive measure of a nation's total economic output, and then dividing it by the number of people gives us that per-person figure, you know, basically, a share for everyone.

When we talk about economic growth, looking at changes in the real economic output per person over time is very insightful. "Real" means that the figures have been adjusted for inflation, so they reflect actual changes in the volume of goods and services produced, rather than just price increases. This gives a truer sense of whether people are, on average, becoming economically better off, you know, whether there's more stuff to go around.

Historical data, like the average real economic output growth of 2.8 percent over a certain period, helps us see the underlying trends in Iran's economy. These growth rates and charts provide a way to visualize how the average economic contribution per person has evolved, giving a clearer picture of the nation's economic journey. It's a good way to track progress, you know, how things are moving along.