BAKU, Azerbaijan, July 17. Iran’s Gross Domestic Product (GDP), when calculated including crude oil, grew by 32.4 percent in the last Iranian year (from March 20, 2024, through March 20, 2025), compared to the previous year (from March 21, 2023, through March 19, 2024).
Data obtained by Trend from the Central Bank (CBI) indicates that the value of GDP last year, when calculating crude oil, amounted to 208 quadrillion rials (about $ 307 billion) at current prices. However, this figure was 157 quadrillion rials (about $ 232 billion) in the previous year.
Notably, the Central Bank of Iran reports GDP figures both at current prices and at prices from nine years ago (from March 21, 2015, through March 20, 2016), which serve as a reference index for the country. The data presented here reflects current prices.
Excluding crude oil, the GDP also rose by 34.7 percent, totaling 191 quadrillion rials (about $282 billion), up from 142 quadrillion rials (roughly $210 billion). The report highlights sectoral growth with the oil and gas extraction sector increasing by 11.2 percent, agriculture by 33.7 percent, mining by 27.6 percent, industry by 26.7 percent, energy (electricity, water, and gas) by 12.3 percent, and services by 39.1 percent.
Iran's GDP statistics are published by both the Central Bank and the Statistical Center, with some discrepancies between their reports.
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