The Iranian economy expanded by 3% in the calendar year ending March 20, 2025, according to new data released by the Statistical Center of Iran (SCI). The country’s gross domestic product (GDP) reached 100,260 trillion rials (over $125 billion at free market exchange rates), up from 97,301 trillion rials the previous year.
The SCI uses 2021 fixed prices as the base for its calculations. Excluding oil, the Iranian economy grew by 2.1%, reaching 76,140 trillion rials in non-oil GDP.
The strongest performance came from the manufacturing and mining sector, including oil, which grew by 3.4%. The petroleum sub-sector alone expanded by 6.2%, despite signs of a slowdown. Oil and gas sector growth decelerated by 1.9% compared to the previous year.
Iran’s agriculture sector grew by 3.2%, while services expanded by 2.5%. The services sector remained the largest component of the economy, contributing over 40% of GDP, or 38,746 trillion rials. Oil accounted for 24.7% of GDP, with a value of 24,119 trillion rials.
The SCI figures were slightly more conservative than those from the Central Bank of Iran (CBI), which had reported a 3.7% economic growth rate for the first three quarters of the same year.
Despite enduring inflationary pressures, international sanctions, and disruptions in global supply chains, Iran has maintained positive economic growth for the past four consecutive years.
