Iran’s Gross Domestic Product (GDP) in 2019/20 fiscal year is estimated at US$463 billion.

With a population of 82.8 million people, Iran’s economy is mainly characterized by its strong infrastructures in hydrocarbon, agriculture, mining, and services sectors. Iran ranks second in the world in natural gas reserves and fourth in proven crude oil reserves. Between April and December 2019, agriculture and non-oil industries grew by 3.2% and 2%, respectively, while value-added services edged down.

In the medium term, the economy is set to experience a slow recovery with oil exports expected to remain at historic lows and non-oil activity remaining subdued. Facing additional exogenous shocks—including the COVID-19 outbreak in 2020—GDP is expected to further contract in 2020/21. Economic growth between 2020/21 and 2022/23 is experiencing a slow growth in exports and consumption on the demand side and growth in the industrial sector on the supply side in later years.

Useful links are as follows:

http://documents.worldbank.org/curated/en/676781543436287317/pdf/Iran-Economic-Monitor-Weathering-Economic-Challenges.pdf

https://iranpress.com/america-i146041-iran%E2%80%99s_economic_growth_improves_in_2020_world%E2%80%99s_will_be_'worst_since_great_depression%E2%80%99_imf

https://tradingeconomics.com/iran/forecast

https://www.focus-economics.com/countries/iran

https://country.eiu.com/iran

https://www.nordeatrade.com/en/explore-new-market/iran/economical-context

https://www.worldbank.org/en/country/iran/publication/economic-update-april-2020#:~:text=Facing%20a%20growing%20pandemic%2C%20low,subsequent%20years%20of%20modest%20recovery.

https://financialtribune.com/articles/domestic-economy/101941/un-forecasts-irans-economy-to-shrink-27-in-2020

https://www.statista.com/statistics/294301/iran-gross-domestic-product-gdp-growth/