GDP is the most important indicator in the economy that shows welfare, economic power and other indices. Iran’s GDP from 1993 to 2014 can be seen in the below table:

year 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003
GDP  (Million USD) 63,744 71,841 96,419 120,404 113,919 110,277 113,848 109,592 126,879 128,627 153,545
year 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
GDP  (Million USD) 183,697 219,846 258,646 337,474 397,190 398,978 467,790 592,038 587,209 511,621 425,326

Source: World Bank

GDP

GDP continuously increased in Iran during 1993 to 2011 because of increase in oil price during this period. Since 2011, due to fall of oil price and also sanctions imposed on Iran, GDP gradually fell.

GDP is composed of three categories: Agricultural, Industrial and Service.  Agriculture part consist of the process of producing food, feed, fiber and other goods by the systematic raising of plants and animals. Industry is the segment of economy concerned with production of goods. It includes mining (fuels and fertilizers) and extraction sectors. On the other hand, the service sector is the non-material equivalent of a good. Service providing is defined as an economic activity that does not result in ownership. The service sector includes (but is not limited to) farm and factory related activities. Share of sector composition in Iran’s GDP during 1993 to 2014 has been shown in the below table:

GDP sector composition (% of GDP) 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003
Agricultural sector 10% 10% 12% 10% 10% 12% 10% 9% 8% 8% 8%
Industrial sector 42% 43% 39% 42% 39% 33% 38% 41% 40% 46% 46%
Service sector 48% 47% 49% 48% 51% 56% 52% 50% 51% 46% 47%
GDP sector composition (% of GDP) 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Agricultural sector 7% 7% 7% 7% 6% 7% 7% 6% 8% 9% 9%
Industrial sector 45% 47% 45% 46% 45% 41% 41% 46% 41% 40% 38%
Service sector 47% 46% 47% 47% 48% 52% 52% 48% 51% 51% 52%

Source: World Bank

GDP

Historically, share of Agricultural, Industrial and Service sectors in GDP is about 10, 40 and 50 percent, respectively. The reason of increasing industry share during 2002 to 2008 and 2011 is increase in oil price.

 

The composition of Iran’s natural resources in GDP since 1993 to 2014 is shown in the below table.

 

GDP from natural resources (% of  GDP) 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003
total natural resources 32% 27% 23% 23% 23% 15% 19% 38% 29% 27% 31%
oil 30% 25% 20% 20% 20% 13% 17% 32% 22% 21% 24%
natural gas 2% 2% 2% 3% 3% 3% 3% 7% 6% 5% 8%
other 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
GDP from natural resources (% of  GDP) 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
total natural resources 36% 45% 46% 40% 49% 27% 29% 30% 26% 28% 30%
oil 28% 33% 35% 30% 36% 20% 23% 24% 21% 22% 24%
natural gas 8% 11% 10% 9% 11% 6% 5% 5% 4% 5% 5%
other 0% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1%

Source: World Bank

GDP

GDP is a monetary measure of the market value of all final goods and services produced in a year. So, by this definition it can be said that Iran’s GDP depend mostly on oil and has been affected by its fluctuation directly.