Iran Government Debt: % of GDP

1998 - 2023 | Quarterly | % | CEIC Data

Key information about Iran Government Debt: % of GDP

  • Iran Government debt accounted for 7.5 % of the country's Nominal GDP in Dec 2023, compared with the ratio of 8.3 % in the previous quarter.
  • Iran government debt to GDP ratio data is updated quarterly, available from Mar 1998 to Dec 2023.
  • The data reached an all-time high of 20.2 % in Mar 1999 and a record low of 5.6 % in Sep 2008.

CEIC calculates quarterly Government Debt as % of Nominal GDP from quarterly Government Debt and rolling sum of quarterly Nominal GDP. Government Debt is calculated as a sum of Debt to the Central Bank and Debt to Other Banks. The Central Bank of the Islamic Republic of Iran provides Government Debt in local currency and Nominal GDP in local currency.
  • The country's Nominal GDP reached 429.4 USD bn in Mar 2022.
  • View Iran's Government Debt: % of GDP from Mar 1998 to Dec 2023 in the chart:

    Iran Government Debt: % of GDP

    What was Iran's Government Debt: % of GDP in Dec 2023?

    Iran Government debt accounted for 7.5 % of the country's Nominal GDP in Dec 2023, compared with the ratio of 8.3 % in the previous quarter. See the table below for more data.

    Last Previous Min Max Unit Frequency Range
    7.5 Dec 2023 8.3 Sep 2023 5.6 Sep 2008 20.2 Mar 1999 % quarterly Mar 1998 - Dec 2023

    Government Debt: % of GDP by Country Comparison

    country/region Last Frequency Range
    Albania (%) 53.7 Jun 2024 quarterly Sep 2010 - Jun 2024
    Algeria (%) 48.9 2023 yearly 1997 - 2023
    Argentina (%) 80.3 Mar 2023 quarterly Dec 2004 - Mar 2023
    Armenia (%) 48.9 Sep 2024 quarterly Dec 2013 - Sep 2024
    Australia (%) 38.0 2023 yearly 1999 - 2023
    Austria (%) 83.0 Jun 2024 quarterly Mar 2000 - Jun 2024
    Azerbaijan (%) 16.8 2021 yearly 2008 - 2021
    Bahrain (%) 88.7 Jun 2024 quarterly Dec 2007 - Jun 2024
    Bangladesh (%) 26.4 2024 yearly 2010 - 2024
    Belarus (%) 35.9 Mar 2022 quarterly Dec 2003 - Mar 2022
    Belgium (%) 106.5 Mar 2024 quarterly Dec 1980 - Mar 2024
    Bolivia (%) 27.2 2014 yearly 1998 - 2014
    Bosnia and Herzegovina (%) 19.1 2023 yearly 2007 - 2023
    Botswana (%) 17.2 Jun 2023 quarterly Jun 2014 - Jun 2023
    Brazil (%) 78.2 Sep 2024 quarterly Dec 2006 - Sep 2024
    Bulgaria (%) 22.1 Jun 2024 quarterly Mar 2007 - Jun 2024
    Cambodia (%) 25.3 2022 yearly 2013 - 2022
    Canada (%) 68.6 2024 yearly 1962 - 2024
    Chile (%) 40.9 Jun 2024 quarterly Mar 2002 - Jun 2024
    China (%) 24.6 Jun 2024 quarterly Mar 2014 - Jun 2024
    Colombia (%) 58.8 Dec 2023 quarterly Dec 2005 - Dec 2023
    Croatia (%) 61.5 Jun 2024 quarterly Dec 1995 - Jun 2024
    Cyprus (%) 69.7 Sep 2024 quarterly Dec 2010 - Sep 2024
    Czech Republic (%) 42.6 Jun 2024 quarterly Mar 2000 - Jun 2024
    Denmark (%) 33.6 Jun 2024 quarterly Mar 2000 - Jun 2024
    Ecuador (%) 66.9 Jun 2024 quarterly Dec 2005 - Jun 2024
    Egypt (%) 68.6 Jun 2020 quarterly Jun 2006 - Jun 2020
    Estonia (%) 23.8 Jun 2024 quarterly Mar 2000 - Jun 2024
    European Union (%) 81.5 Jun 2024 quarterly Mar 2000 - Jun 2024
    Finland (%) 80.0 Jun 2024 quarterly Mar 2000 - Jun 2024
    France (%) 110.6 Dec 2023 quarterly Dec 1995 - Dec 2023
    Georgia (%) 38.3 Jun 2024 quarterly Mar 2006 - Jun 2024
    Germany (%) 62.0 Jun 2024 quarterly Mar 2000 - Jun 2024
    Ghana (%) 72.3 2023 yearly 2006 - 2023
    Greece (%) 163.6 Jun 2024 quarterly Dec 1999 - Jun 2024
    Hong Kong SAR, China (%) 50.2 2023 yearly 2003 - 2023
    Hungary (%) 76.0 Sep 2024 quarterly Dec 1990 - Sep 2024
    Iceland (%) 64.2 2023 yearly 1998 - 2023
    India (%) 58.3 Jun 2024 quarterly Mar 2012 - Jun 2024
    Indonesia (%) 38.9 Sep 2024 quarterly Jun 2015 - Sep 2024
    Iran (%) 7.5 Dec 2023 quarterly Mar 1998 - Dec 2023
    Ireland (%) 42.8 Jun 2024 quarterly Mar 2000 - Jun 2024
    Israel (%) 60.3 2023 yearly 1995 - 2023
    Italy (%) 138.3 Sep 2024 quarterly Dec 1995 - Sep 2024
    Ivory Coast (%) 8.6 2015 yearly 1975 - 2015
    Japan (%) 217.0 Sep 2024 quarterly Dec 1994 - Sep 2024
    Jordan (%) 89.5 Jun 2024 quarterly Mar 2002 - Jun 2024
    Kazakhstan (%) 21.7 Dec 2023 quarterly Mar 2005 - Dec 2023
    Kenya (%) 67.2 Jun 2024 quarterly Dec 2009 - Jun 2024
    South Korea (%) 46.1 Jun 2024 quarterly Sep 2002 - Jun 2024
    Kosovo (%) 19.9 2022 yearly 2009 - 2022
    Kuwait (%) 0.3 Jun 2024 quarterly Dec 2010 - Jun 2024
    Kyrgyzstan (%) 41.7 Sep 2024 quarterly Mar 2011 - Sep 2024
    Latvia (%) 46.4 Jun 2024 quarterly Mar 2000 - Jun 2024
    Lebanon (%) 150.6 2020 yearly 1998 - 2020
    Lithuania (%) 37.4 Jun 2024 quarterly Mar 2000 - Jun 2024
    Luxembourg (%) 26.8 Jun 2024 quarterly Dec 1997 - Jun 2024
    North Macedonia (%) 54.5 Jun 2024 quarterly Dec 2009 - Jun 2024
    Malawi (%) 66.0 2014 yearly 2010 - 2014
    Malaysia (%) 65.0 Sep 2024 quarterly Dec 2010 - Sep 2024
    Malta (%) 46.4 Jun 2024 quarterly Mar 2000 - Jun 2024
    Mauritius (%) 69.3 Dec 2023 quarterly Jun 2003 - Dec 2023
    Mexico (%) 47.7 Sep 2024 quarterly Dec 2005 - Sep 2024
    Moldova (%) 34.9 Jun 2024 quarterly Mar 2007 - Jun 2024
    Mongolia (%) 59.4 Dec 2021 quarterly Dec 2017 - Dec 2021
    Montenegro (%) 62.1 Jun 2024 quarterly Dec 2010 - Jun 2024
    Morocco (%) 71.5 2022 yearly 1994 - 2022
    Nepal (%) 39.9 2021 yearly 1990 - 2021
    Netherlands (%) 43.2 Jun 2024 quarterly Dec 1999 - Jun 2024
    New Zealand (%) 42.6 Jun 2024 quarterly Dec 2006 - Jun 2024
    Nigeria (%) 52.8 Jun 2024 quarterly Dec 2010 - Jun 2024
    Norway (%) 44.3 2023 yearly 1995 - 2023
    Oman (%) 36.5 2023 yearly 1990 - 2023
    Pakistan (%) 72.4 2023 yearly 2000 - 2023
    Palestinian Territory (%) 126.9 Jun 2024 quarterly Dec 2010 - Jun 2024
    Panama (%) 61.2 Jun 2024 quarterly Dec 2007 - Jun 2024
    Paraguay (%) 36.2 Jun 2024 quarterly Dec 2014 - Jun 2024
    Peru (%) 32.6 Sep 2024 quarterly Mar 1999 - Sep 2024
    Philippines (%) 61.3 Sep 2024 quarterly Mar 1993 - Sep 2024
    Poland (%) 52.3 Jun 2024 quarterly Dec 2002 - Jun 2024
    Portugal (%) 97.4 Sep 2024 quarterly Dec 1995 - Sep 2024
    Qatar (%) 15.0 2012 yearly 2006 - 2012
    Romania (%) 51.1 Jun 2024 quarterly Dec 2011 - Jun 2024
    Russia (%) 14.6 Mar 2024 quarterly Dec 2011 - Mar 2024
    Saudi Arabia (%) 28.4 Jun 2024 quarterly Dec 2016 - Jun 2024
    Serbia (%) 47.4 Sep 2024 quarterly Sep 2004 - Sep 2024
    Singapore (%) 173.0 Sep 2024 quarterly Mar 1990 - Sep 2024
    Slovakia (%) 60.5 Mar 2024 quarterly Mar 2000 - Mar 2024
    Slovenia (%) 69.5 Jun 2024 quarterly Dec 1999 - Jun 2024
    South Africa (%) 74.6 Jun 2024 quarterly Dec 1960 - Jun 2024
    Spain (%) 104.4 Sep 2024 quarterly Mar 1995 - Sep 2024
    Sri Lanka (%) 98.8 Jun 2024 quarterly Mar 2014 - Jun 2024
    Sweden (%) 32.0 Jun 2024 quarterly Mar 1996 - Jun 2024
    Switzerland (%) 23.3 2028 yearly 1990 - 2028
    Taiwan (%) 29.1 2023 yearly 1996 - 2023
    Tajikistan (%) 36.3 2021 yearly 1999 - 2021
    Thailand (%) 55.9 Sep 2024 quarterly Dec 1997 - Sep 2024
    Tunisia (%) 79.7 Dec 2021 monthly Apr 2011 - Dec 2021
    Turkey (%) 26.1 Jun 2024 quarterly Dec 2001 - Jun 2024
    Ukraine (%) 79.4 Dec 2023 quarterly Dec 2010 - Dec 2023

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    Iran Key Series

    Government and Public Finance Last Frequency Range
    Consolidated Fiscal Balance: % of GDP (%) -4.3 Mar 2021 quarterly Mar 2006 - Mar 2021
    Consolidated Fiscal Balance (USD mn) -13,054.478 Mar 2020 quarterly Jun 2005 - Mar 2020
    Tax Revenue (USD mn) 77,585.714 2021 yearly 1996 - 2021
    Tax Revenue: % of GDP (%) 4.9 2021 yearly 1996 - 2021
    Government Debt: % of GDP (%) 7.5 Dec 2023 quarterly Mar 1998 - Dec 2023
    Forecast: Government Expenditure (IRR bn) 102,170,609.775 2030 yearly 1991 - 2030
    Forecast: Government Net Debt (IRR bn) 254,852,164.063 2030 yearly 1997 - 2030
    Forecast: Government Revenue (IRR bn) 85,465,973.079 2030 yearly 1991 - 2030
    Govt Revenues excl Special Rev: Tax: on Goods & Services: Value Added (IRR bn) 813,300.000 2022 yearly 2009 - 2022
    Foreign Trade Last Frequency Range
    Forecast: Exports of Goods Growth (%) -0.334 2028 yearly 1980 - 2028
    Trade Balance (USD mn) 32,176.0 2023 yearly 1948 - 2023
    Total Exports (USD mn) 98,207.0 2023 yearly 1948 - 2023
    Total Exports Growth (%) 0.4 2023 yearly 1949 - 2023
    Aluminum: Exports (USD th) 965,315.701 2023 yearly 1995 - 2023
    Exports: Medicament (USD th) 127,665.499 2023 yearly 1995 - 2023
    Exports: Medicinal and Pharmaceutical Product (USD th) 175,185.206 2023 yearly 1995 - 2023
    Total Imports (USD mn) 60,308.7 2023 yearly 1979 - 2023
    Total Imports Growth (%) 13.8 2023 yearly 1980 - 2023
    Imports: Medicament (USD th) 954,511.662 2023 yearly 1995 - 2023
    Imports: Medicinal and Pharmaceutical Product (USD th) 1,369,188.228 2023 yearly 1995 - 2023
    Total Exports to USA (USD mn) 0.100 Aug 2024 monthly Feb 2016 - Aug 2024
    Total Imports from USA (USD mn) 35.337 Aug 2024 monthly May 2001 - Aug 2024
    Total Exports to China (USD mn) 338.059 Aug 2024 monthly Dec 1990 - Aug 2024
    Total Imports from China (USD mn) 903.758 Aug 2024 monthly Jan 1981 - Aug 2024
    Exports: Industrial Goods (IG) (USD mn) 42,828.000 2022 yearly 1979 - 2022
    Exports (USD mn) 54,139.404 2023 yearly 1979 - 2023
    Exports: IG: Plastic Materials and Their Products (USD mn) 6,321.000 2022 yearly 2002 - 2022
    Exports: United Arab Emirates (USD mn) 4,661.620 2021 yearly 1995 - 2021
    Exports: Germany (USD mn) 233.060 2021 yearly 1995 - 2021
    Exports: Russia (USD mn) 504.580 2021 yearly 1995 - 2021
    Exports: China (USD mn) 9,077.120 2021 yearly 1995 - 2021
    Exports: Iraq (USD mn) 7,448.430 2021 yearly 1995 - 2021
    Imports: Foodstuffs and Live Animals (FA) (USD mn) 11,680.000 2022 yearly 1979 - 2022
    Imports: Mineral Products, Fuels, Industrial Oils and Grease (MP) (USD mn) 850.000 2022 yearly 1979 - 2022
    Imports: Machinery and Transportation Vehicles (MT) (USD mn) 18,854.000 2022 yearly 1979 - 2022
    Imports: Chemicals (USD mn) 7,802.000 2022 yearly 1979 - 2022
    Imports: Miscellaneous Finished Products (MF) (USD mn) 1,592.000 2022 yearly 1979 - 2022
    Imports: Natural Gas (Cub m bn) 0.300 2021 yearly 1974 - 2021
    Imports: China (USD mn) 9,843.010 2021 yearly 1995 - 2021
    Imports: Germany (USD mn) 1,851.170 2021 yearly 1995 - 2021
    Imports: United Arab Emirates (USD mn) 9,757.790 2021 yearly 1995 - 2021
    Imports: Turkey (USD mn) 4,400.090 2021 yearly 1995 - 2021
    Imports: Russia (USD mn) 1,070.260 2021 yearly 1995 - 2021
    Import Value Index (2015=100) 108.993 2021 yearly 1980 - 2021
    Export Value Index (2015=100) 101.950 2021 yearly 1980 - 2021
    Balance of Payments Last Frequency Range
    Direct Investment Abroad (USD mn) 156.0 2018 yearly 1997 - 2018
    Current Account Balance (USD mn) 14,204.8 2023 yearly 1997 - 2023
    Current Account Balance: % of GDP (%) 0.6 2023 yearly 1997 - 2023
    Foreign Direct Investment (USD mn) 838.3 2021 yearly 1997 - 2021
    Foreign Direct Investment: % of GDP (%) 0.1 2021 yearly 1997 - 2021
    Foreign Portfolio Investment (USD mn) 45.600 2021 yearly 1997 - 2021
    Foreign Portfolio Investment: % of GDP (%) 0.0 2021 yearly 1997 - 2021
    External Debt (USD mn) 6,281.7 2023 yearly 1994 - 2023
    External Debt: % of GDP (%) 0.3 2023 yearly 1994 - 2023
    External Debt: Short Term (USD mn) 1,792.1 2023 yearly 1994 - 2023
    External Debt: Short Term: % of GDP (%) 0.1 2023 yearly 1994 - 2023
    Forecast: Current Account Balance (USD bn) 17.997 2029 yearly 1980 - 2029
    BoP: CA: Goods (USD mn) 22,246.787 2023 yearly 1998 - 2023
    BoP: CA: Services (USD mn) -6,691.163 2023 yearly 1998 - 2023
    BoP: CA: Current Transfers: Credit (USD mn) 1,540.830 2022 yearly 1998 - 2022
    BoP: CA: Current Transfers (USD mn) -297.584 2023 yearly 1998 - 2023
    BoP: CA: Income (USD mn) -1,053.243 2023 yearly 1998 - 2023
    BoP: CA: CF: Capital Account: Debit (USD mn) -7,544.000 2022 yearly 1998 - 2022
    BoP: CA: CF: Capital Account: Credit (USD mn) 0.000 2022 yearly 1998 - 2022
    BoP: CA: Errors and Omissions (USD mn) 4,897.120 2023 yearly 1998 - 2023
    BoP: CA: Income: Credit (USD mn) 1,276.200 2022 yearly 1998 - 2022
    BoP: CA: Current Transfers: Debit (USD mn) 387.400 2022 yearly 1998 - 2022
    BoP: CA: Income: Debit (USD mn) 1,770.800 2022 yearly 1998 - 2022
    Monetary Last Frequency Range
    Non Performing Loans Ratio (%) 8.3 Dec 2023 monthly Jan 2011 - Dec 2023
    Money Supply M1 (USD mn) 48,364.746 Jun 2024 monthly Dec 1999 - Jun 2024
    Money Supply M2 (USD mn) 211,714.780 Jun 2024 monthly Dec 1999 - Jun 2024
    M2 Growth (%) 26.8 Jun 2024 monthly Dec 2000 - Jun 2024
    Reserve Requirement Ratio (%) 10.0 May 2024 monthly Mar 2008 - May 2024
    Total Deposits (USD mn) 359,949.521 2022 yearly 1973 - 2022
    Total Deposits Growth (%) 67.2 2022 yearly 1974 - 2022
    Domestic Credit (USD mn) 276,897.2 Feb 2017 monthly Jan 1964 - Feb 2017
    Domestic Credit Growth (%) 25.8 Feb 2017 monthly Jan 1965 - Feb 2017
    Total Loans (USD mn) 236,845.352 2016 yearly 1967 - 2016
    Total Loans Growth (%) 23.00 2016 yearly 1968 - 2016
    Private Debt: % of Nominal GDP (%) 60.30 2016 yearly 1961 - 2016
    Money Supply: Monetary Base (IRR bn) 11,130,300.000 Jun 2024 monthly Dec 1999 - Jun 2024
    Money Supply: M2: Quasi Money (IRR bn) 63,003,300.000 Jun 2024 monthly Dec 1999 - Jun 2024
    Money Supply: M2: M1 (IRR bn) 19,084,100.000 Jun 2024 monthly Dec 1999 - Jun 2024

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