Iran: Trade balance, percent of GDP
* indicates monthly or quarterly data series
| Iran |
Trade balance as percent of GDP |
|---|---|
| Latest value | 1.73 |
| Year | 2023 |
| Measure | percent |
| Data availability | 1960 - 2023 |
| Average | 0.22 |
| Min - Max | -16.55 - 23.34 |
| Source | The World Bank |
The latest value from 2023 is 1.73 percent, a decline from 2.03 percent in 2022. In comparison, the world average is -3.03 percent, based on data from 137 countries. Historically, the average for Iran from 1960 to 2023 is 0.22 percent. The minimum value, -16.55 percent, was reached in 1991 while the maximum of 23.34 percent was recorded in 1974.
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* indicates monthly or quarterly data series
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The trade balance for Iran and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 138.43 | 2021 | percent |
| Trade openness | 55.54 | 2023 | percent |
| Financial openness | -1.931 | 2021 | index points |
| Exports, percent of GDP | 28.64 | 2023 | percent |
| Exports, billion dollars | 114.99 | 2023 | billion U.S. dollars |
| Growth of exports | 15.40 | 2023 | percent |
| Imports, percent of GDP | 26.91 | 2023 | percent |
| Imports, billion dollars | 108.03 | 2023 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 0.35 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 1.50 | 2022 | billion U.S. dollars |
| Portfolio investment inflows, equities | 0.00 | 2000 | million dollars (current) |
| Current account, percent of GDP | 2.76 | 2023 | percent |
| Current account, in dollars | 12.48 | 2000 | billion U.S. dollars |
| Trade balance, percent of GDP | 1.73 | 2023 | percent |
| Trade balance, in dollars | 12.22 | 2000 | billion U.S. dollars |
| Reserves | 7.69 | 1982 | billion U.S. dollars |
| Remittances, percent of GDP | 0.54 | 2004 | percent |
| Remittances | 1,032.00 | 2004 | million U.S. dollars |
| Net errors and omissions | -1,355.00 | 2000 | million USD |
| External debt | 2.41 | 2022 | percent |
| Short-term external debt | 25.08 | 2022 | percent |
| Short-term debt to reserves | 62.06 | 1982 | percent |