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Iran Debt to GDP Ratio

Iran's government debt to GDP increased to 36.8% in 2024 from 33.5% in 2023. This rise resulted from higher deficit spending, caused by lower oil revenues and increased government expenses on goods, services and inflation mitigation transfers. The government funded this deficit by borrowing from domestic banks and the National Development Fund. Iran's record low government debt to GDP was 11.8% in 2013 and record high was 48.3% in 2020.

Yearly Historical Data (2013-2024)

(in %)
Year Debt to GDP Ratio
2024 36.8%
2023 33.5%
2022 36.9%
2021 42.4%
2020 48.3%
2019 46.6%
2018 42.9%
2017 45%
2016 47.9%
2015 37%
2014 12.6%
2013 11.8%
Iran Debt to GDP Ratio : Definition
Iran's government debt to GDP shows its total government debt as a percentage of its gross domestic product. It's calculated by dividing the total government debt by the GDP, then multiplying by 100.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio 2.9% 2.8% Dec'24
Interest Rate 23% 23% Aug'25