Source: world bank Nominal/PPP
Summary:
Iran GDP Per Capita expanded from 1960 to 2008, increasing from $195.58 to $5,377.41 .The compound annual growth rate (CAGR) averaged 7.15% over the period. The economy recorded its peak level in 2008 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 74.46%, indicating the largest cyclical decline from peak levels. The country experienced 6 recession episode(s) during the observed period.
Iran Economic Phases (1960 - 2008)
From 1960 to 2008, Iran economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- Expansion (1961–1963) indicating steady moderate growth
- High Growth (1964–1977) indicating robust economic expansion
- Expansion (1980–1981) indicating steady moderate growth
- High Growth (1982–1983) indicating robust economic expansion
- High Growth (1985–1986) indicating robust economic expansion
- Crisis (1987–1988) indicating severe economic downturn
- Expansion (1990–1991) indicating steady moderate growth
- Crisis (1992–1993) indicating severe economic downturn
- High Growth (1994–1996) indicating robust economic expansion
- Contraction (1997–1998) indicating temporary slowdown
- High Growth (2003–2008) indicating robust economic expansion
The most remarkable growth occurred in 1974 with an increase of 65.652%, while the largest decline was in 1993 at -46.967%.