Iran, Islamic Rep.'s manufacturing, value added (constant LCU) was 19,707.33 trillion in 2024, the latest year in the World Bank's World Development Indicators. That is up 42.65% from 13,815.3 trillion in 2014 (3.62% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 19,707.33 trillion | 2024 |
| Five years earlier | 14,179.34 trillion | 2019 |
| Ten years earlier | 13,815.3 trillion | 2014 |
| Highest | 19,707.33 trillion | 2024 |
| Lowest | 257.68 trillion | 1960 |
| Average since 2015 | 15,891.64 trillion | 2015–2024 |
| First recorded | 257.68 trillion |
What the numbers say
In 2024, Iran, Islamic Rep.'s manufacturing, value added (constant LCU) rose 2.3% on 2023 (from 19,271.4 trillion to 19,707.33 trillion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +5.8% and a typical year strayed about 6.4% from that (the standard deviation). This year's change was 0.6 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 30% in 1976 and the biggest yearly fall was 12.9% in 1979. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 797.05 trillion a year. A straight line explains 93% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Iran, Islamic Rep. had the 1st highest value of the 37 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Iran, Islamic Rep. in the 2024 ranking
- Japan — 2nd of 37: 110.99 trillion
- Madagascar — 3rd of 37: 2.14 trillion
- Algeria — 4th of 37: 1.03 trillion
What this measures
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.
All 65 values
| Year | Manufacturing, value added (constant LCU) |
|---|---|
| 2024 | 19,707,326,935,107,100 |
| 2023 | 19,271,397,839,562,500 |
| 2022 | 18,297,685,033,768,100 |
| 2021 | 16,628,896,347,653,700 |
| 2020 | 16,076,984,341,611,000 |
| 2019 | 14,179,342,765,731,200 |
| 2018 | 13,954,013,792,519,000 |
| 2017 | 14,410,156,026,063,300 |
| 2016 | 13,701,298,140,575,100 |
| 2015 | 12,689,254,656,645,300 |
Manufacturing, value added (constant LCU) in nearby economies
- Afghanistan — 84.08 billion (2024)
- Algeria — 1.03 trillion (2024)
- Bahrain — 2.37 billion (2025)
- Djibouti — 27.94 billion (2024)
- Egypt, Arab Rep. — 1.27 trillion (2025)
- Iraq — 5.3 trillion (2025)
- Israel — 199.5 billion (2024)
- Jordan — 7.14 billion (2025)
- Kuwait — 3.44 billion (2025)
- Lebanon — 2.49 trillion (2021)
More economic policy & debt data for Iran, Islamic Rep.
- General government final consumption expenditure (current US$) — US$48.21 billion (2025)
- General government final consumption expenditure (current LCU) — 35,797.6 trillion (2025)
- General government final consumption expenditure (constant 2015 US$) — US$68.4 billion (2025)
- General government final consumption expenditure (constant LCU) — 10,151.5 trillion (2025)
- General government final consumption expenditure (% of GDP) — 13.29% (2025)
- Households and NPISHs final consumption expenditure (current US$) — US$194.65 billion (2025)
- Households and NPISHs final consumption expenditure (current LCU) — 144,548 trillion (2025)
Reading data like this
Questions people ask
- What is Iran, Islamic Rep.'s manufacturing, value added (constant LCU)?
- 19,707.33 trillion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1960?
- It is up 7,548% from 257.68 trillion in 1960 (7.01% a year on average, compounded). The highest value was 19,707.33 trillion in 2024 and the lowest 257.68 trillion in 1960.
- How does Iran, Islamic Rep. rank?
- 1st highest of 37 economies with data for 2024.
- Is the latest change in manufacturing, value added (constant LCU) unusual for Iran, Islamic Rep.?
- In 2024, Iran, Islamic Rep.'s manufacturing, value added (constant LCU) rose 2.3% on 2023 (from 19,271.4 trillion to 19,707.33 trillion). Across the 30 yearly changes before that (1994 to 2023), the average change was +5.8% and a typical year strayed about 6.4% from that (the standard deviation). This year's change was 0.6 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NV.IND.MANF.KN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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