Iran, Islamic Rep.'s market capitalization of listed domestic companies (current US$) was US$185.64 billion in 2025, the latest year in the World Bank's World Development Indicators. That is up 107.58% from US$89.43 billion in 2015 (7.58% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$185.64 billion | 2025 |
| Five years earlier | US$1.54 trillion | 2020 |
| Ten years earlier | US$89.43 billion | 2015 |
| Highest | US$2.06 trillion | 2023 |
| Lowest | US$1.29 billion | 1993 |
| Average since 2016 | US$784.42 billion | 2016–2025 |
| First recorded | US$1.9 billion |
What the numbers say
In 2025, Iran, Islamic Rep.'s market capitalization of listed domestic companies (current US$) rose 8.2% on 2024 (from US$171.58 billion to US$185.64 billion).
Across the 30 yearly changes before that (1995 to 2024), the average change was +42.4% and a typical year strayed about 91.4% from that (the standard deviation). This year's change was 0.4 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 296.1% in 2020 and the biggest yearly fall was 91.7% in 2024. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 there is no clear straight-line trend: a straight line explains 11% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2025, Iran, Islamic Rep. had the 28th highest value of the 63 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.
| Value | Year | |
|---|---|---|
| Iran, Islamic Rep. | US$185.64 billion | 2025 |
| World | US$141.3 trillion | 2025 |
| Upper middle income | US$21.92 trillion | 2025 |
Closest to Iran, Islamic Rep. in the 2025 ranking
- Viet Nam — 24th of 63: US$316 billion
- Philippines — 25th of 63: US$232.07 billion
- Austria — 26th of 63: US$211.15 billion
- Qatar — 28th of 63: US$176.91 billion
- Kuwait — 29th of 63: US$172.13 billion
- Kazakhstan — 30th of 63: US$158.41 billion
What this measures
Market capitalization (also known as market value) is the share price times the number of shares outstanding (including their several classes) for listed domestic companies. Investment funds, unit trusts, and companies whose only business goal is to hold shares of other listed companies are excluded. Data are end of year values converted to U.S. dollars using corresponding year-end foreign exchange rates.
Limitations: Data cover measures of size (market capitalization, number of listed domestic companies) and liquidity (value of shares traded as a percentage of gross domestic product, value of shares traded as a percentage of market capitalization). The comparability of such data across countries may be limited by conceptual and statistical weaknesses, such as inaccurate reporting and differences in accounting standards.
Regional and income-group figures are computed by the World Bank as a sum.
All 37 values
| Year | Market capitalization of listed domestic companies (current US$) |
|---|---|
| 2025 | 185,635,780,000 |
| 2024 | 171,583,580,000 |
| 2023 | 2,059,638,860,000 |
| 2022 | 1,613,044,750,000 |
| 2021 | 1,508,229,410,000 |
| 2020 | 1,539,564,820,000 |
| 2019 | 388,666,940,000 |
| 2018 | 170,460,420,000 |
| 2017 | 106,329,000,000 |
| 2016 | 101,008,000,000 |
Market capitalization of listed domestic companies (current US$) in nearby economies
More financial sector data for Iran, Islamic Rep.
- Consumer price index (2010 = 100) — 4,030 (2025)
- Inflation, consumer prices (annual % growth) — 42.17% (2025)
- GDP deflator (base year varies by country) — 342.89 (2025)
- DEC alternative conversion factor (LCU per US$) — US$742,604 (2025)
- Inflation, GDP deflator (annual % growth) — 28.78% (2025)
- Official exchange rate (LCU per US$, period average) — US$42,000 (2023)
- Monetary sector credit to private sector (% of GDP) — 57.83% (2016)
- Domestic credit to private sector (% of GDP) — 57.83% (2016)
- Domestic credit to private sector by banks (% of GDP)
Reading data like this
Questions people ask
- What is Iran, Islamic Rep.'s market capitalization of listed domestic companies (current US$)?
- US$185.64 billion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1975?
- It is up 9,670% from US$1.9 billion in 1975 (9.6% a year on average, compounded). The highest value was US$2.06 trillion in 2023 and the lowest US$1.29 billion in 1993.
- How does Iran, Islamic Rep. rank?
- 28th highest of 63 economies with data for 2025.
- Is the latest change in market capitalization of listed domestic companies (current US$) unusual for Iran, Islamic Rep.?
- In 2025, Iran, Islamic Rep.'s market capitalization of listed domestic companies (current US$) rose 8.2% on 2024 (from US$171.58 billion to US$185.64 billion). Across the 30 yearly changes before that (1995 to 2024), the average change was +42.4% and a typical year strayed about 91.4% from that (the standard deviation). This year's change was 0.4 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 CM.MKT.LCAP.CD, licensed CC BY 4.0. Original source: World Federation of Exchanges database, World Federation of Exchanges (WFE) 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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