Iran Current Account Balance

1997 - 2023 | Yearly | USD mn | CEIC Data

Key information about Iran Current Account Balance

  • Iran Current Account recorded a surplus of 14.2 USD bn in Mar 2023, compared with a surplus of 11.1 USD bn in the previous year.
  • Iran Current Account Balance: USD mn data is updated yearly, available from Mar 1997 to Mar 2023, with an averaged value of 11.1 USD bn.
  • The data reached an all-time high of 58.5 USD bn in Mar 2012 and a record low of -3.9 USD bn in Mar 1999.
  • CEIC extends history for annual Current Account Balance. The Central Bank of the Islamic Republic of Iran provides Current Account Balance in USD based on BPM5. Current Account Balance prior to 1998 is based on BPM4. Current Account Balance is in annual frequency, ending in March of each year.
  • Foreign Direct Investment (FDI) increased by 838.3 USD mn in Dec 2021.
  • Iran Direct Investment Abroad expanded by 156.0 USD mn in Dec 2018.
  • Its Foreign Portfolio Investment increased by 45.6 USD mn in Dec 2021.
  • The country's Nominal GDP was reported at 429.4 USD bn in Mar 2022.

View Iran's Current Account Balance from 1997 to 2023 in the chart:

Iran Current Account Balance

What was Iran's Current Account Balance in 2023?

Iran Current Account recorded a surplus of 14.2 USD bn in Mar 2023, compared with a surplus of 11.1 USD bn in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
14,204.8 2023 11,143.6 2022 -3,884.0 1999 58,507.0 2012 USD mn yearly 1997 - 2023

Current Account Balance by Country Comparison

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Includes Current Account Balance on 116 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (USD mn) -145.1 Mar 2023 quarterly Mar 1993 - Mar 2023
Algeria (USD mn) -2,970.0 Dec 2019 quarterly Mar 2007 - Dec 2019
Argentina (USD mn) -3,420.1 Dec 2023 quarterly Mar 1976 - Dec 2023
Armenia (USD mn) 201.6 Dec 2023 quarterly Mar 1993 - Dec 2023
Australia (USD mn) 7,685.3 Dec 2023 quarterly Sep 1959 - Dec 2023
Austria (USD mn) 5,171.8 Mar 2023 quarterly Mar 1970 - Mar 2023
Azerbaijan (USD mn) 1,655.4 Dec 2023 quarterly Mar 2013 - Dec 2023
Bahrain (USD mn) 569.0 Jun 2023 quarterly Mar 2018 - Jun 2023
Bangladesh (USD mn) 1,331.8 Jan 2024 monthly Jul 1997 - Jan 2024
Belarus (USD mn) -1,726.9 Mar 2023 quarterly Mar 1996 - Mar 2023
Belgium (USD mn) -1,705.2 Dec 2022 monthly Jan 1995 - Dec 2022
Bolivia (USD mn) -268.2 Sep 2023 quarterly Mar 1988 - Sep 2023
Bosnia and Herzegovina (USD mn) -196.3 Dec 2023 quarterly Mar 2001 - Dec 2023
Botswana (USD mn) -44.3 Dec 2022 quarterly Mar 2004 - Dec 2022
Brazil (USD mn) -4,372.7 Feb 2024 monthly Jan 1995 - Feb 2024
Brunei (USD mn) -615.1 Dec 2020 quarterly Mar 2001 - Dec 2020
Bulgaria (USD mn) 351.4 Apr 2023 monthly Jan 1996 - Apr 2023
Cambodia (USD mn) -87.1 Dec 2023 quarterly Mar 1994 - Dec 2023
Canada (USD mn) -4,560.8 Mar 2023 quarterly Mar 1957 - Mar 2023
Chile (USD mn) -4,494.9 Sep 2023 quarterly Mar 2003 - Sep 2023
China (USD mn) 56,191.5 Dec 2023 quarterly Mar 1998 - Dec 2023
Colombia (USD mn) -2,293.1 Dec 2023 quarterly Mar 1996 - Dec 2023
Croatia (USD mn) -1,465.3 Dec 2022 quarterly Mar 1993 - Dec 2022
Cyprus (USD mn) -178.0 Dec 2022 quarterly Mar 2001 - Dec 2022
Czech Republic (USD mn) 782.0 Apr 2023 monthly Jan 2003 - Apr 2023
Denmark (USD mn) 5,296.0 Apr 2023 monthly Jan 2005 - Apr 2023
Ecuador (USD mn) 522.8 Dec 2023 quarterly Mar 1993 - Dec 2023
Egypt (USD mn) -6,825.4 Dec 2023 quarterly Dec 1993 - Dec 2023
Estonia (USD mn) 94.3 Apr 2023 monthly Jan 1999 - Apr 2023
European Union (USD mn) 104,959.5 Dec 2023 quarterly Mar 1999 - Dec 2023
Finland (USD mn) -1,912.9 Apr 2023 monthly Jan 1980 - Apr 2023
France (USD mn) 948.7 Feb 2024 monthly Jan 1999 - Feb 2024
Georgia (USD mn) -200.5 Mar 2023 quarterly Mar 1995 - Mar 2023
Germany (USD mn) 27,133.6 Feb 2024 monthly Jan 1991 - Feb 2024
Ghana (USD mn) 217.8 Dec 2023 quarterly Mar 2005 - Dec 2023
Greece (USD mn) 1,855.7 Jan 2024 monthly Jan 2000 - Jan 2024
Hong Kong SAR, China (USD mn) 9,111.4 Dec 2023 quarterly Mar 1999 - Dec 2023
Hungary (USD mn) -964.2 Dec 2023 quarterly Dec 1989 - Dec 2023
Iceland (USD mn) -71.2 Mar 2023 quarterly Mar 1976 - Mar 2023
India (USD mn) -9,195.5 Jun 2023 quarterly Jun 1949 - Jun 2023
Indonesia (USD mn) -1,290.4 Dec 2023 quarterly Mar 1981 - Dec 2023
Iran (USD mn) 14,204.8 2023 yearly 1997 - 2023
Ireland (USD mn) 14,845.9 Mar 2023 quarterly Mar 1981 - Mar 2023
Israel (USD mn) 10,541.1 Dec 2023 quarterly Mar 1992 - Dec 2023
Italy (USD mn) -1,662.6 Apr 2023 monthly Jan 1970 - Apr 2023
Ivory Coast (USD mn) -4,350.1 2022 yearly 1975 - 2022
Japan (USD mn) 14,232.0 Apr 2023 monthly Jan 1996 - Apr 2023
Jordan (USD mn) -1,007.6 Mar 2023 quarterly Mar 1977 - Mar 2023
Kazakhstan (USD mn) -2,092.5 Dec 2023 quarterly Dec 1997 - Dec 2023
Kenya (USD mn) -446.0 Sep 2023 monthly Jan 2002 - Sep 2023
South Korea (USD mn) 7,671.1 Feb 2024 monthly Jan 1980 - Feb 2024
Kosovo (USD mn) -447.2 Dec 2023 quarterly Mar 2009 - Dec 2023
Kuwait (USD mn) 15,358.8 Sep 2023 quarterly Mar 2012 - Sep 2023
Kyrgyzstan (USD mn) -1,294.6 Dec 2022 quarterly Mar 1993 - Dec 2022
Laos (USD mn) 67.0 Jun 2023 quarterly Mar 1994 - Jun 2023
Latvia (USD mn) 23.0 Apr 2023 monthly Jan 2000 - Apr 2023
Lebanon (USD mn) -28.3 Dec 2022 monthly Jan 2002 - Dec 2022
Lithuania (USD mn) 604.8 Feb 2024 monthly Jan 2001 - Feb 2024
Luxembourg (USD mn) 1,576.9 Dec 2023 quarterly Mar 1995 - Dec 2023
Macau SAR, China (USD mn) 2,782.4 2022 yearly 2002 - 2022
North Macedonia (USD mn) 108.9 Mar 2023 monthly Jan 2001 - Mar 2023
Malawi (USD mn) -1,752.1 2021 yearly 1977 - 2021
Malaysia (USD mn) 54.0 Dec 2023 quarterly Mar 1999 - Dec 2023
Malta (USD mn) 13.6 Dec 2023 quarterly Mar 1995 - Dec 2023
Mauritius (USD mn) -183.0 Sep 2023 quarterly Mar 2017 - Sep 2023
Mexico (USD mn) -14,282.0 Mar 2023 quarterly Mar 1980 - Mar 2023
Moldova (USD mn) -522.9 Dec 2023 quarterly Mar 1994 - Dec 2023
Mongolia (USD mn) -144.7 Feb 2024 monthly Jan 2009 - Feb 2024
Montenegro (USD mn) -278.9 Mar 2023 quarterly Mar 2004 - Mar 2023
Morocco (USD mn) -172.4 Dec 2023 quarterly Mar 2014 - Dec 2023
Mozambique (USD mn) -505.6 Dec 2023 quarterly Mar 1996 - Dec 2023
Myanmar (USD mn) -280.3 Jun 2023 quarterly Mar 1976 - Jun 2023
Nepal (USD mn) 769.7 Jan 2024 quarterly Oct 2000 - Jan 2024
Netherlands (USD mn) 27,762.5 Mar 2023 quarterly Mar 1967 - Mar 2023
New Zealand (USD mn) -5,231.7 Mar 2023 quarterly Jun 1971 - Mar 2023
Nigeria (USD mn) 2,348.3 Dec 2022 quarterly Mar 2008 - Dec 2022
Norway (USD mn) 27,310.5 Mar 2023 quarterly Mar 1981 - Mar 2023
Oman (USD mn) 5,752.9 2022 yearly 1974 - 2022
Pakistan (USD mn) 198.0 Dec 2023 quarterly Mar 1976 - Dec 2023
Palestinian Territory (USD mn) -529.4 Sep 2023 quarterly Mar 2011 - Sep 2023
Panama (USD mn) -4,356.5 Dec 2023 quarterly Mar 1998 - Dec 2023
Paraguay (USD mn) -138.6 Dec 2023 quarterly Mar 2008 - Dec 2023
Peru (USD mn) 1,633.8 Dec 2023 quarterly Mar 1977 - Dec 2023
Philippines (USD mn) 106.8 Dec 2023 monthly Jan 1999 - Dec 2023
Poland (USD mn) 502.0 Feb 2024 monthly Jan 2000 - Feb 2024
Portugal (USD mn) 2,077.7 Jan 2024 monthly Jan 1996 - Jan 2024
Qatar (USD mn) 7,030.8 Dec 2023 quarterly Mar 2011 - Dec 2023
Romania (USD mn) -1,683.7 Feb 2024 monthly Jun 2002 - Feb 2024
Russia (USD mn) 13,400.0 Mar 2024 monthly Jan 2012 - Mar 2024
Saudi Arabia (USD mn) 4,345.0 Dec 2023 quarterly Mar 2006 - Dec 2023
Serbia (USD mn) 139.7 Jan 2024 monthly Jan 2013 - Jan 2024
Singapore (USD mn) 25,500.6 Dec 2023 quarterly Mar 1986 - Dec 2023
Slovakia (USD mn) -146.1 Jan 2024 monthly Jan 1997 - Jan 2024
Slovenia (USD mn) 359.8 Apr 2023 monthly Jan 1994 - Apr 2023
South Africa (USD mn) -932.5 Mar 2023 quarterly Mar 1960 - Mar 2023
Spain (USD mn) 1,168.4 Dec 2023 monthly Jan 1990 - Dec 2023
Sri Lanka (USD mn) 237.2 Dec 2023 quarterly Mar 1977 - Dec 2023
Sudan (USD mn) -1,752.8 Dec 2022 quarterly Mar 1977 - Dec 2022
Sweden (USD mn) 10,956.8 Dec 2023 quarterly Mar 1975 - Dec 2023
Switzerland (USD mn) 17,338.7 Mar 2023 quarterly Mar 1983 - Mar 2023

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Iran Key Series

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Includes 159 key indicators for Iran, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.3 Mar 2021 quarterly Mar 2006 - Mar 2021
Consolidated Fiscal Balance (USD mn) -13,054.478 Mar 2020 quarterly Jun 2005 - Mar 2020
Tax Revenue (USD mn) 49,233.333 2020 yearly 1996 - 2020
Tax Revenue: % of GDP (%) 5.1 2020 yearly 1996 - 2020
Government Debt: % of GDP (%) 8.3 Sep 2023 quarterly Mar 1998 - Sep 2023
Forecast: Government Expenditure (IRR bn) 88,375,352.640 2029 yearly 1991 - 2029
Forecast: Government Net Debt (IRR bn) 201,591,565.280 2029 yearly 1997 - 2029
Forecast: Government Revenue (IRR bn) 49,697,235.080 2029 yearly 1991 - 2029
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) -0.334 2028 yearly 1980 - 2028
Trade Balance (USD mn) 22,668.0 2021 yearly 1948 - 2021
Total Exports (USD mn) 71,646.0 2021 yearly 1948 - 2021
Total Exports Growth (%) 52.7 2021 yearly 1949 - 2021
Aluminum: Exports (USD th) 960,124.146 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 74,489.339 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 118,020.140 2022 yearly 1995 - 2022
Total Imports (USD mn) 60,308.7 2023 yearly 1979 - 2023
Total Imports Growth (%) 13.8 2023 yearly 1980 - 2023
Imports: Medicament (USD th) 983,181.900 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 737,849.362 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 0.581 Dec 2023 monthly Feb 2016 - Dec 2023
Total Imports from USA (USD mn) 21.856 Dec 2023 monthly May 2001 - Dec 2023
Total Exports to China (USD mn) 381.980 Nov 2023 monthly Dec 1990 - Nov 2023
Total Imports from China (USD mn) 1,134.364 Dec 2023 monthly Jan 1981 - Dec 2023
Exports: Industrial Goods (IG) (USD mn) 34,704.000 2020 yearly 1979 - 2020
Exports: IG: Plastic Materials and Their Products (USD mn) 4,333.000 2020 yearly 2002 - 2020
Exports: Germany (USD mn) 233.060 2021 yearly 1995 - 2021
Exports: Iraq (USD mn) 7,448.430 2021 yearly 1995 - 2021
Exports: China (USD mn) 9,077.120 2021 yearly 1995 - 2021
Exports: Russia (USD mn) 504.580 2021 yearly 1995 - 2021
Exports (USD mn) 54,139.404 2023 yearly 1979 - 2023
Imports: Miscellaneous Finished Products (MF) (USD mn) 1,455.590 2021 yearly 1979 - 2021
Imports: Mineral Products, Fuels, Industrial Oils and Grease (MP) (USD mn) 487.690 2021 yearly 1979 - 2021
Imports: Machinery and Transportation Vehicles (MT) (USD mn) 13,616.510 2021 yearly 1979 - 2021
Imports: Foodstuffs and Live Animals (FA) (USD mn) 7,670.380 2021 yearly 1979 - 2021
Imports: Chemicals (USD mn) 6,212.880 2021 yearly 1979 - 2021
Imports: Natural Gas (Cub m bn) 0.300 2021 yearly 1974 - 2021
Imports: China (USD mn) 9,843.010 2021 yearly 1995 - 2021
Imports: Germany (USD mn) 1,851.170 2021 yearly 1995 - 2021
Imports: Turkey (USD mn) 4,400.090 2021 yearly 1995 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 156.0 2018 yearly 1997 - 2018
Current Account Balance (USD mn) 14,204.8 2023 yearly 1997 - 2023
Current Account Balance: % of GDP (%) 0.6 2023 yearly 1997 - 2023
Foreign Direct Investment (USD mn) 838.3 2021 yearly 1997 - 2021
Foreign Direct Investment: % of GDP (%) 0.1 2021 yearly 1997 - 2021
Foreign Portfolio Investment (USD mn) 45.600 2021 yearly 1997 - 2021
Foreign Portfolio Investment: % of GDP (%) 0.0 2020 yearly 1997 - 2020
External Debt (USD mn) 6,281.7 2023 yearly 1994 - 2023
External Debt: % of GDP (%) 0.3 2023 yearly 1994 - 2023
External Debt: Short Term (USD mn) 1,792.1 2023 yearly 1994 - 2023
External Debt: Short Term: % of GDP (%) 0.1 2023 yearly 1994 - 2023
Forecast: Current Account Balance (USD bn) 12.060 2028 yearly 1980 - 2028
BoP: CA: Goods (USD mn) 22,246.787 2023 yearly 1998 - 2023
BoP: CA: Services (USD mn) -6,691.163 2023 yearly 1998 - 2023
BoP: CA: Income (USD mn) -1,053.243 2023 yearly 1998 - 2023
BoP: CA: Income: Debit (USD mn) 1,770.800 2022 yearly 1998 - 2022
BoP: CA: Income: Credit (USD mn) 1,147.800 2021 yearly 1998 - 2021
BoP: CA: Current Transfers (USD mn) -297.584 2023 yearly 1998 - 2023
BoP: CA: Current Transfers: Credit (USD mn) 1,540.830 2022 yearly 1998 - 2022
BoP: CA: Current Transfers: Debit (USD mn) 387.400 2022 yearly 1998 - 2022
BoP: CA: CF: Capital Account: Debit (USD mn) -5,888.600 2021 yearly 1998 - 2021
BoP: CA: CF: Capital Account: Credit (USD mn) 0.000 2021 yearly 1998 - 2021
BoP: CA: Errors and Omissions (USD mn) 4,897.120 2023 yearly 1998 - 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 7.3 Sep 2023 monthly Jan 2011 - Sep 2023
Money Supply M1 (USD mn) 438,880.952 Jan 2024 monthly Dec 1999 - Jan 2024
Money Supply M2 (USD mn) 1,802,833.333 Jan 2024 monthly Dec 1999 - Jan 2024
M2 Growth (%) 25.4 Jan 2024 monthly Dec 2000 - Jan 2024
Reserve Requirement Ratio (%) 10.0 Feb 2024 monthly Mar 2008 - Feb 2024
Total Deposits (USD mn) 1,479.779 2022 yearly 1973 - 2022
Total Deposits Growth (%) 31.0 2022 yearly 1974 - 2022
Domestic Credit (USD mn) 276,897.2 Feb 2017 monthly Jan 1964 - Feb 2017
Domestic Credit Growth (%) 25.8 Feb 2017 monthly Jan 1965 - Feb 2017
Total Loans (USD mn) 236,845.352 2016 yearly 1967 - 2016
Total Loans Growth (%) 23.00 2016 yearly 1968 - 2016
Private Debt: % of Nominal GDP (%) 60.30 2016 yearly 1961 - 2016
Money Supply: M2: Quasi Money (IRR bn) 57,286,000.000 Jan 2024 monthly Dec 1999 - Jan 2024
Money Supply: Monetary Base (IRR bn) 10,335,100.000 Jan 2024 monthly Dec 1999 - Jan 2024
Money Supply: M2: M1 (IRR bn) 18,433,000.000 Jan 2024 monthly Dec 1999 - Jan 2024

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