The impact of international sanctions on Iran's economy

How US and international sanctions on Iran marked a turning point in the deterioration of its economy

Diana Estefanía Rubio

The impact of international sanctions on Iran's economy

This graph shows a summary of Iran’s GDP growth in response to the tightening or lifting of economic sanctions, and thus the extent of their impact on Iran’s position towards reaching an agreement to limit Tehran's nuclear activities over the past decade.

According to available figures by the International Monetary Fund, it is clear how the Iranian economy witnessed the beginning of its deterioration in 2012 with the tightening of US and international sanctions, leading to the nuclear agreement in 2015 during the term of former US President Barack Obama.

Afterwards, it started to recover, reaching a growth peak in 2016.

With the cancellation of the agreement and the reinstating of harsh sanctions during President Donald Trump's term, GDP growth rates deteriorated again in 2018 and 2019.

font change

Related Articles