Data Shows Iran’s Economy Did Not Collapse Before US-Israeli Strikes

Recent data comparing economic trends between Iran and Australia challenges the narrative that Iran’s economy collapsed prior to the recent US-Israeli attacks.

According to the chart, which tracks changes in GDP per capita from 2008 to 2025, Iran’s economic performance closely mirrors that of Australia. Both countries show similar growth patterns over the period, with indexed GDP per capita values reaching 115.73 for Iran and 115.51 for Australia by 2025.

The data is based on figures from the International Monetary Fund and uses constant 2010 US dollars, with 2008 set as the base year (index = 100). The calculations were conducted by Steve Hanke of Johns Hopkins University.

The findings are being cited as evidence against what some describe as Western media narratives suggesting a collapse of Iran’s economy. Instead, the data indicates that Iran maintained a growth trajectory comparable to a developed economy like Australia over the same period.

Steve Hanke also highlighted what he calls the “95% Rule,” stating that 95% of what appears in the financial press is either wrong or irrelevant.