  This paper aims to present empirical analysis of Iranian economic growth from
1950 to 2018 using data from the World Bank, Madison Data Bank, Statistical
Center of Iran, and Central Bank of Iran. The results show that Gross Domestic
Product (GDP) per capital increased by 2 percent annually during this time,
however this indicator has had a huge fluctuation over time. In addition, the
economic growth of Iran and oil revenue have close relationship with each
other. In fact, whenever oil crises happen, great fluctuation in growth rate
and other indicators happened subsequently. Even though the shares of other
sectors like industry and services in GDP have increased over time, the oil
sector still plays a key role in the economic growth of Iran. Moreover, growth
accounting analysis shows contribution of capital plays a significant role in
economic growth of Iran. Furthermore, based on growth accounting framework the
steady state of effective capital is 4.27 for Iran's economy.
