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This paper aims to present empirical analysis of Iranian economic growth from1950 to 2018 using data from the World Bank, Madison Data Bank, StatisticalCenter of Iran, and Central Bank of Iran. The results show that Gross DomesticProduct (GDP) per capital increased by 2 percent annually during this time,however this indicator has had a huge fluctuation over time. In addition, theeconomic growth of Iran and oil revenue have close relationship with eachother. In fact, whenever oil crises happen, great fluctuation in growth rateand other indicators happened subsequently. Even though the shares of othersectors like industry and services in GDP have increased over time, the oilsector still plays a key role in the economic growth of Iran. Moreover, growthaccounting analysis shows contribution of capital plays a significant role ineconomic growth of Iran. Furthermore, based on growth accounting framework thesteady state of effective capital is 4.27 for Iran's economy.

Identifying the Main Factors of Iran's Economic Growth using Growth Accounting Framework