Iran


Iran Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Iran; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bank The Central Bank of the Islamic Republic of Iran
International Reserves N/A
Gross Domestic Product - GDP US$ 496.243 billion (2010 estimate)
GDP (Purchasing Power Parity) 1.007 trillion of International dollars (2010 estimate)
Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
3.7% 7.5% 7.2% 5.1% 4.7% 5.8% 7.8% 0.6%
2009 2010 2011 2012*
4% 5.9% 2% 0.4%

*Estimate

GDP per capita - current prices US$ 6,445 (2010 estimate)
GDP per capita - PPP $13,072 International Dollars (2010 estimate)
GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
1.01% 1.05% 1.03% 1.27% 1.13%

**Forecast

GDP - composition by sector
  • agriculture: 11.2% 
  • industry: 40.6% 
  • services: 48.2% (2011 estimate)
  • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP) N/A

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
10.8%(2008) 12.4% 21.3% 21.8%

*Estimate

Unemployment rate
2009 2010 2011 2012*
11.9% 13.5% 15.1%(2009) 16.7%

*Estimate

Household saving rates N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
13.3% 14.7% 16.7% 12.7% 10.4%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
0.7% 1.1% 1.6% 0.2% -0.3%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: N/A

Moody's rating: N/A

Moody's outlook: N/A

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
US$63.3 billion US$86.62 billion US$107.2 billion
Largest companies in Iran N/A
DATA ON TRADE AND COMPETITIVENESS
Current account balance US$ 32.7 billion (2010 estimate)(After 2008)
Current account balance by percentage of GDP 6.6% of GDP (2010 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

N/A

(Data released on April 2012)

Shares in world total merchandising export 0.72%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export 0.21% (2010)(2007)

(Data were released in 2012)

Total exports US$66.37 billion (2012 estimate) 
Export commodities petroleum 80%, chemical and petrochemical products, fruits and nuts, carpets
Total imports US$66.97 billion (2012 estimate) 
Import commodities industrial supplies, capital goods, foodstuffs and other consumer goods, technical services
Exports - major partners China 21%, India 9.3%, Japan 8.9%, Turkey 8.7%, South Korea 7.9%, Italy 5.2% (2011)
Imports - major partners UAE 30.6%, China 17.2%, South Korea 8.4%, Germany 4.8%, Turkey 4.2% (2011)
FDI inflows
2009 2010 2011
US$3,048 million US$3,648 million(2009) US$4,150 million(2009)
FDI outflows
2009 2010 2011
US$356 million US$346 million US$360 million
Value of cross-border M&A, by country of purchaser
2008 2009 2010 2011
N/A N/A(2009) N/A(2009) N/A
Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2011

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 145 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 87 out of 185 countries(2009)

Enforcing Contracts: 53 out of 185 countries

Registering Property: 165 out of 185 countries

Getting credit: 83 out of 185 countries

Protecting investors: 150 out of 185 countries

Trading across border: 143 out of 185 countries

Paying Taxes: 129 out of 185 countries

Dealing with Construction Permits: 166 out of 185 countries

Getting Electricity: 163 out of 185 countries

Resolving Insolvency: 126 out of 185 countries

(2013)

Global competitiveness ranking
(ranking by country on a basis of 144, the first is the best)
66

(2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 171 Score: 42.3 (Repressed) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zone UTC+3.5
Total area 1,648,195 km2 (2006)
Capital Tehran (2009)
Currency Iranian rials (IRR) (2009)
Government type theocratic republic (2009)
Languages Persian and Persian dialects 58%, Turkic and Turkic dialects 26%, Kurdish 9%, Luri 2%, Balochi 1%, Arabic 1%, Turkish 1%, other 2%
Religions Muslim 98% (Shia 89%, Sunni 9%), other (includes Zoroastrian, Jewish, Christian, and Baha'i) 2%
Total population
1980 1990 2000 2012* 2017**
38.35 million 54.5 million 63.66 million 76.12 million 81.14 million

*Estimate    **Forecast

Urban population as % of total population
1960 1980 2000 2011
33.7% 49.7% 64.2% 69.1%
Population median age 27 years (2010)
Population growth rate 1.1% (2011)
Life expectancy 73 years (2010)
Adult literacy 85% (2005/2010)
% of population living on less than $2 a day 8.03% (2011)
Inequality of wealth distribution (Gini index)

38.28 (2005)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:6
Civil Liberties:6 (2011)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

112.05% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population 21% (Data were released in 2012 and refer to 2011)
Cost of living - Mercer index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Tehran: 130th (2011)

CO2 emissions
(Metric tons of CO2 per capita)

8.2319 (Data were released in 2012 and refer to 2009)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST EMERGING MARKET BANKS

2011:
  • COUNTRY WINNERS Bank Melli Iran (National, 2011)
2010:
  • COUNTRY WINNERS Bank Tejarat (National, 2010)
2009:
  • COUNTRY WINNERS Parsian Bank (National, 2009)

WORLD'S BIGGEST BANKS

2010:
  • BIGGEST BANK IN MIDDLE EAST Bank Melli Iran (National, 2010)

TOP 200 EMERGING MARKETS BANKS

2010:
  • OVERALL BIGGEST Bank Melli Iran (National, 2010)
  • OVERALL BIGGEST Bank Mellat (National, 2010)
  • OVERALL BIGGEST Bank Saderat Iran (National, 2010)
  • OVERALL BIGGEST Bank Tejarat (National, 2010)
  • OVERALL BIGGEST Parsian Bank (Stanley Fischer, 2010)
  • OVERALL BIGGEST Bank Maskan (National, 2010)
  • OVERALL BIGGEST Bank Keshavarzi (National, 2010)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE