Iran - Economic Indicators

Economic Overview

Iran's economy is marked by statist policies, inefficiencies, and reliance on oil and gas exports, but Iran also possesses significant agricultural, industrial, and service sectors. The Iranian government directly owns and operates hundreds of state-owned enterprises and indirectly controls many companies affiliated with the country's security forces. Distortions - including corruption, price controls, subsidies, and a banking system holding billions of dollars of non-performing loans - weigh down the economy, undermining the potential for private-sector-led growth. Private...

Continue reading View Factbook for Iran

GDP Reference Last Previous Units Frequency
Nominal Fixed Investment (gross fixed capital formation) 2017 3,046,790,322,000,000 2,664,000,000,000,000 NCU Annual
Real Fixed Investment (gross fixed capital formation) 2017 1,193,760,630,000,000 1,167,710,000,000,000 NCU Annual
Real Investment 2017 1,952,178,984,000,000 1,926,128,500,000,000 NCU Annual
Nominal Gross Domestic Product 2016 Q4 3,426,024,459,907,520 3,234,905,797,103,330 IRR, NSA Quarterly
Investment 2016 Q4 859,130,751,646,595 602,994,682,697,333 IRR, NSA Quarterly
Price Reference Last Previous Units Frequency
Consumer Price Index (CPI) Jul 2018 401.52 388.22 2010=100, NSA Monthly
Producer Price Index (PPI) Jan 2018 359.76 355.73 2010=100, NSA Monthly
Wholesale Price Index 2007 126.2 109.16 Index 2010 = 100 Annual
Labor Reference Last Previous Units Frequency
Agriculture Employment 2017 4,686,098 4,884,041 # Annual
Labor Force 2017 27,344,920 27,165,257 # Annual
Unemployment Rate 2017 13.1 12.43 % of total labor force Annual
Trade Reference Last Previous Units Frequency
Exports of Goods and Services 2017 3,526,958,998,000,000 2,946,412,000,000,000 NCU Annual
Imports of Goods and Services 2017 3,304,343,898,000,000 2,736,834,000,000,000 NCU Annual
Real Exports of Goods and Services 2017 2,150,589,065,000,000 2,004,638,000,000,000 NCU Annual
Real Imports of Goods and Services 2017 631,366,274,000,000 585,683,000,000,000 NCU Annual
Exports of Goods 2000 28,345,000,000 21,030,000,000 USD Annual
Current Account Balance 2000 12,481,000,000 6,555,000,000 USD Annual
Balance of Goods 2000 13,138,000,000 7,597,000,000 USD Annual
Imports of Goods 2000 15,207,000,000 13,433,000,000 USD Annual
Government Reference Last Previous Units Frequency
Government Expenditures 2023 7,977,936 7,049,970 Billions National Currency Annual
Government Revenues 2009 1,117,190,000,000,000 1,090,166,291,298,370 IRR Annual
Markets Reference Last Previous Units Frequency
Lending Rate Sep 2004 11.67 11.65 % - End of period Monthly
Business Reference Last Previous Units Frequency
Real Change in Inventories 2017 758,418,354,000,000 758,418,500,000,000 NCU Annual
Change in Inventories 2017 2,031,109,000,000,000 1,702,695,200,000,000 NCU Annual
Industrial Production Oct 2016 7,430,000,000 6,930,000,000 2010 USD, NSA Monthly
Demographics Reference Last Previous Units Frequency
Population 2017 81,162,788 80,277,428 # Annual
Death Rate 2016 4.51 4.55 # per Ths. pop. Annual
Birth Rate 2016 16.54 17.1 # per Ths. pop. Annual
Net Migration 2012 -400,001 # Annual

Factbook

Background

Background:
Known as Persia until 1935, Iran became an Islamic republic in 1979 after the ruling monarchy was overthrown and Shah Mohammad Reza PAHLAVI was forced into exile. Conservative clerical forces led by Ayatollah Ruhollah KHOMEINI established a theocratic system of government with ultimate political authority vested in a learned religious scholar referred to commonly as the Supreme Leader who, according to the constitution, is accountable only to the Assembly of Experts (AOE) - a popularly elected 86-member body of clerics. US-Iranian relations became strained when a group of Iranian students seized the US Embassy in Tehran in November 1979 and held embassy personnel hostages until mid-January 1981. The US cut off diplomatic relations with Iran in April 1980. During the period 1980-88, Iran fought a bloody, indecisive war with Iraq that eventually expanded into the Persian Gulf and led to clashes between US Navy and Iranian military forces. Iran has been designated a state sponsor of terrorism for its activities in Lebanon and elsewhere in the world and remains subject to US, UN, and EU economic sanctions and export controls because of its continued involvement in terrorism and concerns over possible military dimensions of its nuclear program. Following the election of reformer Hojjat ol-Eslam Mohammad KHATAMI as president in 1997 and a reformist Majles (legislature) in 2000, a campaign to foster political reform in response to popular dissatisfaction was initiated. The movement floundered as conservative politicians, supported by the Supreme Leader, unelected institutions of authority like the Council of Guardians, and the security services reversed and blocked reform measures while increasing security repression.
Starting with nationwide municipal elections in 2003 and continuing through Majles elections in 2004, conservatives reestablished control over Iran's elected government institutions, which culminated with the August 2005 inauguration of hardliner Mahmud AHMADI-NEJAD as president. His controversial reelection in June 2009 sparked nationwide protests over allegations of electoral fraud, but the protests were quickly suppressed. Deteriorating economic conditions due primarily to government mismanagement and international sanctions prompted at least two major economically based protests in July and October 2012, but Iran's internal security situation remained stable. President AHMADI-NEJAD's independent streak angered regime establishment figures, including the Supreme Leader, leading to conservative opposition to his agenda for the last year of his presidency, and an alienation of his political supporters. In June 2013 Iranians elected a moderate conservative cleric Dr. Hasan Fereidun RUHANI to the presidency. He is a longtime senior member in the regime, but has made promises of reforming society and Iran's foreign policy. The UN Security Council has passed a number of resolutions calling for Iran to suspend its uranium enrichment and reprocessing activities and comply with its IAEA obligations and responsibilities, and in July 2015 Iran and the five permanent members, plus Germany (P5+1) signed the Joint Comprehensive Plan of Action (JCPOA) under which Iran agreed to restrictions on its nuclear program in exchange for sanctions relief. Iran held elections in 2016 for the AOE and Majles, resulting in a conservative-controlled AOE and a Majles that many Iranians perceive as more supportive of the RUHANI administration than the previous, conservative-dominated body. RUHANI was reelected president in May 2017.

Geography

Location:
Middle East, bordering the Gulf of Oman, the Persian Gulf, and the Caspian Sea, between Iraq and Pakistan
Geographic coordinates:
32 00 N, 53 00 E
Map references:
Middle East
Area:
total: 1,648,195 sq km
land: 1,531,595 sq km
water: 116,600 sq km
country comparison to the world: 19
Area - comparative:
almost 2.5 times the size of Texas; slightly smaller than Alaska
Area comparison map:
Land boundaries:
total: 5,894 km
border countries (7): Afghanistan 921 km, Armenia 44 km, Azerbaijan 689 km, Iraq 1,599 km, Pakistan 959 km, Turkey 534 km, Turkmenistan 1,148 km
Coastline:
2,440 km; note - Iran also borders the Caspian Sea (740 km)
Maritime claims:
territorial sea: 12 nm
contiguous zone: 24 nm
exclusive economic zone: bilateral agreements or median lines in the Persian Gulf
continental shelf: natural prolongation
Climate:
mostly arid or semiarid, subtropical along Caspian coast
Terrain:
rugged, mountainous rim; high, central basin with deserts, mountains; small, discontinuous plains along both coasts
Elevation:
mean elevation: 1,305 m
elevation extremes: lowest point: Caspian Sea -28 m
highest point: Kuh-e Damavand 5,625 m
Natural resources:
petroleum, natural gas, coal, chromium, copper, iron ore, lead, manganese, zinc, sulfur
Land use:
agricultural land: 30.1%
arable land 10.8%; permanent crops 1.2%; permanent pasture 18.1%
forest: 6.8%
other: 63.1% (2011 est.)
Irrigated land:
95,530 sq km (2012)
Population - distribution:
population is concentrated in the north, northwest, and west, reflecting the position of the Zagros and Elburz Mountains; the vast dry areas in the center and eastern parts of the country, around the deserts of the Dasht-e Kavir and Dasht-e Lut, have a much lower population density
Natural hazards:
periodic droughts, floods; dust storms, sandstorms; earthquakes
Environment - current issues:
air pollution, especially in urban areas, from vehicle emissions, refinery operations, and industrial effluents; deforestation; overgrazing; desertification; oil pollution in the Persian Gulf; wetland losses from drought; soil degradation (salination); inadequate supplies of potable water; water pollution from raw sewage and industrial waste; urbanization
Environment - international agreements:
party to: Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Marine Dumping, Ozone Layer Protection, Ship Pollution, Wetlands
signed, but not ratified: Environmental Modification, Law of the Sea, Marine Life Conservation
Geography - note:
strategic location on the Persian Gulf and Strait of Hormuz, which are vital maritime pathways for crude oil transport

People & Society

Population:
82,021,564 (July 2017 est.)
country comparison to the world: 17
Nationality:
noun: Iranian(s)
adjective: Iranian
Ethnic groups:
Persian, Azeri, Kurd, Lur, Baloch, Arab, Turkmen and Turkic tribes
Languages:
Persian (official), Azeri Turkic and Turkic dialects, Kurdish, Gilaki and Mazandarani, Luri, Balochi, Arabic, other
Religions:
Muslim (official) 99.4% (Shia 90-95%, Sunni 5-10%), other (includes Zoroastrian, Jewish, and Christian) 0.3%, unspecified 0.4% (2011 est.)
religious affiliation:
Age structure:
0-14 years: 24.19% (male 10,154,424/female 9,690,512)
15-24 years: 14.69% (male 6,174,435/female 5,878,475)
25-54 years: 48.57% (male 20,316,773/female 19,522,673)
55-64 years: 7.22% (male 2,920,111/female 2,999,525)
65 years and over: 5.32% (male 2,026,594/female 2,338,042) (2017 est.)
population pyramid:
Dependency ratios:
total dependency ratio: 40.2
youth dependency ratio: 33.1
elderly dependency ratio: 7.1
potential support ratio: 14.2 (2015 est.)
Median age:
total: 30.3 years
male: 30 years
female: 30.5 years (2017 est.)
country comparison to the world: 114
Population growth rate:
1.24% (2017 est.)
country comparison to the world: 90
Birth rate:
17.9 births/1,000 population (2017 est.)
country comparison to the world: 101
Death rate:
5.3 deaths/1,000 population (2017 est.)
country comparison to the world: 183
Net migration rate:
-0.2 migrant(s)/1,000 population (2017 est.)
country comparison to the world: 111
Population distribution:
population is concentrated in the north, northwest, and west, reflecting the position of the Zagros and Elburz Mountains; the vast dry areas in the center and eastern parts of the country, around the deserts of the Dasht-e Kavir and Dasht-e Lut, have a much lower population density
Urbanization:
urban population: 74.4% of total population (2017)
rate of urbanization: 1.78% annual rate of change (2015-20 est.)
Major urban areas - population:
TEHRAN (capital) 8.432 million; Mashhad 3.014 million; Esfahan 1.88 million; Karaj 1.807 million; Shiraz 1.661 million; Tabriz 1.572 million (2015)
Sex ratio:
at birth: 1.05 male(s)/female
0-14 years: 1.05 male(s)/female
15-24 years: 1.05 male(s)/female
25-54 years: 1.04 male(s)/female
55-64 years: 0.97 male(s)/female
65 years and over: 0.86 male(s)/female
total population: 1.03 male(s)/female (2017 est.)
Maternal mortality ratio:
25 deaths/100,000 live births (2015 est.)
country comparison to the world: 123
Infant mortality rate:
total: 15.9 deaths/1,000 live births
male: 17 deaths/1,000 live births
female: 14.8 deaths/1,000 live births (2017 est.)
country comparison to the world: 99
Life expectancy at birth:
total population: 74 years
male: 72.7 years
female: 75.5 years (2017 est.)
country comparison to the world: 129
Total fertility rate:
1.97 children born/woman (2017 est.)
country comparison to the world: 124
Contraceptive prevalence rate:
77.4% (2010/11)
Health expenditures:
6.9% of GDP (2014)
country comparison to the world: 84
Physicians density:
1.49 physicians/1,000 population (2014)
Hospital bed density:
0.2 beds/1,000 population (2014)
Drinking water source:
improved:
urban: 97.7% of population
rural: 92.1% of population
total: 96.2% of population
unimproved:
urban: 2.3% of population
rural: 7.9% of population
total: 3.8% of population (2015 est.)
Sanitation facility access:
improved:
urban: 92.8% of population
rural: 82.3% of population
total: 90% of population
unimproved:
urban: 7.2% of population
rural: 17.7% of population
total: 10% of population (2015 est.)
HIV/AIDS - adult prevalence rate:
0.1% (2016 est.)
country comparison to the world: 103
HIV/AIDS - people living with HIV/AIDS:
66,000 (2016 est.)
country comparison to the world: 52
HIV/AIDS - deaths:
4,000 (2016 est.)
country comparison to the world: 34
Major infectious diseases:
degree of risk: intermediate
food or waterborne diseases: bacterial diarrhea
vectorborne diseases: Crimean-Congo hemorrhagic fever (2016)
Obesity - adult prevalence rate:
25.8% (2016)
country comparison to the world: 47
Children under the age of 5 years underweight:
4.1% (2011)
country comparison to the world: 93
Education expenditures:
3.4% of GDP (2016)
country comparison to the world: 119
Literacy:
definition: age 15 and over can read and write
total population: 86.8%
male: 91.2%
female: 82.5% (2015 est.)
School life expectancy (primary to tertiary education):
total: 15 years
male: 15 years
female: 15 years (2015)
Unemployment, youth ages 15-24:
total: 26.1%
male: 22.3%
female: 42.8% (2015 est.)
country comparison to the world: 47

Government

Country name:
conventional long form: Islamic Republic of Iran
conventional short form: Iran
local long form: Jomhuri-ye Eslami-ye Iran
local short form: Iran
former: Persia
etymology: name derives from the Avestan term "aryanam" meaning "Land of the noble [ones]"
Government type:
theocratic republic
Capital:
name: Tehran
geographic coordinates: 35 42 N, 51 25 E
time difference: UTC+3.5 (8.5 hours ahead of Washington, DC, during Standard Time)
daylight saving time: +1hr, begins fourth Wednesday in March; ends fourth Friday in September
Administrative divisions:
31 provinces (ostanha, singular - ostan); Alborz, Ardabil, Azarbayjan-e Gharbi (West Azerbaijan), Azarbayjan-e Sharqi (East Azerbaijan), Bushehr, Chahar Mahal va Bakhtiari, Esfahan, Fars, Gilan, Golestan, Hamadan, Hormozgan, Ilam, Kerman, Kermanshah, Khorasan-e Jonubi (South Khorasan), Khorasan-e Razavi (Razavi Khorasan), Khorasan-e Shomali (North Khorasan), Khuzestan, Kohgiluyeh va Bowyer Ahmad, Kordestan, Lorestan, Markazi, Mazandaran, Qazvin, Qom, Semnan, Sistan va Baluchestan, Tehran, Yazd, Zanjan
Independence:
1 April 1979 (Islamic Republic of Iran proclaimed); notable earlier dates: ca. 550 B.C. (Achaemenid (Persian) Empire established); A.D. 1501 (Iran reunified under the Safavid Dynasty); 1794 (beginning of Qajar Dynasty); 12 December 1925 (modern Iran established under the PAHLAVI Dynasty)
National holiday:
Republic Day, 1 April (1979)
Constitution:
history: previous 1906; latest adopted 24 October 1979, effective 3 December 1979
amendments: proposed by the supreme leader – after consultation with the Exigency Council – and submitted as an edict to the “Council for Revision of the Constitution,” a body consisting of various executive, legislative, judicial, and academic leaders and members; passage requires absolute majority vote in a referendum and approval of the supreme leader; articles including Iran’s political system, its religious basis, and its form of government cannot be amended; amended 1989 (2016)
Legal system:
religious legal system based on secular and Islamic law
International law organization participation:
has not submitted an ICJ jurisdiction declaration; non-party state to the ICCt
Citizenship:
citizenship by birth: no
citizenship by descent only: the father must be a citizen of Iran
dual citizenship recognized: no
residency requirement for naturalization: 5 years
Suffrage:
18 years of age; universal
Executive branch:
chief of state: Supreme Leader Ali Hoseini-KHAMENEI (since 4 June 1989)
head of government: President Hasan Fereidun RUHANI (since 3 August 2013); First Vice President Eshaq JAHANGIRI (since 5 August 2013)
cabinet: Council of Ministers selected by the president with legislative approval; the supreme leader has some control over appointments to several ministries
elections/appointments: supreme leader appointed for life by Assembly of Experts; president directly elected by absolute majority popular vote in 2 rounds if needed for a 4-year term (eligible for a second term and an additional nonconsecutive term); election last held on 19 May 2017 (next to be held in 2021)
election results: Hasan Fereidun RUHANI reelected president; percent of vote - Hasan Fereidun RUHANI (Moderation and Development Party) 58.8%, Ebrahim RAISI (Combat Clergy Association) 39.4% , Mostafa Mir-SALIM Islamic Coalition Party) 1.2%, Mostafa HASHEMI-TABA(Executives of Construction Party) 0.5%
note: 3 oversight bodies are also considered part of the executive branch of government
Legislative branch:
description: unicameral Islamic Consultative Assembly or Majles-e Shura-ye Eslami or Majles (290 seats; 285 members directly elected in single- and multi-seat constituencies by 2-round vote, and 1 seat each for Zoroastrians, Jews, Assyrian and Chaldean Christians, Armenians in the north of the country and Armenians in the South; members serve 4-year terms); note - all candidates to the Majles must be approved by the Guardians Council, a 12-member group of which 6 are appointed by the supreme leader and 6 are jurists nominated by the judiciary and elected by the Majles
elections: first round held on 26 February 2016 and second round for 68 remaining seats held on 29 April 2016; (next full Majles election to be held in 2020)
election results: percent of vote by coalition - List of Hope 37.2%, Principlists Grand Coalition 25.9%, People's Voice Coalition 4.5%, joint Hope/People’s Voice 4.1%, joint People’s Voice/Principlist 0.3%, religious minorities 1.7%, independent 26.4%; seats by coalition - List of Hope 108, Principlists Grand Coalition 75, People's Voice Coalition 13, joint Hope/People’s Voice 12, joint People’s Voice/Principlist 1, religious minorities 5, independent 76
Judicial branch:
highest court(s): Supreme Court (consists of the president and NA judges)
judge selection and term of office: Supreme Court president appointed by the head of the High Judicial Council (HJC), a 5-member body to include the Supreme Court chief justice, the prosecutor general, and 3 clergy, in consultation with judges of the Supreme Court; president appointed for a 5-year term; other judges appointed by the HJC; judge tenure NA
subordinate courts: Penal Courts I and II; Islamic Revolutionary Courts; Courts of Peace; Special Clerical Court (functions outside the judicial system and handles cases involving clerics); military courts
Political parties and leaders:
Islamic Coalition Party
Moderation and Development Party
Executives of Construction Party
Combat Clergy Association;;;; Followers of Walayat [Ali LARIJANI]
Front of Islamic Revolutionary Stability [Morteza AGHA-TEHRANI, general secretary]
Pervasive Coalition of Reformists: The Second Step [Ali SOUFI, chairman] (includes Council for Coordinating the Reforms Front, National Trust Party, Union of Islamic Iran People Party, Moderation and Development Party)
Principlists Grand Coalition [Alireza ZAKANI] (includes Combatant Clergy Association and Islamic Coalition Party, Society of Devotees and Pathseekers of the Islamic Revolution, Front of Islamic Revolution Stability)
Progress and Justice Population of Islamic Iran or PJP [Hossein GHORBANZADEH, General Secretary]
Resistance Front of Islamic Iran [Yadollah HABIBI, general secretary]
Political pressure groups and leaders:
political groups that support the Islamic Republic: Ansar-e Hizballah
Democracy Party (Hezb-e Mardom Salari)
Executives of Construction Party (Kargozaran)
Followers of the Guardianship of the Jurisprudent (Rahrovan)
Followers of the Line of the Imam and the Leader (Peyrovan)
Islamic Iran Freedom Party (Hezb-e Azadegi)
Islamic Coalition Party (Motalefeh)
Islamic Labor Party (Hezb-e Kar)
Militant Clerics Society or MCS (Ruhaniyun)
Moderation and Development Party (Hezb-e Etedal va Tose-eh)
Nation of Iran Unity Party (Hezb-e Etehad)
National Trust Party (Hezb-e Etemad-e Meli)
Qom Theological Lecturers Association
Reform Front Coordination Council (Shora-ye Hamahangi Eslahat)
Society of Devotees (Isargaran)
Society of Modern Thinking Muslim Women of Iran (Jamiat-e Zanan-e Noandish)
Steadfastness Front (Paydari)
Tehran Militant Clergy Association or MCA (Ruhaniyat)
Voice of Iranians (Neda)
Wayfarers of the Islamic Revolution (Rahpuyan);
armed political groups repressed by the government: Democratic Party of Iranian Kurdistan or KDPI
Harekat-e Ansar-e Iran (splinter faction of Jundallah)
Jaysh l-Adl (formerly known as Jundallah)
Komala
Mojahedin-e Khalq Organization or MEK (MKO)
People's Fedayeen
People's Free Life Party of Kurdistan or PJAK
International organization participation:
CICA, CP, D-8, ECO, FAO, G-15, G-24, G-77, IAEA, IBRD, ICAO, ICC (national committees), ICRM, IDA, IDB, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, MIGA, NAM, OIC, OPCW, OPEC, PCA, SAARC (observer), SCO (observer), UN, UNAMID, UNCTAD, UNESCO, UNHCR, UNIDO, UNITAR, UNWTO, UPU, WCO, WFTU (NGOs), WHO, WIPO, WMO, WTO (observer)
Diplomatic representation in the US:
none; note - Iran has an Interests Section in the Pakistani Embassy; address: Iranian Interests Section, Pakistani Embassy, 2209 Wisconsin Avenue NW, Washington, DC 20007; telephone: [1] (202) 965-4990; FAX [1] (202) 965-1073
Diplomatic representation from the US:
none; note - the US Interests Section is located in the Embassy of Switzerland, No. 39 Shahid Mousavi (Golestan 5th), Pasdaran Ave., Tehran, Iran; telephone [98] 21 2254 2178/2256 5273; FAX [98] 21 2258 0432
Flag description:
three equal horizontal bands of green (top), white, and red; the national emblem (a stylized representation of the word Allah in the shape of a tulip, a symbol of martyrdom) in red is centered in the white band; ALLAH AKBAR (God is Great) in white Arabic script is repeated 11 times along the bottom edge of the green band and 11 times along the top edge of the red band; green is the color of Islam and also represents growth, white symbolizes honesty and peace, red stands for bravery and martyrdom
National symbol(s):
lion; national colors: green, white, red
National anthem:
name: "Soroud-e Melli-ye Jomhouri-ye Eslami-ye Iran" (National Anthem of the Islamic Republic of Iran)
lyrics/music: multiple authors/Hassan RIAHI
note: adopted 1990

Economy

Economy - overview:
Iran's economy is marked by statist policies, inefficiencies, and reliance on oil and gas exports, but Iran also possesses significant agricultural, industrial, and service sectors. The Iranian government directly owns and operates hundreds of state-owned enterprises and indirectly controls many companies affiliated with the country's security forces. Distortions - including corruption, price controls, subsidies, and a banking system holding billions of dollars of non-performing loans - weigh down the economy, undermining the potential for private-sector-led growth.
Private sector activity includes small-scale workshops, farming, some manufacturing, and services, in addition to medium-scale construction, cement production, mining, and metalworking. Significant informal market activity flourishes and corruption is widespread.
The lifting of most nuclear-related sanctions under the Joint Comprehensive Plan of Action (JCPOA) in January 2016 sparked a restoration of Iran’s oil production and revenue that drove rapid GDP growth, but economic growth declined in 2017 as oil production plateaued. The economy continues to suffer from low levels of investment and declines in productivity since before the JCPOA, and from high levels of unemployment, especially among women and college-educated Iranian youth.
In May 2017, the re-election of President Hasan RUHANI generated widespread public expectations that the economic benefits of the JCPOA would expand and reach all levels of society. RUHANI will need to implement structural reforms that strengthen the banking sector and improve Iran’s business climate to attract foreign investment and encourage the growth of the private sector. Sanctions that are not related to Iran’s nuclear program remain in effect, and these—plus fears over the possible re-imposition of nuclear-related sanctions—will continue to deter foreign investors from engaging with Iran.
GDP (purchasing power parity):
$1.631 trillion (2017 est.)
$1.576 trillion (2016 est.)
$1.401 trillion (2015 est.)
note: data are in 2017 dollars
country comparison to the world: 19
GDP (official exchange rate):
$427.7 billion (2017 est.)
GDP - real growth rate:
3.5% (2017 est.)
12.5% (2016 est.)
-1.6% (2015 est.)
country comparison to the world: 88
GDP - per capita (PPP):
$20,000 (2017 est.)
$19,600 (2016 est.)
$17,600 (2015 est.)
note: data are in 2017 dollars
country comparison to the world: 88
Gross national saving:
41.5% of GDP (2017 est.)
37.6% of GDP (2016 est.)
37.3% of GDP (2015 est.)
country comparison to the world: 7
GDP - composition, by end use:
household consumption: 50.2%
government consumption: 13.3%
investment in fixed capital: 21.3%
investment in inventories: 14.1%
exports of goods and services: 22.5%
imports of goods and services: -21.3% (2017 est.)
GDP - composition, by sector of origin:
agriculture: 9.8%
industry: 35.9%
services: 54.3% (2017 est.)
Agriculture - products:
wheat, rice, other grains, sugar beets, sugarcane, fruits, nuts, cotton; dairy products, wool; caviar
Industries:
petroleum, petrochemicals, gas, fertilizer, caustic soda, textiles, cement and other construction materials, food processing (particularly sugar refining and vegetable oil production), ferrous and nonferrous metal fabrication, armaments
Industrial production growth rate:
7.1% (2017 est.)
country comparison to the world: 24
Labor force:
30.5 million
note: shortage of skilled labor (2017 est.)
country comparison to the world: 22
Labor force - by occupation:
agriculture: 16.3%
industry: 35.1%
services: 48.6% (2013 est.)
Unemployment rate:
12.4% (2017 est.)
12.5% (2016 est.)
note: data are Iranian government numbers
country comparison to the world: 161
Population below poverty line:
18.7% (2007 est.)
Household income or consumption by percentage share:
lowest 10%: 2.6%
highest 10%: 29.6% (2005 est.)
Distribution of family income - Gini index:
44.5 (2006 est.)
country comparison to the world: 45
Budget:
revenues: $77.22 billion
expenditures: $86.26 billion (2017 est.)
Taxes and other revenues:
18.1% of GDP (2017 est.)
country comparison to the world: 167
Budget surplus (+) or deficit (-):
-2.1% of GDP (2017 est.)
country comparison to the world: 91
Public debt:
14.2% of GDP (2017 est.)
13.4% of GDP (2016 est.)
note: includes publicly guaranteed debt
country comparison to the world: 195
Fiscal year:
21 March - 20 March
Inflation rate (consumer prices):
10.5% (2017 est.)
9% (2016 est.)
note: official Iranian estimate
country comparison to the world: 204
Central bank discount rate:
NA%
Commercial bank prime lending rate:
13% (31 December 2017 est.)
18% (31 December 2016 est.)
country comparison to the world: 60
Stock of narrow money:
$51.61 billion (31 December 2017 est.)
$47.59 billion (31 December 2016 est.)
country comparison to the world: 55
Stock of broad money:
$436.3 billion (31 December 2017 est.)
$366 billion (31 December 2016 est.)
country comparison to the world: 26
Stock of domestic credit:
$366.1 billion (31 December 2017 est.)
$315.4 billion (31 December 2016 est.)
country comparison to the world: 33
Market value of publicly traded shares:
$89.43 billion (31 December 2015 est.)
$116.6 billion (31 December 2014 est.)
$345.8 billion (31 December 2013 est.)
country comparison to the world: 41
Current account balance:
$21.6 billion (2017 est.)
$16.39 billion (2016 est.)
country comparison to the world: 16
Exports:
$91.99 billion (2017 est.)
$83.98 billion (2016 est.)
country comparison to the world: 38
Exports - commodities:
petroleum 60%, chemical and petrochemical products, fruits and nuts, carpets, cement, ore
Exports - partners:
China 30.1%, India 16.7%, South Korea 9.7%, Turkey 9.5%, Japan 6.8% (2016)
Imports:
$70.53 billion (2017 est.)
$63.14 billion (2016 est.)
country comparison to the world: 43
Imports - commodities:
industrial supplies, capital goods, foodstuffs and other consumer goods, technical services
Imports - partners:
UAE 27.4%, China 13.2%, Turkey 7.8%, South Korea 4.3%, Germany 4% (2016)
Reserves of foreign exchange and gold:
$132.6 billion (31 December 2017 est.)
$133.7 billion (31 December 2016 est.)
country comparison to the world: 20
Debt - external:
$10.56 billion (31 December 2017 est.)
$8.196 billion (31 December 2016 est.)
country comparison to the world: 112
Stock of direct foreign investment - at home:
$50.33 billion (31 December 2017 est.)
$46.02 billion (31 December 2016 est.)
country comparison to the world: 58
Stock of direct foreign investment - abroad:
$5.226 billion (31 December 2017 est.)
$4.656 billion (31 December 2016 est.)
country comparison to the world: 71
Exchange rates:
Iranian rials (IRR) per US dollar -
32,769.7 (2017 est.)
30,914.9 (2016 est.)
30,914.9 (2015 est.)
29,011.5 (2014 est.)
25,912 (2013 est.)

Energy

Electricity access:
population without electricity: 1,100,000
electrification - total population: 98.6%
electrification - urban areas: 100%
electrification - rural areas: 95% (2013)
Electricity - production:
265.1 billion kWh (2015 est.)
country comparison to the world: 17
Electricity - consumption:
220.9 billion kWh (2015 est.)
country comparison to the world: 19
Electricity - exports:
6.822 billion kWh (2015 est.)
country comparison to the world: 29
Electricity - imports:
4.148 billion kWh (2015 est.)
country comparison to the world: 46
Electricity - installed generating capacity:
72.94 million kW (2015 est.)
country comparison to the world: 16
Electricity - from fossil fuels:
83.2% of total installed capacity (2015 est.)
country comparison to the world: 80
Electricity - from nuclear fuels:
1.3% of total installed capacity (2015 est.)
country comparison to the world: 31
Electricity - from hydroelectric plants:
13.9% of total installed capacity (2015 est.)
country comparison to the world: 109
Electricity - from other renewable sources:
0.2% of total installed capacity (2015 est.)
country comparison to the world: 161
Crude oil - production:
4.068 million bbl/day (2016 est.)
country comparison to the world: 5
Crude oil - exports:
1.342 million bbl/day (2014 est.)
country comparison to the world: 12
Crude oil - imports:
33,710 bbl/day (2014 est.)
country comparison to the world: 59
Crude oil - proved reserves:
158.4 billion bbl (1 January 2017 est.)
country comparison to the world: 4
Refined petroleum products - production:
1.801 million bbl/day (2014 est.)
country comparison to the world: 12
Refined petroleum products - consumption:
1.922 million bbl/day (2015 est.)
country comparison to the world: 13
Refined petroleum products - exports:
272,600 bbl/day (2014 est.)
country comparison to the world: 28
Refined petroleum products - imports:
47,750 bbl/day (2014 est.)
country comparison to the world: 85
Natural gas - production:
184.8 billion cu m (2015 est.)
country comparison to the world: 3
Natural gas - consumption:
186 billion cu m (2015 est.)
country comparison to the world: 9
Natural gas - exports:
8.38 billion cu m (2015 est.)
country comparison to the world: 25
Natural gas - imports:
9.55 billion cu m (2015 est.)
country comparison to the world: 29
Natural gas - proved reserves:
33.5 trillion cu m (1 January 2017 est.)
country comparison to the world: 2
Carbon dioxide emissions from consumption of energy:
650.4 million Mt (2014 est.)
country comparison to the world: 8

Communications

Telephones - fixed lines:
total subscriptions: 30,696,568
subscriptions per 100 inhabitants: 37 (July 2016 est.)
country comparison to the world: 10
Telephones - mobile cellular:
total: 80,520,249
subscriptions per 100 inhabitants: 98 (July 2016 est.)
country comparison to the world: 20
Telephone system:
general assessment: currently being modernized and expanded with the goal of not only improving the efficiency and increasing the volume of the urban service but also bringing telephone service to several thousand villages not presently connected
domestic: heavy investment by Iran's state-owned telecom company has greatly improved and expanded both the fixed-line and mobile cellular networks; a huge percentage of the cell phones in the market have been smuggled into the country
international: country code - 98; submarine fiber-optic cable to UAE with access to Fiber-Optic Link Around the Globe (FLAG); Trans-Asia-Europe (TAE) fiber-optic line runs from Azerbaijan through the northern portion of Iran to Turkmenistan with expansion to Georgia and Azerbaijan; HF radio and microwave radio relay to Turkey, Azerbaijan, Pakistan, Afghanistan, Turkmenistan, Syria, Kuwait, Tajikistan, and Uzbekistan; satellite earth stations - 13 (9 Intelsat and 4 Inmarsat) (2015)
Broadcast media:
state-run broadcast media with no private, independent broadcasters; Islamic Republic of Iran Broadcasting (IRIB), the state-run TV broadcaster, operates 19 nationwide channels including a news channel, about 34 provincial channels, and several international channels; about 20 foreign Persian-language TV stations broadcasting on satellite TV are capable of being seen in Iran; satellite dishes are illegal and, while their use is subjectively tolerated, authorities confiscate satellite dishes from time to time; IRIB operates 16 nationwide radio networks, a number of provincial stations, and an external service; most major international broadcasters transmit to Iran (2018)
Internet country code:
.ir
Internet users:
total: 36.07 million
percent of population: 44.1% (July 2016 est.)
country comparison to the world: 21

Transportation

National air transport system:
number of registered air carriers: 15
inventory of registered aircraft operated by air carriers: 228
annual passenger traffic on registered air carriers: 15,003,958
annual freight traffic on registered air carriers: 107,184,869 mt-km (2015)
Civil aircraft registration country code prefix:
EP (2016)
Airports:
319 (2013)
country comparison to the world: 22
Airports - with paved runways:
total: 140
over 3,047 m: 42
2,438 to 3,047 m: 29
1,524 to 2,437 m: 26
914 to 1,523 m: 36
under 914 m: 7 (2017)
Airports - with unpaved runways:
total: 179
over 3,047 m: 1
2,438 to 3,047 m: 2
1,524 to 2,437 m: 9
914 to 1,523 m: 135
under 914 m: 32 (2013)
Heliports:
26 (2013)
Pipelines:
condensate 7 km; condensate/gas 973 km; gas 20,794 km; liquid petroleum gas 570 km; oil 8,625 km; refined products 7,937 km (2013)
Railways:
total: 8,483.5 km
broad gauge: 94 km 1.676-m gauge
standard gauge: 8,389.5 km 1.435-m gauge (189.5 km electrified) (2014)
country comparison to the world: 25
Roadways:
total: 198,866 km
paved: 160,366 km (includes 1,948 km of expressways)
unpaved: 38,500 km (2010)
country comparison to the world: 27
Waterways:
850 km (on Karun River; some navigation on Lake Urmia) (2012)
country comparison to the world: 69
Merchant marine:
total: 739
by type: bulk carrier 32, container ship 28, general cargo 340, oil tanker 26, other 313 (2017)
country comparison to the world: 30
Ports and terminals:
major seaport(s): Bandar-e Asaluyeh, Bandar Abbas, Bandar Emam
container port(s) (TEUs): Bandar Abbas (2,752,460)

Military & Security

Military expenditures:
2.69% of GDP (2015)
2.33% of GDP (2014)
2.35% of GDP (2013)
2.81% of GDP (2012)
2.41% of GDP (2011)
country comparison to the world: 32
Military branches:
Islamic Republic of Iran Regular Forces (Artesh): Ground Forces, Navy, Air Force (IRIAF), Khatemolanbia Air Defense Headquarters; Islamic Revolutionary Guard Corps (Sepah-e Pasdaran-e Enqelab-e Eslami, IRGC): Ground Resistance Forces, Navy, Aerospace Force, Qods Force (special operations); Law Enforcement Forces (2015)
Military service age and obligation:
18 years of age for compulsory military service; 16 years of age for volunteers; 17 years of age for Law Enforcement Forces; 15 years of age for Basij Forces (Popular Mobilization Army); conscript military service obligation is 18 months; women exempt from military service (2012)

Transnational Issues

Disputes - international:
Iran protests Afghanistan's limiting flow of dammed Helmand River tributaries during drought; Iraq's lack of a maritime boundary with Iran prompts jurisdiction disputes beyond the mouth of the Shatt al Arab in the Persian Gulf; Iran and UAE dispute Tunb Islands and Abu Musa Island, which are occupied by Iran; Azerbaijan, Kazakhstan, and Russia ratified Caspian seabed delimitation treaties based on equidistance, while Iran continues to insist on a one-fifth slice of the sea; Afghan and Iranian commissioners have discussed boundary monument densification and resurvey
Refugees and internally displaced persons:
refugees (country of origin): 28,268 (Iraq) (2016); 2.5-3.0 (1 million registered, 1.5-2.0 million undocumented) (Afghanistan) (2017)
Trafficking in persons:
current situation: Iran is a source, transit, and destination country for men, women, and children subjected to sex trafficking and forced labor; organized groups sex traffic Iranian women and children in Iran and to the UAE and Europe; the transport of girls from and through Iran en route to the Gulf for sexual exploitation or forced marriages is on the rise; Iranian children are also forced to work as beggars, street vendors, and in domestic workshops; Afghan boys forced to work in construction or agriculture are vulnerable to sexual abuse by their employers; Pakistani and Afghan migrants being smuggled to Europe often are subjected to forced labor, including debt bondage
tier rating: Tier 3 – Iran does not comply with the minimum standards for the elimination of trafficking, and is not making significant efforts to do so; the government does not share information on its anti-trafficking efforts, but publically available information from NGOs, the media, and international organizations indicates that Iran is not taking adequate measures to address its trafficking problems, particularly protecting victims; Iranian law does not prohibit all forms of human trafficking; female victims find it extremely difficult to get justice because Iranian courts accord women’s testimony half the weight of men's, and female victims of sexual abuse, including trafficking, are likely to be prosecuted for adultery; the government did not identify or provide protection services to any victims and continued to punish victims for unlawful acts committed as a direct result of being trafficked; the government made some effort to cooperate with neighboring governments and an international organization to combat human trafficking and other crimes (2015)
Illicit drugs:
despite substantial interdiction efforts and considerable control measures along the border with Afghanistan, Iran remains one of the primary transshipment routes for Southwest Asian heroin to Europe; suffers one of the highest opiate addiction rates in the world, and has an increasing problem with synthetic drugs; regularly enforces the death penalty for drug offences; lacks anti-money laundering laws; has reached out to neighboring countries to share counter-drug intelligence

Economic Indicators for Iran including actual values, historical data, and latest data updates for the Iran economy.