Agriculture > products
wheat, rice, other grains, sugar beets, fruits, nuts, cotton; dairy products, wool; caviar |
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Aid as % of GDP
|
0.1% |
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[121st of 129]
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Definition: Economy > Aid as % of GDP |
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Debt > External
|
$20,680,000,000.00 |
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[68th of 136]
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Definition: Economy > Debt > External |
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Distribution of family income > Gini index
|
44.5 |
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[7th of 43]
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Definition: Economy > Distribution of family income > Gini index |
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Economic freedom
|
0.85 |
|
[147th of 156]
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Definition: Economy > Economic freedom |
Economy > Overview
Iran's economy is marked by an inefficient state sector, reliance on the oil sector (which provides 85% of government revenues), and statist policies that create major distortions throughout. Most economic activity is controlled by the state. Private sector activity is typically small-scale workshops, farming, and services. President Mahmud AHMADI-NEJAD failed to make any notable progress in fulfilling the goals of the nation's latest five-year plan. A combination of price controls and subsidies, particularly on food and energy, continue to weigh down the economy, and administrative controls, widespread corruption, and other rigidities undermine the potential for private-sector-led growth. As a result of these inefficiencies, significant informal market activity flourishes and shortages are common. High oil prices in recent years have enabled Iran to amass nearly $70 billion in foreign exchange reserves. Yet this increased revenue has not eased economic hardships, which include double-digit unemployment and inflation - inflation climbed to 26% as of June 2008. The economy has seen only moderate growth. Iran's educated population, economic inefficiency and insufficient investment - both foreign and domestic - have prompted an increasing number of Iranians to seek employment overseas, resulting in significant "brain drain." |
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Definition: Economy > Economy > Overview |
Exchange rates
rials per US dollar - 8,614 (2004), 8,193.9 (2003), 6,907 (2002), 1,753.6 (2001), 1,764.4 (2000) |
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Definition: Economy > Exchange rates |
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Exports
|
$88,260,000,000.00 |
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[36th of 189]
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Definition: Economy > Exports |
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GDP
|
$222,889,500,000.00 |
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[28th of 203]
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Definition: Economy > GDP |
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GDP > PPP
|
$505,019,000,000.00 |
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[21st of 163]
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Definition: Economy > GDP > PPP |
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GDP > Real growth rate
|
6.2% |
|
[71st of 198]
|
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Definition: Economy > GDP > Real growth rate |
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GDP growth > annual %
|
4.36 annual %
|
|
[93rd of 187]
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Definition: Economy > GDP growth > annual % |
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GINI index
|
43
|
|
[19th of 40]
|
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Definition: Economy > GINI index |
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Human Development Index
|
0.736 |
|
[99th of 178]
|
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Definition: Economy > Human Development Index |
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Inflation rate (consumer prices)
|
17% |
|
[8th of 192]
|
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Definition: Economy > Inflation rate (consumer prices) |
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Population below poverty line
|
18% |
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[11th of 46]
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Definition: Economy > Population below poverty line |
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Public debt
|
17.2 % of GDP |
|
[100th of 121]
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Definition: Economy > Public debt |
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Research and development spending
|
0.5% |
|
[45th of 69]
|
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Definition: Economy > Research and development spending |
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Technological achievement
|
0.26 |
|
[45th of 68]
|
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Definition: Economy > Technological achievement |
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Tourist arrivals
|
740,000 |
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[60th of 152]
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Definition: Economy > Tourist arrivals |
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