Iran ranks second in the world in natural gas reserves and fourth in proven crude oil reserves. The stagnating trajectory of the economy is also likely to put further pressure on labor market dynamics and job creation. Iran gdp for was $0.00B, a 100% decline from 2017. The third issue (Spring 2017) covered pensions and water resource management and the fourth issue (Fall 2017) included a special focus on labor markets and employment. Iran GDP (Gross Domestic Product) was INT$1,170.60billion for 2019 in PPP terms. We face big challenges to help the world’s poorest people and ensure that everyone sees benefits from economic growth. With a population of 82.8 million people, Iran’s economy is characterized by the hydrocarbon, agriculture, and services sectors, as well as a noticeable state presence in manufacturing and financial services. The second issue (Fall 2016) included a special section on poverty and air pollution. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. Labor-force participation has risen but unemployment is above 10% as of 2020 and projected to rise in 2021 a… The use of different national income standards across Europe has an impact on cross-country comparability and in some cases leads to an underestimation of GDP. The Bank has stopped to measure economic indicators in Venezuela and Libya due to political and economic chaos in those countries. Download historical data for 20 million indicators using your browser. 2020 Projected Real GDP (% Change) : –6.0* 2020 Projected Consumer Prices (% Change): 34.2 Date of Membership: December 29, 1945 Article IV/Country Report: March 29, 2018 Special Drawing Rights (SDR): 1551.64 million It is estimated that the application of the latest standard would add US$824 billion. Iran gdp for was $0.00B, a NAN% decline from . World … The labor force participation rate edged down to 44.3% in the December quarter 2019, as female labor force participation rate dropped to about 17.5%. Inflation started a gradual decline from a peak of 52% (yoy) in May 2019 to reach 22% in March 2020 as the base effect of the earlier depreciation period declined. With a population of 82.8 million people, Iran’s economy is characterized by the hydrocarbon, agriculture, and services sectors, as well as a noticeable state presence in manufacturing and financial services. 2019年5月、ライースィ元イマーム・レザー廟財団管理者が司法権長に就任。 （20）2020年2月に第11期国会議員選挙が実施され、「保守派」が勝利。 同年5月、ガリバーフ氏が国会議長に選出された（2008年以降国会議長を務めたラリジャニ氏は国会議員選挙に出馬せず。 Iran’s GDP in 2019/20 is estimated at US$463 billion. The last IBRD project closed in 2012. The Trading Economics Application Programming Interface (API) provides direct access to our data. The GDP of Iran contracted in 2018/19 and 2019/20 and modest rebound is expected in 2020/2021 according to an April 2020 World Economic Outlook by the IMF. Find Out Challenges to the economy include the COVID-19 outbreak starting in February 2020, which on top of US sanctionsreimposed in mid 2018 and other factors, led a fall in oil production and are projected to lead to a slow recovery in oil exports. Iran’s gross domestic product (GDP) declined by 7.59 percent in 2019 after adjusting for inflation. Iran’s economy is expected to contract further by 8.7% in 2019/20 due to external shocks to oil and gas sector output. Looking ahead, with negative economic growth and high inflation, poverty may have increased, as it was compounded by higher gasoline prices in November 2019. Higher import prices and trade restrictions are likely to keep inflation above 20 percent in the coming years. Within services, the most important are real estate and specialized and professional services (14 percent of GDP); trade, restaurants and hotels (12 percent of GDP) and public services (10 percent of GDP). GDP Constant Prices in Iran decreased to 1433096.95 IRR Billion in the fourth quarter of 2019 from 1518153.10 IRR Billion in the third quarter of 2019. Iran’s economic freedom score is 49.2, making its economy the 164th freest in the 2020 Index. Iran Coronavirus Cases at 483844.00 Persons, Iran Coronavirus Deaths at 27658.00 Persons, Iran Coronavirus Recovered at 397109.00 Persons, Iran Steel Production at 2400.00 Thousand Tonnes, Iran Balance of Trade at 12983.00 USD Million, Iran Current Account at 11061.00 USD Million, Iran Current Account to GDP at -0.10 percent, Iran GDP Annual Growth Rate at -10.10 percent, Sensex Ends Above 40,000 for 1st Time Since February, Singapore Shares Close at Over 1-Month High, Malaysia Stocks Rally to Over 3-Week Highs, Greek Jobless Rate Drops from 15-Month High. GDP growth is projected to be 0.6% in the region in 2019, a fraction of what is needed to create enough jobs for the fast-growing working-age population in the Middle East and North Africa region. Real GDP is forecast to contract sharply in 2020, by 12%. The fifth issue (Fall 2018) examined Iran’s macroeconomic performance compared to how it managed under previous episodes of sanctions and benchmarked key economic outcomes to its comparators, with a special section that updated analysis on poverty from 2014 to 2016. In its latest report the World Bank says Iran had the biggest fall in Gross Domestic Production (GDP) in the world in 2019. The mountains of northern Iran line the southern end of the giant lake, and emerald green vegetation clings to those mountain slopes. GDP Constant Prices in Iran averaged 389136.14 IRR Billion from 1988 until 2019, reaching an all time high of 1904000 IRR Billion in the third quarter of 2017 and a record low of 40077.46 IRR Billion in the first quarter of 1989. Non-oil sector activity also declined by 2.1% in 2018/19 but has since displayed some signs of recovery. All rights reserved. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. The Multilateral Investment Guarantee Agency (MIGA) issued two guarantees in 2005, which have both expired. On the economic front, the development plan envisages an annual economic growth rate of 8% and the reform of state-owned enterprises and the financial and banking sectors. Direct access to our calendar releases and historical data. Iran has a fairy diversified economy. The fiscal deficit to GDP ratio declined in 2018/19, as the growth in the financing gap (13%) was more than offset by a large increase in nominal GDP in the denominator (the GDP deflator surged by over 50%). In the parallel market, the rial has depreciated more moderately against the dollar in 2019/20 after recovering from a strong decline in mid-2018 due to a surge in speculative foreign exchange demand. The biggest sector of Iran´s economy are services, which account for 51 percent of GDP. Japan slips to the fourth spot when GDP is measured in terms of PPP; GDP (PPP) is $5.75 trillion in 2019, while its GDP per capita is $40,850 (24th spot). GDP PPP based on: 2011 International Dollars. 1963-2019 Data | 2020-2022 Forecast | Historical | Chart. The quality of economic data across Asia-Pacific region varies considerably across countries, mainly as a result of lack of statistical capacity. Although the country is one of the world’s major oil producers, the oil sector accounts only for 23 percent of GDP. The International Monetary Fund estimates Iran's economy to have further shrunk to -9.5% in 2019 from -4.8% in 2018. Manufacturing and mining constitute 20 percent of GDP and agriculture 10 percent. Publish your articles and forecasts in our website. MIGA has no outstanding exposure in Iran. Iran’s Gross Domestic Product (GDP) in 2019/20 is estimated at US$463 billion. Male and female unemployment rates of 8.9% and 17.3%, respectively, suggest continued gender gaps in the labor market. The Mashreq region has seen more than its share of deaths, economic losses, and instability for the last decade. November 2018. 出席のもとで記念行事が開催された。, 1953年　国交再開のための交換公文, 1974年　査証免除取極（1992å¹´4月から一部につき一時停止）, （2）モルテザー・ラフマーニモヴァヘド　駐日イラン大使. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. The unemployment rate remains high, at 10.6% as of October to December 2019, though it showed improvement compared to the same period the previous year (11.8%). GDP Annual Growth Rate in Iran averaged 4.28 percent from 1963 until 2019, reaching an all time high of 23.01 percent in the second quarter of 1992 and a record low of -12.54 percent in the fourth quarter of 1979. The World Bank forecasts zero GDP growth for Iran in 2020 and one percent growth in 2021 but given the continuation of U.S. sanctions this forecast might prove to be optimistic. Real exports of goods and services contracted by 13.6%after a small growth of 1.8% in the previous year. The report published on January 9 shows Iran’s GDP in 2019 fell 8.7 percent compared with 2018, which in turn was 4.9 percent lower than the previous year. The cash transfer program appears to have more than compensated for the likely increase in energy expenditures of less well-off households, thus contributing to positive growth in consumption of the bottom 40% of the population, even though overall consumption growth between 2009 and 2013 was negative. The Gross Domestic Product (GDP) in Iran contracted 10.10 percent in the first quarter of 2019 over the same quarter of the previous year. As a result, Iran is now at the bottom of the list in terms of GDP growth. The first issue of the Iran Economic Monitor (Spring 2016) covered the oil and gas sector and the financial sector. This site uses cookies to optimize functionality and give you the best possible experience. Previous investments committed in 2004 and 2005 have closed, and IFC has no exposure to Iran. The International Finance Corporation (IFC) has no portfolio in Iran at present.