This page has economic forecasts for Iran including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Iran economy.


Overview Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 12.10 12.5 12.7 12.5 12.2 11.5 percent
Inflation Rate 31.40 45 38 36 32 18 percent
Interest Rate 18.00 18 20 20 20 18 percent
Balance of Trade 12983.00 4545 2101 790 1408 6869 USD Million
Government Debt to GDP 39.50 45 40 40 40 35 percent
MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 42000.00
42340 42685 43029 43378 44800
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Annual Growth Rate 1.80
percent
-1.5 -2.5 -2.9 -3.4 3.5
GDP 439.51
USD Billion
400 410 410 410 451
GDP Constant Prices 1677000.00
IRR Billion
1660710 1660425 1628367 1619982 1653519
Gross Fixed Capital Formation 197000.00
IRR Billion
265950 359775 191287 190302 264798
GDP per capita 6946.86
USD
6700 5800 5800 5800 6300
GDP per capita PPP 19082.62
USD
18300 16400 16400 16400 17500
GDP From Agriculture 103000.00
IRR Billion
110320 15600 100013 99498 109842
GDP From Mining 370000.00
IRR Billion
394985 431925 359270 357420 393275
GDP From Services 844000.00
IRR Billion
821490 902850 819524 815304 817933
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 12.10
percent
12.5 12.7 12.5 12.2 11.5
Employed Persons 24064690.00
23862934 23759660 24379584 24656076 25235541
Youth Unemployment Rate 28.30
percent
28.12 28.65 28.48 28.14 28.58
Population 80.90
Million
81.92 82.18 82.43 82.68 84.82
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 31.40
percent
45 38 36 32 18
Consumer Price Index CPI 141.90
Index Points
162 158 167 187 239
Producer Prices 176.00
Index Points
253 245 245 245 245
Food Inflation 46.50
percent
55 44 38 35 15
Inflation Rate Mom 6.05
percent
5.5 4 3.5 2.5 1.5
CPI Housing Utilities 120.40
Index Points
161 156 157 159 238
CPI Transportation 164.00
Index Points
157 153 166 216 232
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 18.00
percent
18 20 20 20 18
Deposit Interest Rate 12.80
percent
12.8 14.8 14.8 14.8 12.8
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade 12983.00
USD Million
4545 2101 790 1408 6869
Exports 29336.00
USD Million
18738 16601 15000 16469 24500
Imports 16353.00
USD Million
14193 14500 14210 15061 17631
Current Account 11061.00
USD Million
3200 3000 2500 2500 2500
Current Account to GDP 4.26
percent
1.5 0.5 0.5 0.5 -0.8
Crude Oil Production 3755.00
BBL/D/1K
3600 3300 3100 3000 3300
Terrorism Index 3.71
3.71 3.71 3.71 3.71 3.71
Weapons Sales 10.00
USD Million
12.62 11.26 9.9 8.54 8.57
Foreign Direct Investment 1969.20
USD Million
1500 1100 1100 1100 1200
External Debt 10910.00
USD Million
10761 10992 11224 11455 12193
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 39.50
percent
45 40 40 40 35
Government Budget -1.80
percent of GDP
-2.2 -2.2 -2.2 -2.2 -2.2
Government Budget Value -610301.10
IRR Billion
-708956 -694950 -708956 -722962 -888741
Government Revenues 1459875.40
IRR Billion
1618941 1674350 1729759 1785168 2154204
Fiscal Expenditure 2070176.50
IRR Billion
2299886 2369300 2438715 2508129 3042945
Military Expenditure 14085.76
USD Million
14910 15016 15121 15227 15221
Government Spending 149000.00
RR Billion
149720 221325 144679 143934 149072
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Industrial Production -0.50
percent
2.5 3.5 3.5 4 0.56
Internet Speed 4703.97
KBps
4823 4782 4724 4627 3948
IP Addresses 6878918.00
IP
6720134 6694836 6691598 6661757 6512647
Steel Production 2000.00
Thousand Tonnes
1900 1750 1750 1750 1800
Ease of Doing Business 128.00
131 126 123 121 120
Corruption Index 30.00
Points
30 30 30 30 30
Corruption Rank 130.00
130 130 130 130 130
Car Production 958339.00
Units
750000 700000 700000 700000 800000
Competitiveness Index 54.85
Points
55.35 55.35 55.35 55.35 57.85
Competitiveness Rank 89.00
89 89 89 89 89
CONSUMER Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Consumer Spending 706000.00
IRR Billion
660935 686400 685526 681996 658073
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Sales Tax Rate 9.00
percent
9 9 9 9 9
CLIMATE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Precipitation 32.77
mm
18.39 35.49 17.62 17.61 19.18
Temperature 6.54
celsius
12.56 8.11 28.37 23.17 18.04



Iran - Economic Forecasts - 2018-2020 Outlook