Markets Actual Q1 Q2 Q3 Q4 2020
Currency 42000.00 42000 42000 42000 42000 42000
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 1.80 0.2 0.1 0.5 0.1 1.1
Unemployment Rate (%) 10.90 12 12.5 12.5 13 12.5
Inflation Rate (%) 27.80 35 33 30 32 25
Interest Rate (%) 18.00 18 18 18 18 18
Balance of Trade (USD Million) 12983.00 2500 6550 5150 4000 5000
Current Account (USD Million) 11061.00 -2200 -2800 -2800 -2800 -3500
Current Account to GDP (%) 1.30 -3.5 -3.5 -3.5 -3.5 -3.5
Government Debt to GDP (%) 44.20 35 35 35 35 30
Government Budget (% of GDP) -4.40 -4.4 -4.4 -4.4 -4.4 -4.4
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 1.80 0.2 0.1 0.5 0.1 1.1
GDP (USD Billion) 454.01 410 410 410 410 415
GDP Constant Prices (IRR Billion) 1677000.00 1680354 1678677 1685385 1678677 1697142
Gross Fixed Capital Formation (IRR Billion) 197000.00 197394 197197 197985 197197 199366
GDP per capita (USD) 6952.40 7079 7079 7079 7079 7151
GDP per capita PPP (USD) 19098.00 17500 17500 17500 17500 17500
GDP From Agriculture (IRR Billion) 103000.00 103206 103103 103515 103103 104237
GDP From Mining (IRR Billion) 370000.00 370740 370370 371850 370370 374444
GDP From Services (IRR Billion) 844000.00 845688 844844 848220 844844 854137
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 10.90 12 12.5 12.5 13 12.5
Youth Unemployment Rate (%) 28.30 29 29 29 29 28.22
Population (Million) 82.10 84.5 84.5 84.5 84.5 85.7
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 27.80 35 33 30 32 25
Consumer Price Index CPI (points) 193.80 222 233 236 256 320
Producer Prices (points) 175.20 254 263 237 228 262
Food Inflation (%) 28.70 40 40 45 45 50
Producer Prices Change (Percent) 52.88 45 50 35 30 15
Inflation Rate Mom (%) 3.20 1.3 1.6 1.5 2 2
CPI Housing Utilities (points) 164.00 185 189 201 216 271
CPI Transportation (points) 218.10 224 237 232 288 360
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 18.00 18 18 18 18 18
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) 12983.00 2500 6550 5150 4000 5000
Current Account (USD Million) 11061.00 -2200 -2800 -2800 -2800 -3500
Current Account to GDP (%) 1.30 -3.5 -3.5 -3.5 -3.5 -3.5
Exports (USD Million) 29336.00 16000 19500 18900 18000 20000
Imports (USD Million) 16353.00 13500 12950 13750 14000 15000
Crude Oil Production (BBL/D/1K) 2102.00 2000 2350 2450 2650 3100
Foreign Direct Investment (USD Million) 2430.20 900 900 900 900 1000
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 44.20 35 35 35 35 30
Government Budget (% of GDP) -4.40 -4.4 -4.4 -4.4 -4.4 -4.4
Government Budget Value (IRR Billion) -778100.00 -825616 -825616 -825616 -825616 -888741
Government Spending (RR Billion) 256990.00 257504 257247 258275 257247 260077
Taxes Actual Q1 Q2 Q3 Q4 2020
Sales Tax Rate (%) 8.00 8 8 8 8 8
Business Actual Q1 Q2 Q3 Q4 2020
Industrial Production (%) -0.50 2.5 3.8 4 4.5 8
Steel Production (Thousand Tonnes) 2130.00 1750 1800 1800 1800 1800
Car Production (Units) 955923.00 800000 800000 800000 800000 800000
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Spending (IRR Billion) 706000.00 707412 706706 709530 706706 714480


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.