Iran at a Glance

 
 

Driven by high oil prices and continued economic reforms, 2005 was another successful year for Iran's
 economy.

Economy

GDP - The country's GDP reached $187.1 billion, representing in real terms a 5.4% growth compared
 to the previous year.

GDP and GDP Growth

2005

2004

2003

 

1,691,814

1,384,819

1,095,303

GDP at current prices (billion Rials)

187.5

158.8

132.3

GDP at current prices (billion US$)

2,719

2,340

1,978

GDP per capita (US$)

5.4

4.8

6.8

Real GDP Growth (%)


Source: Central Bank of Iran.

GDP Distribution - Despite the fact that 80%+ of Iran's hard currency earnings are generated through oil exports,

a closer look at the sector distribution of GDP indicates that Iran has a relatively diversified economy, where the

service sector plays a major role.

GDP Breakdown - 2005

Source: Central Bank of Iran.

 

Inflation -The implementation of non-expansionary monetary and fiscal policies as well as improvements in the economic conditions resulted in inflation reducing from 15.8% in the year 2002 to 15.6% and 15.2% in 2003 and 2004 respectively. In 2005 inflation fell dramatically to 12.1%.

 

 

 

 

 

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