Iran
Economy of Iran
Currency
Iranian Rial
27,033.00 Iranian Rials = 1 US Dollar
Summary of Economy in Iran
Iran's economy is marked by statist policies, an inefficient state sector, and reliance on oil, a major source of government revenues. Price controls, subsidies, and other distortions weigh down the economy, undermining the potential for private-sector-led growth.Constraints on Tehran, following the expansion of international sanctions in 2012 against Iran's Central Bank and oil exports, significantly reduced Iran's oil revenue, forced government spending cuts, and fueled a 60% currency drop.
GDP (PPP)
$987.1 billion
GDP Per Capita
$12,800
% of Population below poverty line
18.7%
Import and Export
Import- is when another country ships their products into your country
Export- is when you ship your products into another country
Iran exports $61.22 billion Dollars worth of goods every year
Iran imports $61.22 billion Dollars worth of goods every year
If the price of imports was greater than the price of exports that country would be in debt.