Iran - Economic Forecasts - 2018-2020 Outlook

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 Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 12.10 12.3 12.5 12.7 12.5 11.5 percent
Inflation Rate 24.20 19 17 18 19 15 percent
Interest Rate 18.00 18 18 20 20 18 percent
Balance of Trade 6227.00 5858 4545 2101 790 1454 USD Million
Government Debt to GDP 32.10 38 38 35 35 30 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 42000.00
42340 42685 43029 43378 44800
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 2.70
percent
1.5 0.5 2.2 2 3.5
GDP 439.51
USD Billion
400 400 410 410 451
GDP Constant Prices 1703000.00
IRR Billion
1932560 1702860 1740466 1737060 1797709
Gross Fixed Capital Formation 369000.00
IRR Billion
352205 272700 377118 376380 287889
GDP per capita 6946.86
USD
6700 6700 6800 6800 7000
GDP per capita PPP 19082.62
USD
19300 19300 19400 19400 19500
GDP From Agriculture 16000.00
IRR Billion
231420 113120 16352 16320 119421
GDP From Mining 443000.00
IRR Billion
450660 405010 452746 451860 427569
GDP From Services 926000.00
IRR Billion
880005 842340 946372 944520 889258
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 12.10
percent
12.3 12.5 12.7 12.5 11.5
Employed Persons 24064690.00
24311759 23862934 23759660 24379584 25235541
Youth Unemployment Rate 28.40
percent
29.44 28.48 28.76 28.78 28.88
Population 80.90
Million
81.59 81.92 82.18 82.43 84.82
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 24.20
percent
19 17 18 19 15
Consumer Price Index CPI 133.80
Index Points
129 131 135 146 178
Producer Prices 144.20
Index Points
261 253 245 245 245
Food Inflation 35.90
percent
16.5 16.2 17 15.5 8.5
Inflation Rate Mom 5.52
percent
3.32 3.84 3.63 3.5 1.43
CPI Housing Utilities 118.60
Index Points
128 130 133 138 176
CPI Transportation 143.10
Index Points
126 127 131 146 172
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 18.00
percent
18 18 20 20 18
Deposit Interest Rate 12.80
percent
12.8 12.8 14.8 14.8 12.8
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade 6227.00
USD Million
5858 4545 2101 790 1454
Exports 29064.00
USD Million
20953 18738 16601 15000 23687
Imports 22836.00
USD Million
15095 14193 14500 14210 22233
Current Account 4902.00
USD Million
4545 5034 5003 5167 5082
Current Account to GDP 4.26
percent
6.1 6.1 5.9 5.9 6.5
Crude Oil Production 3806.00
BBL/D/1K
3802 3803 3803 3803 3803
Terrorism Index 3.71
3.63 3.56 3.52 3.48 3.11
Weapons Sales 10.00
USD Million
14.42 12.62 11.26 9.9 8.57
Foreign Direct Investment 1969.20
USD Million
1500 1500 1100 1100 1200
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 32.10
percent
38 38 35 35 30
Government Budget -2.20
percent of GDP
-2.01 -2.06 -2.1 -2.14 -2.36
Government Budget Value -610301.10
IRR Billion
-671094 -708956 -694950 -708956 -888741
Government Revenues 1459875.40
IRR Billion
1541789 1618941 1674350 1729759 2154204
Fiscal Expenditure 2070176.50
IRR Billion
2212882 2299886 2369300 2438715 3042945
Military Expenditure 14085.76
USD Million
14449 14910 15016 15121 15221
Government Spending 227000.00
RR Billion
176610 153520 231994 231540 162071
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Industrial Production 5.70
percent
2.2 2.5 3.5 3.5 7.12
Internet Speed 4703.97
KBps
4935 4823 4782 4724 3948
IP Addresses 6878918.00
IP
6785769 6720134 6694836 6691598 6512647
Steel Production 1980.70
Thousand Tonnes
1900 1900 1750 1750 1800
Ease of Doing Business 124.00
126 127 127 127 131
Corruption Index 30.00
Points
30 30 30 30 30
Corruption Rank 130.00
130 130 131 131 131
Car Production 958339.00
Units
750000 750000 700000 700000 800000
Competitiveness Index 4.27
Points
4.23 4.23 4.19 4.18 4.04
Competitiveness Rank 69.00
70 70 61 58 81
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Consumer Spending 704000.00
IRR Billion
717605 677710 719488 718080 715458
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Sales Tax Rate 9.00
percent
9 9 9 9 8
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 32.77
mm
3.04 18.39 35.49 17.62 19.18
Temperature 6.54
celsius
27.38 12.56 8.11 28.37 18.04