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 11.7 11.7 12 12.1 10.8 percent
Inflation Rate 9.70 10.5 11.5 12 12 10.9 percent
Interest Rate 18.00 18 18 18 18 12 percent
Balance of Trade 5643.00 5858 4545 5101 5790 4139 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 43420.00
43639 44600 45582 46581 50816
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 1.00
percent
4.2 4 3.7 3.1 5.2
GDP 439.51
USD Billion
442 442 445 445 451
GDP Constant Prices 1662000.00
IRR Billion
1978758 1728480 1723494 1713522 1891095
Gross Fixed Capital Formation 269000.00
IRR Billion
361574 279760 278953 277339 306080
GDP per capita 6946.86
USD
7000 7000 7100 7100 7250
GDP per capita PPP 19082.62
USD
19300 19300 19400 19400 19500
GDP From Agriculture 112000.00
IRR Billion
237576 116480 116144 115472 127438
GDP From Mining 400000.00
IRR Billion
462648 416000 414800 412400 455137
GDP From Services 827000.00
IRR Billion
897162 860080 857599 852637 940996
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 12.10
percent
11.7 11.7 12 12.1 10.8
Employed Persons 23047761.00
24049936 23791896 23598512 23958738 24811481
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 9.70
percent
10.5 11.5 12 12 10.9
Consumer Price Index CPI 117.50
Index Points
119 125 128 132 155
Producer Prices 271.20
Index Points
261 253 245 245 245
Food Inflation 8.40
percent
6.5 6.2 8 9.5 8.5
Inflation Rate Mom 1.64
percent
1.37 1.31 1.3 1.29 1.29
CPI Housing Utilities 114.00
Index Points
118 124 126 129 154
CPI Transportation 114.60
Index Points
117 121 124 128 150
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 18.00
percent
18 18 18 18 12
Deposit Interest Rate 12.80
percent
12.8 12.8 12.8 12.8 6.8
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade 5643.00
USD Million
5858 4545 5101 5790 4139
Exports 24800.00
USD Million
20953 20738 19601 20000 23425
Imports 19158.00
USD Million
15095 16193 14500 14210 19287
Current Account 3473.00
USD Million
2746 3151 2596 3257 3106
Current Account to GDP 6.30
percent
6.1 6.1 5.9 5.9 6.5
Crude Oil Production 3802.00
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 876.90
USD Million
785 779 1032 1285 3191
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 -2.10
percent of GDP
-1.73 -1.83 -1.84 -1.84 -2.09
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 152000.00
RR Billion
181308 158080 157624 156712 172952
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Industrial Production 3.70
percent
2.2 2.5 3.5 3.5 5.54
Internet Speed 4703.97
KBps
4935 4823 4782 4724 3948
IP Addresses 6878918.00
IP
6785769 6720134 6694836 6691598 6512647
Steel Production 2015.00
Thousand Tonnes
2075 2070 2071 2074 2073
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
850000 850000 850000 900000 1110744
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 660000.00
IRR Billion
725232 686400 684420 680460 750977
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