Iran | Economic Forecasts | 2017-2020 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.


MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 32493.00 32800 33100 34100 33800 39000 [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Annual Growth Rate 15.70 5.9 4.3 2.1 1.7 5.2 percent [+]
GDP 425.33 438 421 438 396 451 USD Billion [+]
GDP Constant Prices 1629000.00 1667888 1719040 1652000 1704279 1677931 IRR Billion [+]
Gross Fixed Capital Formation 539000.00 643200 613781 631391 620849 624811 IRR Billion [+]
GDP per capita 5936.54 5883 5916 5949 5939 5934 USD [+]
GDP per capita PPP 16507.00 16662 16668 16675 16462 15423 USD [+]
GDP From Agriculture 107000.00 109329 109333 109333 109333 109333 IRR Billion [+]
GDP From Mining 680000.00 767167 715844 772161 722200 829748 IRR Billion [+]
GDP From Services 1775000.00 1976714 1984242 2066901 2084179 2598848 IRR Billion [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 12.30 12.2 12 12.4 11.8 10.8 percent [+]
Employed Persons 23031646.00 22627177 22983841 22626574 22388812 23095395 [+]
Youth Unemployment Rate 30.40 30.39 29.79 30.16 29.91 29.98 percent [+]
Population 79.70 80.18 80.45 80.72 80.95 83.49 Million [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 12.60 11.2 10.5 10.2 9.4 5.9 percent [+]
Consumer Price Index CPI 266.10 258 260 263 263 279 Index Points [+]
Producer Prices 236.20 237 240 242 245 267 Index Points [+]
Food Inflation 17.60 18.28 19.28 20.01 20.1 20.15 percent [+]
Cpi Housing Utilities 205.20 207 210 214 217 231 Index Points [+]
Cpi Transportation 265.50 267 272 277 281 329 Index Points [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 18.00 18 18 18 16 12 percent [+]
Deposit Interest Rate 16.30 16.59 16.73 16.86 16.73 16.78 percent [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade 4127.00 4759 5093 4712 4937 4903 USD Million [+]
Exports 5430.00 4385 4372 4381 4375 4378 USD Million [+]
Imports 15112.00 15464 15564 15639 15677 15776 USD Million [+]
Current Account 3729.00 6203 5966 6389 6393 7520 USD Million [+]
Current Account to GDP 6.30 5.8 5.8 5.8 6.1 6.5 percent [+]
Crude Oil Production 3862.00 3886 3895 3905 3914 4017 BBL/D/1K [+]
Terrorism Index 3.95 3.84 3.85 3.85 3.8 3.5 [+]
Weapons Sales 9.00 29.64 31.91 34.17 31.96 16.33 USD Million [+]
Foreign Direct Investment 1261.80 1504 1030 555 523 3134 USD Million [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 35.00 40 40 40 38 30 percent [+]
Government Budget -2.10 -1.64 -1.73 -1.83 -1.84 -2.16 percent of GDP [+]
Government Budget Value -460352.90 -474209 -496660 -519112 -519112 -555311 IRR Billion [+]
Government Revenues 977963.10 944485 1022038 1099591 1128704 1536481 IRR Billion [+]
Fiscal Expenditure 1438316.00 1473727 1540304 1606882 1647689 2229440 IRR Billion [+]
Military Expenditure 12382.60 11813 12051 12290 12441 13152 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Industrial Production 14.60 12.94 12.44 8.01 9.05 10.23 percent [+]
Steel Production 1790.00 1710 1641 1673 1660 1664 Thousand Tonnes [+]
Ease of Doing Business 120.00 122 123 123 124 129 [+]
Corruption Index 29.00 28 29 29 29 29 Points [+]
Corruption Rank 131.00 139 139 139 142 165 [+]
Car Production 958335.00 957404 988788 1020173 1025991 1056738 Units [+]
Competitiveness Index 4.12 4.12 4.12 4.12 4.04 4.1 Points [+]
Competitiveness Rank 76.00 76 76 76 92 87 [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Consumer Spending 1464746.00 1870804 1920872 1960633 1960633 2458719 IRR Billion [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Sales Tax Rate 8.00 8.26 8.51 8.76 8.95 11.05 percent [+]