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.


Overview Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 12.60 12.4 11.8 12 12.5 10.8 percent [+]
Inflation Rate 8.40 10.2 9.4 8.6 12.7 5.9 percent [+]
Interest Rate 18.00 18 16 16 16 12 percent [+]
Balance of Trade 5059.00 3588 4569 4365 4837 6057 USD Million [+]
Government Debt to GDP 35.00 40 38 38 20 30 percent [+]
MARKETS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Currency 35599.00 33600 33200 32900 32544 28815 [+]
GDP Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Annual Growth Rate 12.90 2.1 1.7 4.4 4.7 5.2 percent [+]
GDP 393.44 438 339 323 307 451 USD Billion [+]
GDP Constant Prices 1658000.00 1629383 1619770 1609947 1600629 1518329 IRR Billion [+]
Gross Fixed Capital Formation 365000.00 263898 321928 272417 311935 266873 IRR Billion [+]
GDP per capita 5757.80 5577 5564 5551 5538 5292 USD [+]
GDP per capita PPP 16010.10 15087 15045 15003 14961 13808 USD [+]
GDP From Agriculture 15000.00 107610 17848 112085 198657 101279 IRR Billion [+]
GDP From Mining 420000.00 393794 395403 389349 388191 360689 IRR Billion [+]
GDP From Services 887000.00 869869 864837 859691 854388 808394 IRR Billion [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 12.60 12.4 11.8 12 12.5 10.8 percent [+]
Employed Persons 23308355.00 22383003 22433261 22891284 22796219 22306915 [+]
Youth Unemployment Rate 29.20 25.11 24.3 23.58 23.65 26.01 percent [+]
Population 79.70 80.56 80.75 80.95 81.15 82.75 Million [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 8.40 10.2 9.4 8.6 12.7 5.9 percent [+]
Consumer Price Index CPI 108.40 109 110 110 111 111 Index Points [+]
Producer Prices 250.60 256 262 266 268 263 Index Points [+]
Food Inflation 11.40 10.9 10.4 9.8 9.5 8.5 percent [+]
Inflation Rate Mom 0.37 1.15 1.42 1.44 1.44 1.44 percent [+]
CPI Housing Utilities 107.70 109 110 110 110 99.03 Index Points [+]
CPI Transportation 106.60 108 109 109 109 101 Index Points [+]
MONEY Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Interest Rate 18.00 18 16 16 16 12 percent [+]
Deposit Interest Rate 12.80 11.55 11.45 11.36 11.26 12.47 percent [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade 5059.00 3588 4569 4365 4837 6057 USD Million [+]
Exports 21342.00 19862 29403 29649 28958 29173 USD Million [+]
Imports 16283.00 10641 19812 21847 20334 20944 USD Million [+]
Current Account 16388.00 16064 15091 14086 13269 8828 USD Million [+]
Current Account to GDP 6.30 5.8 6.1 6.1 5 6.5 percent [+]
Crude Oil Production 3878.00 3798 3773 3747 3723 3549 BBL/D/1K [+]
Terrorism Index 3.71 3.86 3.82 3.79 3.75 3.9 [+]
Weapons Sales 9.00 9.07 12.6 16.13 19.66 18.44 USD Million [+]
Foreign Direct Investment 876.90 753 951 1149 1347 4207 USD Million [+]
GOVERNMENT Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt to GDP 35.00 40 38 38 20 30 percent [+]
Government Budget -2.10 -1.34 -1.29 -1.25 -1.2 -1.27 percent of GDP [+]
Government Budget Value -592891.90 -600651 -612522 -624392 -636263 -680703 IRR Billion [+]
Government Revenues 1123745.50 1277222 1309251 1341280 1373309 1577312 IRR Billion [+]
Fiscal Expenditure 1706885.40 1938646 1992407 2046169 2099930 2530551 IRR Billion [+]
Military Expenditure 12382.60 12761 12768 12775 12783 11959 USD Million [+]
Government Spending 223000.00 164556 199465 169737 199314 172803 RR Billion [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Industrial Production 11.30 9.55 8.4 7.21 6.11 5.71 percent [+]
Internet Speed 4703.97 5020 4887 4940 4935 4246 KBps [+]
IP Addresses 6878918.00 6514286 6348044 6266965 6115637 5051635 IP [+]
Steel Production 1980.00 1850 1911 1917 1906 1881 Thousand Tonnes [+]
Ease of Doing Business 124.00 140 143 146 148 140 [+]
Corruption Index 29.00 28 28 28 27 26 Points [+]
Corruption Rank 131.00 126 125 123 122 118 [+]
Car Production 958335.00 1020173 1025991 1031809 1037626 1056738 Units [+]
Competitiveness Index 4.27 4.14 4.14 4.14 4.14 4.16 Points [+]
Competitiveness Rank 69.00 70 70 70 70 68 [+]
CONSUMER Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Consumer Spending 697000.00 660892 655144 649459 643834 595830 IRR Billion [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Sales Tax Rate 8.00 8 8 8 8 8 percent [+]
CLIMATE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Precipitation 32.00 17.64 17.48 17.56 17.59 17.56 mm [+]
Temperature 6.00 7.49 11.34 26.4 22.55 9.28 celsius [+]