Iran

Iran

Iran

General Info

Area 1,648,000 sq km
Arable as % of Total Land 10
Population 70.9 m
Main Cities Tehran (capital), Mashhad, Isfahan, Tabriz, Shiraz, Qom, Ahvaz
Climate Continental, with extremes of temperature
Language Persian
Measures Metric system
Currency Rial (IR)
Time GMT + 3.5 hours
Weekends Thursday, Friday
Main Harbours Bandar-e Abbas, Bushehr, Bandar-e Lengeh
Main Airports Tehran, Tebriz, Mashdad, Bandar-e Abbas, Bushehr, Esfahan, Shiraz

Location and Geography:

Iran is located at the strategic crossroads between the Western and Eastern worlds. It is bordered by Armenia, Azerbaijan, Turkmenistan and the Caspian Sea in the North, Afghanistan and Pakistan in the East, Iraq and Turkey in the West, and the Gulf of Oman, the Strait of Hormuz and the Persian Gulf in the South. The topography of Iran consists mainly of deserts and mountains. These areas are virtually uninhabitable. Most of the population lives in the Northern and Northwestern areas. Two mountain chains dominate the landscape: the Zagros Mountains and the Elbruz range. Iran has a small area of arable land with meadows and pastures covering about a quarter of its land. Forests and woodlands are rather limited. The climate is generally arid or semiarid, and subtropical along the Caspian coast. Due to limited annual rainfall, Iran suffers from chronic water shortages

Economic Indicators

2003 2004 2005 2006 2007
GDP
Nominal GDP (US$m) 129,346 156,811 189,348 222,881 259,562
Real GDP Growth (%) 7.1 5.1 4.7 5.8 6.2
Origin of GDP (%real change)
Agriculture 7.1 2.2 9.3 4.7 3.0
Industry 9.8 6.5 4.7 6.9 4.8
Services 4.7 4.6 5.6 6.5 5.2
GDP per capita (US$ at PPP) 8,073 8,595 9,141 9,860 10,645
Prices and financial indicators
Exchange Rates IR:US$ (end-period) 8,272 8,793 9,091 9,223 9,282
Consumer Prices (end period; % change) 16.5 14.7 13.4 11.6 17.1
Lending interest rate (av; %) 16.4 16.4 16.2 14.0 12.0
Current Account (US$m)
Trade Balance 4,430 5,653 21,281 26,245 30,116
Goods:exports fob 33,991 43,852 64,366 75,537 83,992
Goods: imports cif -29,561 -38,199 -43,085 -49,292 -53,876
Services Balance -4,884 -6,075 -7,567 -9,794 -10,790
Income Balance 349 1,064 2,007 3,529 4,526
Current-account balance 816 1,442 16,637 20,657 24,562
External Debt (US$m)
Debt stock 13,912 20,356 21,260 20,113 20,678
Debt service paid 1,750 2,112 2,524 2,556 2,412
Interest 482 639 772 813 1,133
Total International Reserves (US$m) 24,677 32,959 45,459 58,459 82,059

III. Trade Figures

a.

2003

2004

2005

2006

2007

Exports fob

33,991

43,852

64,366

75,537

83,992

Imports cif

-29,561

-38,199

-43,085

-49,292

-53,876

Trade Balance

4,430

5,653

21,281

26,245

30,116

Trade Volume

63,552

82,051

107,451

124,829

137,868

b.

Commodity Groups Share in Total Exports-06 Share in Total Imports-06
Agricultural products 3.6% 10.0%
Fuels and mining products 88.3% 16.0%
Manufactures 8.1% 71.0%

c.

Exports by main destination Share Imports by main origin Share
Japan 23.9% EU-27 20.1%
China 22.5% China 10.6%
EU-27 19.8 United Arab Emirates 9.4%
Turkey 7.3% Korea 6.2%
United Arab Emirates 2.9% India 3.7%
Iraq 2.9% Japan 2.6%

IV. Others

Industry

Main industries of country

petroleum, petrochemicals, fertilizers, caustic soda, textiles, cement and other construction materials, food processing (particularly sugar refining and vegetable oil production), ferrous and non-ferrous metal fabrication, armaments

Agriculture

wheat, rice, other grains, sugar beets, sugar cane, fruits, nuts, cotton; dairy products, wool; caviar

Iran is one of the leading producers of petroleum and has the second largest natural gas reserves in the world. In addition to crude oil and gas, the country produces petrochemicals, textiles, vegetable oil and other food products, carpets, cement, building materials and fertilisers. The principal agricultural crops are wheat, rice, barley, nuts, cotton, sugar beets, and fruits. Wool is also an important product in the Iranian economy.