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Iran

Profile

Country data

Iran 2008 2009 2010 2011 2012f 2013f 2014f
Nominal GDP ($bn) 350.6 360.6 419.1 541.1 398.0 366.3 405.5
GDP per capita ($) 4,857 4,927 5,638 7.200* 5.229 4.751 5.193
Real GDP growth (annual change, %) 0.6 4.0 5.9 2.7 -5.6 -1.7 1.5
Government revenue (% of GDP) 25.4 23.6 24.2 19.7 15.0 13.9 12.4
Government total expenditure (% of GDP) 24.7 22.6 21.2 19.5 15.3 14.8 14.9
Total government debt (gross, % of GDP) 10.2 11.5 13.5 9.2 11.8 10.6 10.8
Current account balance (% of GDP) 6.5 2.6 6.5 11.0 6.6 8.1 5.2
Value of oil imports 5.6 3.6 1.7 1.1 0 0 0
Value of oil exports 86.6 70 90.2 118.2 67.4 52.7 44.5
Inflation (%) 25.3 10.8 12.4 21.5 30.5 35.2 23.0
Click to see full economic data (2005 - 2018 forecast)
Source: International Monetary Fund, World Economic Outlook Database, July 2014; *=Estimate

Hot topic: Nuclear negotiations with Iran

Iran_nuclear_deal_signing_2013_v2

No deal: Sanctions against Iran will remain in place for at least another seven months

The stalemate continues for Tehran Subscription

27 November 2014 | By

The window of opportunity may be closing for an agreement on Iran’s nuclear programme

Iran trends

Iran crude output

Oil Ministry scraps buyback contracts Subscription

6 January 2015 | By

International oil companies, partnering with National Iranian Oil Company, will now have more incentive to improve exploration and production under the Iran Petroleum Contract

Since the revolution, the country's main focus has been promoting religious and domestic tourism, with the government concerned that large numbers of foreign visitors could threaten Iran's Islamic traditions

The region’s sleeping giant Subscription

6 January 2015 | By

Visitor numbers are picking up and the government is working on improving Iran’s public image, but sanctions continue to hinder investment in the tourism industry

UAE non-oil trade with Iran

Dubai hopes for trade boost with Iran Subscription

5 January 2015 | By

Dubai has long been the Islamic Republic’s gateway to the global marketplace and stands to gain if and when embargoes are lifted

Saudi oil production and brent crude price

Riyadh in strong position ahead of Opec meeting Subscription

18 November 2014 | By

Saudi Arabia showing no signs of cutting oil production despite falling prices

Mena military spending aand personnel 2013

Gulf nations step up defence spending Subscription

2 November 2014 | By

The continuing conflict in Syria and the ever-present threat of domestic unrest mean the region’s governments will continue to ramp up military investment

Defence

Pushing back against Isis Subscription

2 November 2014 | By

While the US’ allies in the region have joined the coalition against Isis, each has a differing agenda on Syria. Meanwhile, Iran, the one country that could really help, is being ignored

Qatar trade balance 2010-2013

Doha looks to diversify exports Subscription

24 September 2014 | By James Gavin

Qatar’s trade surplus as a proportion of GDP is forecast to continue to decline in the coming years. The government is looking to reverse this trend with a stronger focus on non-oil exports and bilateral trade

Promising development: Amman is now studying a proposal to issue its first Islamic bond

Wider Middle East ripe for Islamic finance Subscription

18 September 2014 | By Richard Nield

Sharia-compliant banking has yet to take off across most of the Levant and North Africa. But growing support from governments could soon lead to a boom in demand

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MEED comment

A general view of Iran's Bushehr nuclear power plant

Hopes rise on reported Iran uranium deal

6 January 2015 | By

Tentative agreement on shipping weapons-grade material to Russia could aid upcoming nuclear talks

US Secretary of State John Kerry said the attack missions by Iranian jets were a positive development in efforts against Isis

Iran carries out first airstrikes against Isis, US claims Subscription

4 December 2014 | By

Tehran denies offensive despite news footage showing F-4 Phantom II raids in Diyala

Significant gaps remain over what a peaceful Iranian nuclear programme would look like  

Nuclear negotiators have work cut out Subscription

27 November 2014 | By

Significant gaps remain over what a peaceful Iranian nuclear programme would look like  

Oil price erosion forms cracks between Opec members

Oil price erosion forms cracks between Opec members Subscription

23 October 2014 | By

Prospect of lower prices ahead triggers call for action from group’s fragile economies

Possible end in sight for Iran rail projects funding drought

Possible end in sight for Iran rail funding drought Subscription

23 October 2014 | By

Easing of international sanctions will allow stalled projects to make progress

Iran

Geneva talks key to gas issue Subscription

26 June 2014

Whether Iran can solve the Gulf’s gas shortage depends on the outcome of the nuclear discussions scheduled to be completed on 20 July

More MEED commentary

Special reports

Tehran

Iran: Nuclear deal critical for economy

6 January 2015

The lifting of sanctions has become all the more urgent for the Islamic Republic in the wake of falling oil prices

Region: Political stability a must to be able to go nuclear

Nuclear: Backing key to plans Subscription

7 August 2014

The highly regulated nature and requirements of the nuclear power industry means foreign support is key to the region’s ambitions

More Iran special reports

Market presentations

Top 100 projects 2012

Top 100 projects: The Middle East market gains momentum Subscription

3 February 2013

This webinar examines projects market trends in the region and forecasts which countries and sectors will grow in 2013

More MEED webinars

Top 10 projects

Rank Project Name Sector Contract value ($m)
1 South Pars Gas Field Development: Phases 19, 20 and 21 Gas 9,000
2 South Pars Gas Field Development: Phases 17 & 18: Offshore Gas 7,000
3 West Ethylene Pipeline Gas 5,501
4 Tehran Metro: Line 6 Transport 4,000
4 Tehran Metro: Line 7 Transport 4,000
6 South Pars Gas Field Development: Phases 22, 23 and 24 Gas 3,500
7 Bandar Abbas Condensate Refinery Oil 2,500
7 South Pars Gas Field Development: Phases 13  Offshore Gas 2,500
7 South Pars Gas Field Development: Phases 14: Offshore Gas 2,500
7 South Pars Gas Development: Phase 13: Onshore Gas 2,500
7 South Pars Gas Field Development: Phases 14: Onshore Gas 2,500
7 South Pars Gas Field Development: Phases 17 & 18: Onshore Gas 2,500
Click through to the full data table on Iran's biggest projects in construction
Click through to MEED's Q3 2014 Top 100 Projects report
Source: MEED Projects; Data compiled: November 2014; All projects are in execution

Tenders & project awards

Iran: Aluminium manganese Subscription

21 January 2015 | By

Supply of aluminium manganese (Al-Mn)

Iran: Tubing liner Subscription

21 January 2015 | By

Supply of tubing liner

Iran: Swivels Subscription

21 January 2015 | By

Supply of swivels

Iran: Freight locomotive leasing Subscription

21 January 2015 | By

Leasing of freight locomotives

Iran: Drilling operations Subscription

19 January 2015 | By

Provision of drilling operations

Iran: Coiled tubing services Subscription

19 January 2015 | By

Provision of coiled tubing services

Iran: Diaphragm pump parts Subscription

19 January 2015 | By

Supply of parts for diaphragm pumps

Iran: Coil wire Subscription

17 January 2015 | By

Supply of coil wire

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Projects trends

Gulf projects index

Qatar the worst performer on Gulf index Subscription

20 January 2015

Qatar’s project market declines by 2.1 per cent after the scrapping of Al-Karaana project

Gulf projects index

Gulf index records modest growth Subscription

13 January 2015

Saudi Arabia’s projects market sees sole decline in region

Gulf Projects Index

Iran records biggest decline in five years Subscription

6 January 2015

Islamic Republic sees $15.8bn wiped off projects market

More Gulf Projets Index

Consultants

People

Hassan Rouhani Subscription

22 January 2015

Hassan Rouhani is President of Iran

Hassan Rouhani Subscription

7 January 2014

Hassan Rouhani is President, Iran

Humayun Arvmchy

6 May 2013

Humayun Arvmchy is manager, Ahab Construction Company

Abadollah Abdollahi

6 May 2013

Abadollah Abdollahi is commander, Khatam al-Anbia Construction Base

Mohammad Montazeri

6 May 2013

Mohammad Montazeri is managing director, Tehran Urban and Suburban Railway Company

See all Iran biographies

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