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Iran

Iran news and analysis, tenders, contracts awarded, commentary and economic data

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Iran
Leader
President Mahmoud Ahmadinejad

Iran country datafile
Country overview
Government contacts

Country data

Iran 2007 2008 2009 2010 2011f 2012f 2013f
Nominal GDP ($bn) 307.4 350.6 360.6 419.1 482.4 483.8 514.8
GDP per capita ($) 4,312 4,857 4,927 5,638 6,420 6,356 6,678
Real GDP growth (annual change, %) 6.4 0.6 4 5.9 2 -0.9 0.8
Government revenue (% of GDP) 29 25.4 23.7 22.8 24.8 18.4 17.1
Government total expenditure (% of GDP) 21.6 24.7 22.6 21.1 25 21.3 21.1
Total government debt (gross, % of GDP) 16.6 13.3 14.7 16.7 13 10.9 9.3
Current account balance (% of GDP) 10.6 6.5 2.6 6 12.5 3.4 1.3
Value of oil imports 5.9 5.6 3.6 1.7 1.1 0 0
Value of oil exports 84.5 86.6 70 86.7 120.8 70.9 62
Inflation (%) 18.4 25.4 10.8 12.4 21.5 25.2 21.8
Click to see full economic data (2005 - 2017 forecast)
Source: International Monetary Fund, World Economic Outlook Database, October 2012

Iran trends

South Pars phase 12

Top 100 projects drops in value in first quarter Subscription

1 May 2013, 9:18 GMT | By

Value of projects in execution fell $10bn as $30bn-worth of contract awards are new to the top 100 table

Ready to fly: President Ahmadinejad inspects the Qaher-313 stealth fighter during the unveiling ceremony in Tehran

Tehran publicity stunts mask harsh economic reality Subscription

21 February 2013, 10:21 GMT | By

Iran’s economy is on the verge of collapse as international sanctions cripple key industries

Middle East and North Africa inflation

Inflation risks social unrest Subscription

7 February 2013, 7:50 GMT | By Richard Nield

Oil exporters will increase subsidises to contain inflation, but other governments are likely to struggle

Middle East contracts awarded

Middle East contracts awarded: January 2013 Subscription

3 February 2013, 11:02 GMT

Just over $3bn-worth of contracts were awarded in January

Net oil export revenues

Opec to earn more than $1 trillion in 2012 Subscription

31 December 2012, 11:48 GMT | By

Most Middle East producers looking at record oil revenues in the past year

Genaveh Power Plant

Genaveh Power Plant Subscription

27 November 2012, 11:41 GMT

The facility provides electricity mainly for industrial facilities in Assaluyeh

US elections: Regardless of who wins on 6 November, the Middle East will be a top priority for the new president

The US: Dealing with a changed Middle East Subscription

1 November 2012, 7:13 GMT | By

The next US president will be faced with a region still in the throes of unprecedented change

Economic woes: Protests against the collapse of the rial shut down Tehran's Grand Bazaar in early October

Tehran fights for economic future Subscription

18 October 2012, 6:59 GMT | By James Gavin

Weighed down by sanctions and a spiralling currency, Iran’s government has turned on itself

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MEED comment

Nuclear plants: Western fears appear to have cooled

World restarts nuclear talks

21 February 2013, 13:00 GMT

Discussions over Iran’s ambitious nuclear programme to reopen

Fall: A drop in the value of Iran's rial has spurred protests

Iran on brink of economic collapse

18 October 2012, 12:27 GMT

Tehran will have to formulate a more viable way to stabilise the economy

Hormuz: US is leading a naval exercise in the region

Time running out for Iran and West

20 September 2012, 15:04 GMT

Unprecedented show of military force in the Strait of Hormuz comes at a time of rising tensions in region

Riyadh

Military build-up a warning to Iran

30 August 2012, 14:19 GMT

Saudi Arabia flexes its muscle with multi-billion dollar spending spree on US arms

Iran: Aid has been slow to reach quake survivors

Tehran’s troubles continue to grow Subscription

16 August 2012, 15:07 GMT

Slow response to earthquake adds to international isolation and rising inflation in the Islamic republic

Impact: Gulf businesses have been hurt by the sanctions

Iran sanctions hit Dubai trade Subscription

2 August 2012, 13:36 GMT

Pressure from the US to sever Iranian trade ties has put Dubai’s links with Tehran under greater scrutiny. Now the emirate faces disagreement with Abu Dhabi over Iranian ties

Companies need virtual protection Subscription

19 July 2012, 15:18 GMT

Keeping industrial computer systems secure is fast becoming a priority as new malware emerges

Iran and Iraq’s diverging oil paths

15 July 2012, 7:47 GMT | By

In the mid-1960s, Saudi Arabia, Iran and Iraq produced close to 2 million b/d of oil. Since then, Saudi Arabia has increased its capacity fivefold and Iran has doubled its output, while Iraq has lost ground to both.

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Special reports

Iran

Iran: Inflation soars on back of subsidy reform Subscription

15 August 2012, 12:51 GMT

The latest round of international sanctions has hit Iran’s economy hard

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Market presentations

Top 100 projects 2012

Top 100 projects: The Middle East market gains momentum Subscription

3 February 2013, 9:23 GMT

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

Abu Dhabi petrochemicals plant

Future developments in Middle East petrochemicals Subscription

26 March 2012, 8:21 GMT

MEED’s exclusive subscriber-only online seminar on the petrochemicals sector in MENA outside of the GCC

Implementing the region’s long-term rail plans Subscription

20 July 2011, 12:54 GMT

More than $250bn worth of rail projects are planned or under development in the Middle East; in this webinar, MEED presents an overview of the market and its growth

More MEED webinars

Tenders & project awards

Iran: Converters Subscription

23 May 2013, 16:29 GMT

Supply of converters

Iran: Down hole tools Subscription

21 May 2013, 14:37 GMT | By

Supply of well logging down hole tools

Iran: Manual casing tongs Subscription

21 May 2013, 14:32 GMT | By

Supply of manual casing tongs

Iran: Compressors Subscription

21 May 2013, 12:44 GMT | By

Supply of compressors

Iran: Globe valves Subscription

15 May 2013, 7:49 GMT | By

Supply of merwede angle globe valves

Iran: Sulphur analysers Subscription

15 May 2013, 7:47 GMT | By

Supply of sulphur analysers

Iran: Gear oil Subscription

15 May 2013, 7:45 GMT | By

Supply of gear oil

Iran: Insecticide Subscription

13 May 2013, 21:02 GMT | By

Supply of 1,000 litres of space spraying insecticide

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Projects trends

Gulf projects index 14.05.13

Sharp drops lead to Gulf index decline Subscription

16 May 2013, 9:18 GMT

Kuwait only GCC state to record fall in value of projects sector

Gulf Projects Index

UAE and Iran push down Gulf index Subscription

9 May 2013, 9:48 GMT

Kuwait records biggest market growth after the launch of new transformer stations project

Gulf Projects Index

Iraq and Oman lift Gulf projects index Subscription

2 May 2013, 10:19 GMT

Baghdad projects market reaches a $500bn high registering a growth of 3.3 per cent

More Gulf Projets Index

Top 10 projects

Rank Project Name Sector Contract value ($m)
1 South Pars Gas Field Development: Phases 19 to 21 Gas 9,000
2 Tehran to Mashhad Electrification Project Power 8,500
3 South Pars Gas Field Development: Phases 17 & 18: Offshore Gas 7,000
4 West Ethylene Pipeline Gas 5,501
5 Tehran Metro Phase 3: Line 6 Transport 4,000
5 Tehran Metro Phase 3: Line 7 Transport 4,000
7 South Pars Gas Field Development: Phases 22 to 24 Gas 3,500
8 Neka to Jask Pipeline Oil 3,300
9 Iran to Syria Gas Pipeline Phase 1 Gas 3,000
10 Bandar Abbas Condensate Refinery Oil 2,500
10 South Pars Gas Field Development: Phases 17 & 18: Onshore Gas 2,500
10 South Pars Gas Field Development: Phases 19 to 21 Gas 9,000
Click through to the full data table on Iran's biggest projects in construction
Click through to MEED's Q1 2013 Top 100 Projects report
Source: MEED Projects; Data compiled: April 2013; All projects are in execution

Companies

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People

Ali Larijani Subscription

6 January 2013, 6:12 GMT

Ali Larijani is speaker, Iranian parliament

Suzanne Maloney Subscription

Issue 39 30 September-6 October 2011

Suzanne Maloney is Senior Fellow, Brookings Institute

Mahmoud Bahmani Subscription

Issue 27 8-14 July 2011

Mahmoud Bahmani is Governor, Bank Markazi

See all Iran biographies

Latest Iran news

Potential candidates register for Iranian presidential contest Subscription

16 May 2013, 7:51 GMT | By

Elections to take place 14 June

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