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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

Iran trends

Stalemate: Iran and the P5+1 countries seem unlikely to reach a quick resolution

Outlook for doing business with Iran improves Subscription

17 July 2014 | By

While a quick resolution on Iran’s nuclear programme remains elusive, many countries in the region are strengthening ties with the Islamic Republic

Iran nuclear talks 14 July 2014

Business world eyeing Iran opportunities as nuclear talks come to a head Subscription

14 July 2014 | By

GCC stands to gain by boosting ties with a more open Iran after years of strained relations

Limited potential: Development of Iran’s vast offshore South Pars gas field has been constrained by sanctions

Iran nuclear talks vital to regional gas crisis Subscription

26 June 2014 | By

Tehran’s ability to solve the Gulf’s gas shortages hinges on whether a long-term nuclear deal can be reached

Mena oil production 2013

Mena share of global oil production slips Subscription

24 June 2014 | By

Production drops in Libya, Iran and Syria as US output surges

Rouhani: Tehran willing to work with Washington on Iraq

Sectarian shadow falls across region Subscription

19 June 2014 | By James Gavin

Tehran’s emergence as a key player in the Iraq conflict is causing considerable anxiety in Gulf states, especially Saudi Arabia, which fear this could undermine their influence in the region

Oil offshore

Oil exporters put the brakes on spending Subscription

12 June 2014 | By Dominc Dudley

Oil exporters are starting to trim spending to keep budgets more in line with oil prices

Oil prices and Middle East oil production

Stable oil prices expected in 2014 Subscription

11 June 2014 | By

Energy Information Administration forecasts average prices of almost $105 a barrel  

Gas flare

Iraq exports essential for Iran gas development Subscription

28 May 2014 | By

Tehran aims to start 270-kilometre Iran-Iraq gas pipeline in 2015

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MEED comment


Geneva talks key to gas issue

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

Clash: Iran's return could affect Opec oil production

Tehran to shift crude balance Subscription

23 January 2014 | By

Iran hopes to return to full oil production as quickly as possible, but this could lead to a cut in output from Opec members, or risk a flood of crude on the global market

UAE-Iran disputed islands

UAE-Iran islands deal would affect Gulf relations Subscription

16 January 2014 | By

Reported agreement would increase Iran’s influence in Strait of Hormuz and Oman ties

Sheikh Mohammed bin Rashid al-Maktoum, Vice-president and prime minister, UAE; Ruler, Dubai

Easing of Iran-UAE relations

13 January 2014 | By

UAE should grasp opportunity of Iran rapprochement to improve ties with long-standing trade partner

Conflict: A rise in Iran’s output could affect oil prices

Shifting Iran's oil output balance Subscription

31 December 2013

The nuclear deal has raised Tehran’s hopes that it can increase its oil production, but other Opec members fear this would cause a fall in prices

Iran's Foreign Minister Mohammad Javad Zarif (left) with President Hassan Rouhani (right)

Iran nuclear deal promises much Subscription

27 November 2013 | By

US should not be deflected by allies’ concerns

Gulf midstream

Midstream moves up Gulf agenda Subscription

31 October 2013

A world-class midstream sector enables countries to exploit the current boom in oil and gas prices

Rouhani: Reaching out to GCC leaders as well as the US

First steps on a long road for Iran Subscription

24 October 2013

The US and other world powers will need to convince their allies in the Middle East to trust Tehran and aim for a reduction in tensions

More MEED commentary

Special reports


Iran: Tehran strengthens ties with GCC Subscription

6 January 2014

Oman’s leader Sultan Qaboos bin Said al-Said made the first official visit to Iran by a foreign head of state, after the election of President Hassan Rouhani in late August


MEED Yearbook 2014: Infrastructure spending drives economic rebound Subscription

5 January 2014 | By

Energy efficiency moves to the fore

New leadership

Iran: Optimism high for incoming president Subscription

25 July 2013

It is hoped Iran’s President-Elect Hassan Rouhani will push through reforms and build better ties with the West

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

Abu Dhabi petrochemicals plant

Future developments in Middle East petrochemicals Subscription

26 March 2012

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

More MEED webinars

Top 10 projects

Rank Project Name Sector Contract value ($m)
1 South Pars Gas Field Development: Phases 19 to 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 to 24 Gas 3,500
7 Neka to Jask Pipeline Oil 3,300
8 South Pars Gas Field Development: Phases 13 & 14: Offshore Gas 2,500
8 South Pars Gas Field Development: Phases 13 & 14: Onshore Gas 2,500
8 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 Q1 2014 Top 100 Projects report
Source: MEED Projects; Data compiled: April 2014; All projects are in execution

Tenders & project awards

Iran: Dry dock expansion equipment Subscription

23 July 2014 | By

Supply of mechanical installation and industrial equipment for the expansion of a dry dock

Iran: Transmission parts Subscription

22 July 2014 | By

Supply of transmission parts

Iran: Salt lake mine exploitation Subscription

17 July 2014 | By

Exploitation of a salt lake mine

Iran: Crude oil SPM manifolds Subscription

17 July 2014 | By

Provision, on an engineering, procurement and construction (EPC) basis, of manifolds for a crude oil single point mooring (SPM)

Iran: Pipeline Subscription

15 July 2014 | By

Provision of engineering, procurement, transportation and installation of flexible pipeline

Iran: Full bore parts Subscription

15 July 2014 | By

Supply of full bore parts

Iran: Wire, cable and solar panels Subscription

9 July 2014 | By

Supply of wire, cable and solar panels

Iran: Ferro-manganese Subscription

9 July 2014 | By

Supply of high carbon ferro-manganese

Filter Iran tenders by sector

Projects trends

Gulf Projects Index

Iraq war weighs on Gulf index Subscription

24 July 2014

Increasing instability causes Iraq projects market to contract by $13bn

Gulf Projects Index

Dubai’s Mall of the World boosts index Subscription

17 July 2014

UAE and Bahrain are the outstanding markets of the week

Gulf Projects Index

Four Gulf states keep index stable Subscription

10 July 2014

Growth in Oman, Iraq, the UAE and Saudi Arabia cancels out decline in Kuwait

More Gulf Projets Index


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

Ali Larijani Subscription

6 January 2013

Ali Larijani is speaker, Iranian parliament

See all Iran biographies

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