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Iran

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Country data

Iran

Iran 2009 2010 2011 2012 2013 2014 2015f
Nominal GDP ($bn) 360.6 419.1 541.1 398.0 367.1 402.7* 417.3
GDP per capita ($) 4,927 5,638 7,200 5,237 4,769* 5,165 5,284
Real GDP growth (annual change, %) 2.3 6.6 3.9 -6.6 -1.9 1.5* 2.2
Government revenue (% of GDP) 23.6 24.2 19.7 15.0 14.6 13.1* 12.3
Government total expenditure (% of GDP) 22.6 21.2 19.5 15.3 15.6 15.2* 14.6
General government debt (gross, % of GDP) 11.5 13.5 9.2 11.8 11.3 11.2* 11.1
Current account balance (% of GDP) 2.6 6.5 11.0 6.6 7.5 4.2* 1.7
Inflation (%) 10.5 19.7 20.5 41.2 19.7 20.0* 20.0
Population (millions) 73.2 74.3 75.2 76.0 77* 78.0 79.0
Unemployment (%) 11.9 13.5 12.3 12.2 10.4 11.6* 12.2
Click to see full economic data (2005 - 2019 forecast)
Source: International Monetary Fund, World Economic Outlook Database, February 2015; *=Estimate

Analysis

Abdelmalek al-Houthi

Yemen crisis – main players Subscription

22 April 2015 | By

A guide to the major actors in the ongoing Yemen conflict

The US Navy sent the carrier USS Theodore Roosevelt and its escort cruiser, USS Normandy, from the Gulf into the Arabian Sea on 19 April. A Pentagon spokesman denied reports the ships were on a mission to intercept Iranian arms shipments to Yemen

US increases involvement in Yemen conflict

21 April 2015 | By

Washington shows force against Iran as two sides close in on nuclear deal

Global oil production

Oil price still not ready for recovery Subscription

21 April 2015 | By

Opec optimism unfounded while global market remains oversupplied

Saudi Arabia says the Yemen insurgency is being fuelled by Iran

Regional powers collide in Yemen Subscription

21 April 2015 | By

Fears of growing Iranian influence are behind Saudi Arabia’s military operation

Iran nuclear talks in Lausanne

MEED board report, April 2015 Subscription

8 April 2015 | By

Key events and trends in the region over the past month and their impact on the outlook for the Middle East and North Africa

Talks: The ‘key parameters’ of a deal aimed at preventing Tehran from building a nuclear bomb have been agreed upon

The way forward for Tehran Subscription

7 April 2015 | By

The Lausanne agreement has left investors eagerly awaiting the lifting of sanctions

Mohammed Javad Zarif

Iran and US at odds on sanctions removal Subscription

7 April 2015 | By

Differences appear with domestic announcements

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

A general view of Iran's Bushehr nuclear power plant

Hopes rise on reported Iran uranium deal Subscription

6 January 2015 | By

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

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

Yearbook

MEED Yearbook 2015 Subscription

24 December 2014

Spending will continue despite uncertainty

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  

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

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

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

Filter Iran analysis by sector

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

Yearbook

MEED Yearbook 2015 Subscription

24 December 2014

Spending will continue despite uncertainty

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

Iran

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

Cover

MEED Yearbook 2014: Infrastructure spending drives economic rebound

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

Iran

Iran: Inflation soars on back of subsidy reform Subscription

15 August 2012

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

More Iran special reports

Multimedia

Mark Watts

Key decisions to follow Lausanne agreement Subscription

31 March 2015 | By

Current round of Iran nuclear talks are important step, but accord will not be fleshed out until June

Mark Watts

Crunch time for Iran talks Subscription

23 March 2015 | By

Negotiators have until the end of March to reach an agreement on Iran’s nuclear programme

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 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 South Pars Gas Field Development: Phases 19: Offshore Gas 4,800
5 Tehran Metro: Line 6 Transport 4,000
5 Tehran Metro: Line 7 Transport 4,000
7 South Pars Gas Field Development: Phases 22 to 24 Gas 3,500
8 Bandar Abbas Condensate Refinery Oil 2,500
8 South Pars Gas Field Development: Phases 13: Offshore Gas 2,500
8 South Pars Gas Field Development: Phases 14: Offshore Gas 2,500
8 South Pars Gas Field Development: Phases 14: Onshore Gas 2,500
8 South Pars Gas Field Development: Phases 13: 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 Q4 2014 Top 100 Projects report
Source: MEED Projects; Data compiled: April 2015; All projects are in execution

Tenders & project awards

Iran: Gas field development Subscription

2 May 2015 | By

Provision of a study and development, on a buy-back contract basis, of five onshore gas fields

Iran: Calcium stearate Subscription

30 April 2015 | By

Supply of calcium stearate

Iran: Magnesium stearate Subscription

30 April 2015 | By

Supply of magnesium stearate

Iran: TBC Subscription

30 April 2015 | By

Supply of TBC

Iran: TSP Subscription

30 April 2015 | By

Supply of TSP

Iran: Hydraulic shunting locomotives Subscription

28 April 2015 | By

Supply of diesel hydraulic shunting locomotives

Iran: Wastewater treatment plant Subscription

27 April 2015 | By

Carrying out the engineering, procurement, construction and financing (EPCF) of a wastewater treatment plant

Iran: Nozzle well filler Subscription

24 April 2015 | By

Supply of nozzle well filler

Filter Iran tenders by sector

Projects trends

Gulf projects index

Saudi Arabia leads Gulf index rise Subscription

27 April 2015

Kingdom recovers lost ground on projects value, while most other markets struggle

Gulf projects index

Gulf index sees biggest fall in months Subscription

21 April 2015

Only three countries post expansions in value

Gulf projects index

Bahrain makes biggest gains Subscription

14 April 2015

Iran and Qatar also expand, but fail to lift Gulf Projects Index

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

See all Iran biographies

Mark Watts

Key decisions to follow Lausanne agreement Subscription

31 March 2015 | By

Current round of Iran nuclear talks are important step, but accord will not be fleshed out until June

Tehran

Iran: Nuclear deal critical for economy

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

Business latest

Saudi Arabia’s ambassador to the US, Adel al-Jubeir, has been appointed the kingdom's foreign minister

Riyadh denies Iran talks Subscription

4 May 2015 | By

Stories stating that new foreign minister planned to fly to Tehran “fabricated”

Bahrain puts banks into administration

Bahrain puts banks into administration Subscription

3 May 2015 | By

Central bank takes control of Iranian-owned bank and insurer

Natural gas well head

Iran seeks interest in $2.7bn gas development Subscription

29 April 2015 | By

Buyback contract offered to develop five onshore fields in southwestern Fars province

Steel industry

Middle East steel production rose in March Subscription

22 April 2015 | By

Marginal increase driven by higher output in the UAE and Saudi Arabia

The US Navy sent the carrier USS Theodore Roosevelt and its escort cruiser, USS Normandy, from the Gulf into the Arabian Sea on 19 April. A Pentagon spokesman denied reports the ships were on a mission to intercept Iranian arms shipments to Yemen

US increases involvement in Yemen conflict

21 April 2015 | By

Washington shows force against Iran as two sides close in on nuclear deal

Senate Foreign Relations Committee

US Congress involvement in Iran deal creates new barriers Subscription

16 April 2015 | By

Iran needs assurance that US sanctions will be dropped to go through with nuclear accord

Middle East and North Africa oil export growth

IMF cuts growth forecasts for Middle East oil producers Subscription

15 April 2015 | By

Lower oil prices dampens economic outlook

Gas pipeline

Oman and Iran yet to decide gas pipeline route Subscription

14 April 2015 | By

Key infrastructure project stuck at pre-design stage; pricing will be left until end of construction

Tehran Stock Exchange

New Iran investment fund expected in April Subscription

9 April 2015 | By

Foreign investor interest in Iran ramps up post-nuclear agreement

Tehran Stock Exchange

Investment firms sign deal to promote Iranian securities Subscription

7 April 2015 | By

Charlemagne Capital and Turquoise Partners set to boost investment in Iran  

Filter Iran news by sector


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