By continuing to use the site you agree to our Privacy & Cookies policy


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

If you are not a MEED subscriber but need access to trusted information, expert analysis and new sales leads then subscribe to the Middle East’s leading business intelligence service now


Country data

Iran 2008 2009 2010 2011 2012f 2013f 2014f
Nominal GDP ($bn) 350.6 360.6 419.1 495.9* 548.9 429.2 362.3
GDP per capita ($) 4,857 4,927 5,638 6,599* 7,211 5,568 4,639
Real GDP growth (annual change, %) 0.6 4 5.9 3* -1.9 -1.3 1.1
Government revenue (% of GDP) 25.4 23.6 24.2 25.8 15.3 13.6 13.1
Government total expenditure (% of GDP) 24.7 22.6 21.2 21.7 17.6 17.1 17.2
Total government debt (gross, % of GDP) 13.3 14.7 16.7 13.7 10.7 11.5 12.6
Current account balance (% of GDP) 6.5 2.6 6.5 12* 4.9 3.6 1.9
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 (%) 17.8 10.4 19.9 21.8 31.9 22 20
Click to see full economic data (2005 - 2018 forecast)
Source: International Monetary Fund, World Economic Outlook Database, June 2013; *=Estimate

Hot topic: Nuclear negotiations with Iran


Sheikh Mohammed to visit Iran

15 April 2014, 19:58 GMT | By

UAE Vice President and Prime Minister Sheikh Mohammed accepts invitation from Iranian President Hassan Rouhani

    Iran trends

    Opec oil production 2012-13

    Opec output shrunk in 2013 on Iran and Libya production cuts Subscription

    29 January 2014, 8:04 GMT | By

    Non-Opec output replaced Opec supply as exporters brace for the potential return of Iran

    Balance: Iran’s return could force Saudi Arabia to drop output by as much as 1.5 million barrels a day

    Iran’s return to full oil production Subscription

    23 January 2014, 13:04 GMT | By

    Opec members may cut output or risk oversupply

    Dialogue: Rouhani and Obama’s telephone conversation on 27 September was the first between Iranian and the US leaders for more than 30 years

    A new horizon for Iran and the US Subscription

    24 October 2013, 7:31 GMT | By

    Iran’s new president has rekindled hopes for a nuclear deal, but there are still plenty of hurdles ahead

    Middle East contract awards September 2013

    Middle East contracts awarded: September 2013 Subscription

    20 October 2013, 7:57 GMT | By

    Over $8bn awarded in September in the Middle East

    Oman: Looks to be enabling US-Iran talks

    Omani leader visits Tehran opening way for dialogue with the West Subscription

    5 September 2013, 9:59 GMT | By

    Iran and Oman leaders discuss renewed cooperation as countries plan joint gas pipeline

    Middle East and North Africa region Muslim population percentage

    Religious pluralism amid restrictions Subscription

    4 September 2013, 11:58 GMT | By

    Growing sectarian tensions are further restricting the Middle East’s diverse religious groups

    Iran and Oman natural gas imports and exports

    Iran looks at new gas export options Subscription

    28 August 2013, 13:05 GMT | By

    Iran-Oman gas pipeline could provide new avenue for Iran

    Opec petroleum export revenues

    Opec reports record high in petroleum exports Subscription

    21 August 2013, 9:05 GMT | By

    Export revenues reached $1.26 trillion in 2012, but likely to fall this year on lower crude prices

    Filter Iran analysis by sector

    MEED comment

    Clash: Iran's return could affect Opec oil production

    Tehran to shift crude balance Subscription

    23 January 2014, 13:58 GMT | 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, 12:47 GMT | 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, 12:19 GMT | 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, 10:16 GMT

    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, 8:28 GMT | By

    US should not be deflected by allies’ concerns

    Gulf midstream

    Midstream moves up Gulf agenda Subscription

    31 October 2013, 13:55 GMT

    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, 15:11 GMT

    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


    Iran firms hopeful after EU ruling

    12 September 2013, 15:55 GMT | By

    The annulment of sanctions against seven Iranian companies could have far-reaching consequences

    More MEED commentary

    Special reports


    Iran: Tehran strengthens ties with GCC Subscription

    6 January 2014, 4:43 GMT

    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, 7:11 GMT | By

    Energy efficiency moves to the fore

    New leadership

    Iran: Optimism high for incoming president Subscription

    25 July 2013, 8:07 GMT

    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, 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

    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 Bandar Abbas Condensate Refinery Oil 2,500
    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 Q4 2013 Top 100 Projects report
    Source: MEED Projects; Data compiled: January 2014; All projects are in execution

    Tenders & project awards

    Iran: City buses Subscription

    17 April 2014, 9:07 GMT | By

    Supply of city buses

    Iran: Sandy calcined alumina Subscription

    16 April 2014, 19:57 GMT | By

    Supply of sandy calcined metallurgical grade alumina

    Iran: Top wall refractory repair Subscription

    15 April 2014, 15:53 GMT | By

    Repair of refractory top wall blast furnace

    Iran: Locomotive cranes Subscription

    15 April 2014, 15:24 GMT | By

    Supply of locomotive cranes

    Iran: Gate valves Subscription

    14 April 2014, 11:53 GMT | By

    Supply of gate valves

    Iran: Finned tubes Subscription

    14 April 2014, 11:39 GMT | By

    Supply of seamless finned tubes

    Iran: Heavy naphtha Subscription

    14 April 2014, 11:35 GMT | By

    Supply of reforming heavy naphtha

    Iran: U-tubes Subscription

    14 April 2014, 11:27 GMT | By

    Supply of 3/4-inch u-tubes

    Filter Iran tenders by sector

    Projects trends

    Gulf projects index

    Iraq and UAE lead Gulf index growth Subscription

    17 April 2014, 11:01 GMT

    Kuwait, Qatar and Iran record largest declines in value

    Gulf Projects Index 8 April 2014

    UAE leads growth in Gulf index Subscription

    10 April 2014, 11:06 GMT

    Iraq records largest decline in value of projects market in the region

    Gulf projects index

    UAE records strong growth Subscription

    3 April 2014, 9:31 GMT

    Oman sees second-largest increase while Iran continues poor performance

    More Gulf Projets Index


    See all company profiles


    Hassan Rouhani Subscription

    7 January 2014, 6:48 GMT

    Hassan Rouhani is President, Iran

    Humayun Arvmchy

    6 May 2013, 12:18 GMT

    Humayun Arvmchy is manager, Ahab Construction Company

    Abadollah Abdollahi

    6 May 2013, 7:12 GMT

    Abadollah Abdollahi is commander, Khatam al-Anbia Construction Base

    Mohammad Montazeri

    6 May 2013, 0:00 GMT

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

    Ali Larijani Subscription

    6 January 2013, 6:12 GMT

    Ali Larijani is speaker, Iranian parliament

    See all Iran biographies

    Newsletter Sign-up

    More sector and country newsletters

    Subscribe to MEED to receive your choice of premium newsletters

    Find out more