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Iran

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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

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

    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

    Oil

    The impact of Western sanctions on Russia's oil and gas sector Subscription

    21 August 2014 | By

    Russian companies are seeking to increase their presence elsewhere in the Middle East

    Risk ratings in the Middle East and North Africa

    Navigating regional political and security risk Subscription

    17 August 2014 | By

    Investors face a widening and complex web of risks in the Middle East and North Africa region

    Top 100 projects, Q2 2014

    Top 100 projects index dips Subscription

    14 August 2014 | By

    Small fall in the total value of the Middle East’s biggest projects, but further pressure expected due to fighting in Iraq

    Filter Iran analysis by sector

    MEED comment

    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

    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

    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

    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

    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

    More MEED commentary

    Special reports

    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

    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, 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: Snubbing units Subscription

    17 December 2014 | By

    Provision and operation of snubbing units

    Iran: Water treatment plant Subscription

    17 December 2014 | By

    Provision of a water treatment plant as part of a water supply system project

    Iran: Hydraulic disc brake system parts (1) Subscription

    29 November 2014 | By

    Supply of hydraulic disc brake system parts

    Iran: Hydraulic disc brake system parts (2) Subscription

    29 November 2014 | By

    Supply of hydraulic disc brake system parts

    Iran: Oil well parts Subscription

    29 November 2014 | By

    Supply of oil well parts

    Iran: Mud cleaner parts (2) Subscription

    29 November 2014 | By

    Supply of mud cleaner parts

    Iran: Mud cleaner parts (1) Subscription

    29 November 2014 | By

    Supply of mud cleaner parts

    Iran: Vessel charter Subscription

    29 November 2014 | By

    Charter of three fast crew vessels

    Filter Iran tenders by sector

    Projects trends

    Gulf projects index

    Iran decline pulls down Gulf index Subscription

    18 December 2014

    Islamic Republic’s fall in value cancels out growth in UAE, Oman and Kuwait

    Gulf projects index

    Little change as states remain cautious Subscription

    11 December 2014

    Governments are engaging in more strategic planning to counter the impact of falling oil prices

    Value of projects planned or under way 2 Dec.jpg

    Kuwait growth fails to lift Gulf index Subscription

    4 December 2014

    UAE records biggest decline in value of projects market since August

    More Gulf Projets Index

    Consultants

    People

    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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