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

Iran

Profile

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

Iran met uranium targets, says UN nuclear watchdog

Iran's nuclear programme Subscription

7 August 2014 | By

Iran wants to generate 20GW of energy via nuclear power by 2020

Iran trends

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

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

Filter Iran analysis by sector

MEED comment

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

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

Region: Political stability a must to be able to go nuclear

Nuclear: Backing key to plans

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 Subscription

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 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 Q2 2014 Top 100 Projects report
Source: MEED Projects; Data compiled: September 2014; All projects are in execution

Tenders & project awards

Iran: Coal tar pitch Subscription

30 September 2014 | By

Supply of coal tar pitch

Iran: Coring services Subscription

30 September 2014 | By

Provision of coring services

Iran: Cobalt acetate Subscription

30 September 2014 | By

Supply of 12 tonnes of cobalt acetate

Iran: Potassium chloride Subscription

30 September 2014 | By

Supply of granular potassium chloride

Iran: Aluminum boron Subscription

23 September 2014 | By

Supply of aluminum boron (AL-B)

Iran: Tubing pipes Subscription

16 September 2014 | By

Supply of seamless tubing pipes

Iran: Wire rope Subscription

16 September 2014 | By

Supply of wire rope

Iran: Mud pump parts Subscription

16 September 2014 | By

Supply of mud pump parts

Filter Iran tenders by sector

Projects trends

Gulf projects index

Conflict weighs on Gulf index Subscription

25 September 2014

Large declines in Iraq and Iran drag down value of region’s projects market

Gulf projects index

Saudi Arabia sees biggest expansion Subscription

18 September 2014

Kingdom’s surge pushes Gulf Projects Index up by 1 per cent

Gulf projects index

Expansion in Saudi Arabia lifts market Subscription

11 September 2014

Projects announcements in Kuwait and Saudi Arabia give boost to Gulf Projects Index

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

Ali Larijani Subscription

6 January 2013

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
-->