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    Iran Index 2006

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    Iran Economy - 2006
    https://theodora.com/wfbcurrent/iran/iran_economy.html
    SOURCE: 2006 CIA WORLD FACTBOOK

      Economy - overview:
      Iran's economy is marked by a bloated, inefficient state sector, over reliance on the oil sector, and statist policies that create major distortions throughout. Most economic activity is controlled by the state. Private sector activity is typically small-scale - workshops, farming, and services. President Mahmud AHMADI-NEJAD has continued to follow the market reform plans of former President RAFSANJANI, with limited progress. Relatively high oil prices in recent years have enabled Iran to amass some $40 billion in foreign exchange reserves, but have not eased economic hardships such as high unemployment and inflation. The proportion of the economy devoted to the development of weapons of mass destruction remains a contentious issue with leading Western nations.

      GDP (purchasing power parity):
      $552.8 billion (2005 est.)

      GDP (official exchange rate):
      $178.1 billion (2005 est.)

      GDP - real growth rate:
      4.8% (2005 est.)

      GDP - per capita (PPP):
      $8,100 (2005 est.)

      GDP - composition by sector:
      agriculture: 11.8%
      industry: 43.3%
      services: 44.9% (2005 est.)

      Labor force:
      23.68 million
      note: shortage of skilled labor (2005 est.)

      Labor force - by occupation:
      agriculture: 30%
      industry: 25%
      services: 45% (2001 est.)

      Unemployment rate:
      11.2% (2004 est.)

      Population below poverty line:
      40% (2002 est.)

      Household income or consumption by percentage share:
      lowest 10%: NA%
      highest 10%: NA%

      Distribution of family income - Gini index:
      43 (1998)

      Inflation rate (consumer prices):
      16% (2005 est.)

      Investment (gross fixed):
      30.5% of GDP (2005 est.)

      Budget:
      revenues: $48.82 billion
      expenditures: $60.4 billion; including capital expenditures of $7.6 billion (2005 est.)

      Public debt:
      27.5% of GDP (2005 est.)

      Agriculture - products:
      wheat, rice, other grains, sugar beets, fruits, nuts, cotton; dairy products, wool; caviar

      Industries:
      petroleum, petrochemicals, textiles, cement and other construction materials, food processing (particularly sugar refining and vegetable oil production), metal fabrication, armaments

      Industrial production growth rate:
      3% excluding oil (2005 est.)

      Electricity - production:
      142.3 billion kWh (2003)

      Electricity - consumption:
      132.1 billion kWh (2003)

      Electricity - exports:
      840 million kWh (2003)

      Electricity - imports:
      600 million kWh (2003)

      Oil - production:
      3.979 million bbl/day (2005 est.)

      Oil - consumption:
      1.425 million bbl/day (2003 est.)

      Oil - exports:
      2.5 million bbl/day (2004 est.)

      Oil - imports:
      NA bbl/day

      Oil - proved reserves:
      133.3 billion bbl (2005 est.)

      Natural gas - production:
      79 billion cu m (2003 est.)

      Natural gas - consumption:
      79 billion cu m (2003 est.)

      Natural gas - exports:
      3.4 billion cu m (2003 est.)

      Natural gas - imports:
      4.92 billion cu m (2003 est.)

      Natural gas - proved reserves:
      26.62 trillion cu m (2005)

      Current account balance:
      $8.179 billion (2005 est.)

      Exports:
      $55.42 billion f.o.b. (2005 est.)

      Exports - commodities:
      petroleum 80%, chemical and petrochemical products, fruits and nuts, carpets

      Exports - partners:
      Japan 18.4%, China 9.7%, Italy 6%, South Africa 5.8%, South Korea 5.4%, Taiwan 4.6%, Turkey 4.4%, Netherlands 4.1% (2004)

      Imports:
      $42.5 billion f.o.b. (2005 est.)

      Imports - commodities:
      industrial raw materials and intermediate goods, capital goods, foodstuffs and other consumer goods, technical services, military supplies

      Imports - partners:
      Germany 12.8%, France 8.3%, Italy 7.7%, China 7.2%, UAE 7.2%, South Korea 6.1%, Russia 5.4% (2004)

      Reserves of foreign exchange and gold:
      $40.06 billion (2005 est.)

      Debt - external:
      $16.94 billion (2005 est.)

      Economic aid - recipient:
      $408 million (2002 est.)

      Currency (code):
      Iranian rial (IRR)

      Exchange rates:
      rials per US dollar - 8,964 (2005), 8,614 (2004), 8,193.9 (2003), 6,907 (2002), 1,753.6 (2001)
      note: Iran has been using a managed floating exchange rate regime since unifying multiple exchange rates in March 2002

      Fiscal year:
      21 March - 20 March


      NOTE: The information regarding Iran on this page is re-published from the 2006 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Iran Economy 2006 information contained here. All suggestions for corrections of any errors about Iran Economy 2006 should be addressed to the CIA.

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    https://theodora.com/wfbcurrent/iran/iran_economy.html

    Revised 06-Jun-06
    Copyright © 2006 Photius Coutsoukis (all rights reserved)


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