Iran Macroeconomics

Iran demographics at a glance Iran, the second largest economy in the Middle East and North Africa region with a nominal GDP estimated to be $412 billion in 2016, is home to around 26 million households. More than 60% of the 79 million population is under 34, creating a sizable and dynamic consumer market.

82.1m Iran Population DESA (2018)

1.1% Population Growth Rate DESA (2018)

25.8m Number of Households Statistical Center of Iran (2016)

72.7 Life Expectancy at Birth(Male) CIA World Factbook (2018)

75.5 Life Expectancy at Birth(Female) CIA World Factbook (2018)

Iran economy at a glance Although Iran as a middle-eastern country is mainly characterized by substantial hydrocarbon reserves, its $412 billion economy is highly diversified as oil and gas rent makes only a quarter of the GDP. According to a recent study by McKinsey Global Institute, Iran has an economy growth potential of $1 trillion in the next 20 years considering its strategic location, highly urbanized population, and growing consuming class.

$614bn Nominal GDP World Bank (2018)

2.9% Real GDP Growth Rate CEIC (2018)

$5414 GDP per Capita (at PPP) World Bank (2017)

$256bn Personal Disposable Income IMF Estimates (2016)

12.1% Unemployment Rate World Bank (2018)

13.7% Inflation rate World Bank (2018)

32.1% Government gross debt (% of GDP) World Bank (2017)

4.2% Current account balance (% of GDP) IMF Estimates (2016)

$2bn Net FDI Inflows (BoP, current US$) Central Bank of Iran (2017)