Iran Economy

The latest news and views about the economy of Iran

Economy

Iran says beats sanctions, economic growth exceeds 6 percent

IFP Editorial Staff -
The Iranian economic and financial affairs minister says the country experienced a growth rate of over 6 percent in economy during the past year.
Economy

IMF revises up economic growth projection for Iran in 2023

IFP Media Wire -
The International Monetary Fund (IMF) has revised up its previous economic growth projection for Iran in 2023, attributing it to a higher-than-expected increase in Tehran’s oil output.
Economy

Official says Iran in talks with several countries to set up joint free zones

IFP Media Wire -
Secretary of Iran’s Supreme Council of Free Trade-Industrial and Special Economic Zones Hojjatollah Abdolmaleki has said negotiations are underway between Tehran and 21 states to launch joint free zones.
Economy

Official says Iran’s trade with SCO states climbed 5.5%

IFP Media Wire -
Tehran’s international trade with the Shanghai Cooperation Organization (SCO) has increased to over $37 billion in the first 10 months of the current Iranian calendar year starting on March 21, 2023, an Iranian official has stated.
Economy

IMF says Iran’s economy registered 5.4% growth last year

IFP Media Wire -
The International Monetary Fund (IMF) in its latest report put Iran’s economic growth in 2023 at 5.4 percent.
Economy

Official: Iran’s non-oil exports hit $36bn

Mahdi Arman -
Iran’s non-oil exports have reached $36bn over the past nine months.
Economy

Official: Iran’s non-oil exports hit 54.6 billion dollars

IFP Editorial Staff -
The head of the Customs Organization of Iran says the country’s non-oil exports hit 54.6 billion dollars in the first half of the Persian year of 1402, starting on March 21, 2023.
Views

Analyst: Fixing Iran economy contnigent on JCPOA, FATF

IFP Editorial Staff -
A Tehran-based  international expert says that the key to reviving Iran's stagnant economy lies in resolving the issues surrounding the Joint Comprehensive Plan of Action (JCPOA), the International Atomic Energy Agency (IAEA), and the Financial Action Task Force (FATF).
Economy

Iran exported over 3mn metric tons of food products in 5 months: Report

IFP Media Wire -
Iran has exported more than three million metric tons of food products in the first five months of the current Iranian calendar year (March 21-August 22), which shows a 19% increase in value compared to the same period last year, according to a report.
Economy

IMF revises up its 2023 economic growth forecast for Iran

IFP Media Wire -
The International Monetary Fund (IMF) has revised up its 2023 economic growth forecast for Iran amid its better oil exports and despite the continued pressure of the US sanctions.
Economy

Central Bank says Iran’s foreign debt shrank by 27%

IFP Media Wire -
Iran’s foreign debts were reduced to $6.282 billion in the last Persian calendar year (ended on March 20), showing a 27.6 percent decrease compared to a year before, according to a report by the Central Bank of Iran (CBI).
Economy

IMF predicts Iran’s inflation to shrink in 2024

IFP Media Wire -
A report by the International Monetary Fund (IMF) says that the soaring inflation rates in Iran will fall significantly with an increase in demand for Iranian oil in major Asian economies and amid a gradual drop in consumer prices across the globe.
Economy

Iran emerges as biggest crude steel producer in West Asia: Report

IFP Media Wire -
The latest data released by the World Steel Association (WSA) show that Iran’s production of crude steel has accounted for 70% of the total output in the Middle East region during the first five months of the current year.
Economy

Official: Iranian businesses expect big jump in trade with Arab states

IFP Media Wire -
Iranian businesses believe trade with Arab countries of the Persian Gulf could see a jump in the near future amid a political rapprochement between Tehran and Riyadh, an official with Iran's private sector says.
Finance

1st VP: Iran’s asset frozen by US bans released in some countries

IFP Editorial Staff -
Iran’s First Vice President Mohammad Mokhber says the country’s assets frozen by US sanctions have been released in some countries, and that Tehran is making efforts to get access to the rest.
Economy

Economist claims Iran inflation under Raisi set new record high since WWII

IFP Editorial Staff -
An Iranian economist criticizes President Ebrahim Raisi’s handling of the country’s economic issues, claiming that the inflation set a record high in eight decades under his administration.
Economy

Iran’s economy grew by 4.7% in fourth quarter of 2022: World Bank

IFP Media Wire -
Figures released by the World Bank show that Iran's economy grew by 4.7 percent in the fourth quarter of 2022, standing at 15th place in the globe in terms of economic growth.
Economy

World Bank projects 2.2% economic growth for Iran despite sanctions

IFP Media Wire -
The World Bank (WB) has predicted that Iran’s economy will register a 2.2 percent growth in 2023 in spite of tough US sanctions.
Finance

Iran’s Central Bank governor meets IMF chief in Washington

Mahdi Arman -
The governor of the Central Bank of Iran (CBI) holds a meeting with the managing-director of the International Monetary Fund (IMF), Kristalina Georgieva, in Washington for talks on ways to expand bilateral interactions and cooperation.
Economy

Iran to soon gain quick access to $6.7 billion of its financial resources at IMF: CBI chief

IFP Editorial Staff -
Governor of the Central Bank of Iran (CBI) Mohammadreza Farzin says the country will soon acquire quick access to $6.7 billion of its financial resources at the International Monetary Fund (IMF).
Local

Iranian lawmaker rips into Raisi administration over runaway inflation

IFP Editorial Staff -
An Iranian lawmaker has criticized the President Ebrahim Raisi administration’s “incompetence” for failing to contain high inflation.
Economy

Value of Iran’s foreign trade up by 17% in first month of Persian year: Official data

IFP Editorial Staff -
Official figures show the volume of Iran’s foreign trade witnessed a 17-percent hike in the first month of the current Persian calendar year, with China and the United Arab Emirates (UAE) topping the list of the country’s trade partners.
Economy

Central Bank chief: Facilitating de-dollarization Iran’s strategic policy

IFP Editorial Staff -
The head of the Central Bank of Iran says the country is determined to help realize de-dollarization in international transactions, describing the approach as a “strategic policy” for the Islamic Republic.
Economy

Inflation rate in Iran hits record high under Raisi: Daily

IFP Editorial Staff -
An Iranian daily highlights the figures released by the Statistical Center showing that the inflation rate in the country sets a new record high to reach 45.8% in March.
Energy

Iran launches new Phase of giant Gas Field in Persian Gulf

IFP Editorial Staff -
Iran has inaugurated Phase 14 of the South Pars Gas Field in the Persian Gulf during a ceremony attended by President Ebrahim Raisi.
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