Iran Economy

The latest news and views about the economy of Iran

Economy

Iranian MP: People getting weaker due to rial plunge against dollar

IFP Editorial Staff -
An Iranian member of parliament has issued a stark warning about the rising inflation in the country. Kazem Delkhosh Abatari said people are becoming weaker and weaker as a result of soaring prices.
Economy

Outspoken Iranian daily urges officials not to count on China for economic improvement

IFP Editorial Staff -
An outspoken Iranian daily accuses China of giving empty promises to Tehran in bilateral deals on trade cooperation, urging Iranian officials not to pin their hopes on Beijing in their efforts to improve the country’s economic situation.
Economy

Expert: First 10 months of current year was ‘inflation peak’ in Iran

Mahdi Arman -
An economic expert highlights a significant rise in Iran’s inflation under President Ebrahim Raisi, saying the first 10 months of the current Persian calendar year marked the peak of the country’s inflation in over seven decades.
Economy

Official: Iran non-oil exports rose by 17.66 percent to $45.3bn in ten months to January

IFP Editorial Staff -
Iran’s Customs Administration says the ten month exports of non-oil products in the country has hit 45.3 billion dollars, which is a 17.66 percent rise in terms of value compared to the same period of the previous year.
Local

MPs urge Iran’s govt. branches to help sooth economic, political tensions

IFP Editorial Staff -
A group of Iranian lawmakers have written to the heads of the three branches of the government to adopt measures aimed at calming the political and economic tensions that have gripped the country over the past few months.
Local

Iranian daily slams rising prices: Govt. officials incapable of running affairs

Mahdi Arman -
An outspoken Iranian daily criticizes a dramatic rise in prices and a drop in the value of the national currency, saying the economic shock shows the administration’s managers are unable to run the country’s affairs.
Economy

Statistics: Over 3 million lost jobs or left Iranian labor market in one year

IFP Editorial Staff -
Figures show more than three million people in Iran have either lost their employment or left the labor market in the country over the past year.
Economy

Private sector official: Cost of internet filtering to businesses well over $3bn announced

IFP Editorial Staff -
The Iranian private sector’s House of Industry and Mine says the cost of over a month of strict internet filtering in Iran due to protests and riots is far higher than the nearly $3bn announced by the Iranian chamber of commerce.
Economy

President Raisi: Iran witnessing growth in exports despite sanctions, threats

IFP Editorial Staff -
Iranian President Ebrahim Raisi says the Islamic Republic has recorded a significant growth in exports, including non-oil sales, despite all the economic sanctions and threats against the country.
Economy

“Livelihoods of 9 million people in peril because of internet shutdown”

IFP Editorial Staff -
The deputy head of Iran's chamber of commerce says each hour of internet outage is causing a loss of $1.5 million to the economy. Hossein Salahvarzi, in the meeting of the council of negotiations between the private sector and the government, said this has also put 9 million jobs at peril in Iran.
Economy

Iranian VP: Free trade zones with Russia can render sanctions ineffective

IFP Editorial Staff -
Iran’s First Vice President Mohammad Mokhber says US-led sanctions cannot stand in the way of trade between Iran and Russia، highlighting the role of free trade zones in bypassing the embargoes and expanding bilateral ties.
Economy

Iran’s exports of industrial products up 70%

IFP Editorial Staff -
Iran’s exports of industrial products have increased by 70% during the tenure of Ebrahim Raisi, who took over as Iranian President in August 2022.
Economy

Iran customs: Exports to Africa increased 40% in 5 months

IFP Editorial Staff -
Iran has experienced a 40-percent increase in its exports to African countries during the first five months of the Iranian year, from March to August, the spokesman for the Iranian customs announced.
Economy

Official: Iran-ECO trade up 40 percent

IFP Editorial Staff -
The spokesman of the Islamic Republic of Iran Customs Administration reports a 40-percent rise in the country’s exports of non-oil commodities to members of the Economic Cooperation Organization (ECO) in the first five months of this year, compared to the same period in 2021.
Economy

Poll: 87% of investors have no ‘clear picture’ of Iranian economy’s future

IFP Editorial Staff -
An opinion poll finds that a majority of investors in Iran do not have a “clear” picture of the country’s future, given the economic woes facing the Islamic Republic, saying they are now “walking the razor’s edge.”
Economy

Official: Iran’s 5-month trade with neighbors exceeds $20bn

IFP Editorial Staff -
Over 33 tons of goods worth 20.6 billion dollars have been exchanged between Iran and its neighboring counties during the past five months, showing a significant rise compared to same period last year, the spokesperson of Iran’s customs administration says.
Economy

Figures show 48% growth in foreign trade during 1st year of Raisi’s administration

IFP Editorial Staff -
During the first year of the 13th Iranian administration under President Raisi, the Islamic Republic’s foreign trade grew by an unprecedented 48%.
Economy

Iranian official: 22% increase in exports to neighbors

IFP Editorial Staff -
The spokesman for Iran’s customs organization has said in the first four months of the Persian year of 1401, 27,035,000 tons of goods worth $16,871,873,000 have been traded between Iran and neighboring countries.
Economy

Iran reports 58% increase in transit of foreign goods

IFP Editorial Staff -
The spokesman for Iran’s customs organization says since President Ebrahim Raisi took office in late August 2021, 151,496mn tons of goods worth $101,820bn have been traded between Iran and foreign countries.
Economy

Iran’s non-oil foreign trade touches $9bn mark

IFP Editorial Staff -
Iran’s non-petroleum foreign trade rose 19% in the month ending July 22, 2022, standing at nearly $9 billion, says an Iranian official.
Economy

Iran’s no-oil exports rise by 22% in first 4 months of this year

IFP Editorial Staff -
The Iranian government spokesman Ali Bahadori says Iran's no-oil exports in the first 4 months of the  Persian year 1401 hit 17 billion dollars.
Economy

Iranian Intelligence Ministry dismantles forgery ring

IFP Editorial Staff -
Iran’s Intelligence Ministry says its agents have dismantled a forgery and corruption ring after identifying all its members.
Economy

Iran 10th bigest steel producrer in the world, despite decrease in production

IFP Editorial Staff -
World Steel Association declared in its latest report that steel production in Iran in June 2022 decreased by 10.5% compared to the same period in 2021.
Local

Iranian president urges efforts to streamline border trade

IFP Editorial Staff -
Iranian President Ebrahim Raisi has called for authorities to make efforts to improve the livelihoods of people living in border areas.
Economy

Iran’s non-oil trade with SCO surges by 29%

IFP Editorial Staff -
Iran’s non-oil trade volume with permanent and observer member states of the Shanghai Cooperation Organization (SCO) has increased by 29 percent in the second quarter of 2022 compared to the same period last year, the spokesperson for Iran’s Customs Administration says.
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