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The GDP of Iran contracted in FY 2018 and FY 2019 and modest rebound is expected in 2020/2021 according to an April 2020 World Economic Outlook by the IMF. [44] Challenges to the economy include the COVID-19 outbreak starting in February 2020, which on top of US sanctions reimposed in mid-2018 and other factors, led a fall in oil production and ...
GDP per capita (1950-2018) Iran: GDP, CPI and Current account data (1980-2010) According to the 1979 Iranian Constitution, it is the duty of the Islamic government to furnish all citizens with equal and appropriate opportunities, to provide them with work, and to satisfy their essential needs, so that the course of their progress may be assured ...
On the whole, PPP per capita figures are less spread than nominal GDP per capita figures. [5] The rankings of national economies over time have changed considerably; the economy of the United States surpassed the British Empire's output around 1916, [6] which in turn had surpassed the economy of the Qing dynasty in aggregate output decades earlier.
Certain regions that are not widely considered countries such as Hong Kong also show up in the list if they are distinct jurisdiction areas or economic entities. GDP comparisons using PPP are arguably more useful than those using nominal GDP when assessing the domestic market of a state because PPP takes into account the relative cost of local ...
These figures have been taken from the International Monetary Fund's World Economic Outlook (WEO) Database (October 2024 edition) and/or other sources. [1] For older GDP trends, see List of regions by past GDP (PPP).
A high-level North Korean economic delegation was on its way to Iran, the North's state media said Wednesday, for what would be the two countries’ first known talks since the start of the COVID ...
After the 1979 Islamic Revolution, the U.S. increased sanctions on Iran's theocratic government over the American Embassy siege, Tehran's links to militant attacks and other issues.
Iran, [a] [b] officially the Islamic Republic of Iran (IRI) [c] and also known as Persia, [d] is a country in West Asia.It borders Turkey to the northwest and Iraq to the west, Azerbaijan, Armenia, the Caspian Sea, and Turkmenistan to the north, Afghanistan to the east, Pakistan to the southeast, the Gulf of Oman and the Persian Gulf to the south.