Iran At a Glance

QUICK FACTS

  • Official Name: Islamic Republic of Iran
  • Capital: Tehran
  • Government Type: Theocratic republic
  • Head of State: Supreme Leader Sayyid Ali Hosseini-KHAMENEI  (since 1989)
  • Head of Government: President Hassan Fereidun ROUHANI (since 2013)
  • Land Mass: 1,531,595 km² (591,352 mi²)
  • Sea and Water: 116,600 km² (45,020 mi²)
  • Currency: Iranian Rial (IRR)
  • Major cities: Tehran, Mashhad, Esfahan, Karaj, Shiraz, Tabriz
  • Language: Persian (official), Azeri Turkic and Turkic dialects, Kurdish, Gilaki and Mazandarani, Luri, Balochi, Arabic, other languages
  • Time zone: 3.5 hours ahead of Greenwich Mean Time (GMT)
  • Telephone Code: +98

 STRATEGIC LOCATION

  • Neighboring Countries are Turkey and Iraq at West; Armenia, Azerbaijan and Turkmenistan at North; Afghanistan and Pakistan at East.
  • Access to the Caspian Sea, Persian Gulf and Gulf of Oman
Source: Organization for Investment, Economic and Technical Assistance of Iran

POPULATION

  • Iran’s population in 2017 is 82 million with median age of 30.3
  • Almost 30 million labor force

ECONOMY

  • 18th largest economy in the world in terms of GDP PPP (2016)
  • 2nd largest economy  in the Middle East and North Africa in terms of GDP PPP (2016)
  • GDP in current prices: USD 404.4 billion (2016)
  • GDP per capita in current prices: USD 5,027* (2016)
  • GDP growth in 2016 was 12.5%

FOREIGN TRADE

  • Total volume of exports was USD 84.0 billion in 2016.
  • Total volume of imports was USD 63.1 billion in 2016.
  • Main product groups in exports are petroleum, chemical and petrochemical products, fruits and nuts, carpets, cement, ore.
  • Main product groups in imports are industrial supplies, capital goods, foodstuffs and other consumer goods, technical services.

FOREIGN DIRECT INVESTMENT

  • Total FDI inflow: USD 3.4 billion in 2016**
  • Total FDI stock: USD 48.5 billion in 2016**

 GLOBAL TRADE AND MEMBERSHIPS

  • Member of G 15, G 77, FAO, ECO, OPEC, IBRD, WTO (Observer), Shanghai Cooperation Organization (observer)

 

 

Source: CIA World Factbook, 2017
*Source: International Monetary Fund, World Economic Outlook Database, October 2017
**Source: United Nations Conference on Trade and Development, 2017