Iran Economy 11-11-24

Nominal GDP $388.84B, Population 88,386,937, Labor Force 27,358,987, Labor Force Participation Rate 31%,

Per Capita GDP $5,310, Ave Salary 17,000 IRR = $340/yr, Poverty 55%, Inflation 40%. Exports $107.43B, Imports $54.46B. 

Main Industries: petroleum, petrochemicals, fertilizers, caustic soda, car manufacture, parts, 

pharmaceuticals, homeappliances, electronics, telecommunications, energy, power, textiles, construction, 

cement and other construction materials, food processing (particularly sugar refining and vegetable oil production), ferrous and non-ferrous metal fabrication, armaments

Exports    $107.43 billion (2018)

Export Goods   Petroleum (56%), chemical and petrochemical products, automobiles, fruts and nuts, carpets

Export Partners         Imports

China 36%                  28.4%

Turkey 20%                  8.7%

Kuwait 6%                   none    

Pakistan 4.7%             none

India 4.1%                   5.5%

Armenia 3.5%             none

Azerbaijan 2.8%         none

UAE 2.5%                 19.2%

Germany 1.8%           4.9%

Oman 1.7% (2022)    1.6%

Imports 54.46 billion (2018)

Import goods: Industrial raw materials and intermediate goods (46%), capital goods (35%), foodstuffs and other consumer goods and services.

Import Partners

China        28.4%

UAE         19.2%

Brazil       12.9%

Turkey      8.7%

India         5.5%

Germany  4.9%

Malasia    2.3%

Italy         1.7%

Oman      1.6%

France     0.9%

 

https://www.google.com/search?q=iran+economy+2024+wiki&oq=i&gs_lcrp=EgZjaHJvb

Comments

Iran’s citizens have been suffering under their Terror-Funding Islamic Dictatorship since 1980 and should be ready to put Iran’s citizens first and replace their government with a normal “Republic”. This is tricky. It appears that Candidates for President in Iran are hand-picked by the Islamic Leader. 

The total economic isolation Iran will be subject to will impact Iran’s citizens and unleash UN Food Aid. When the Islamic Republic goes broke, they may loosen their grip on the citizens.

US Sanctions on Iran Exports should reduce Iran’s Exports by 64% if all but China refuse to buy from Iran. China is in no position to give up its US manufacturing abruptly. As oil prices are reduced to $40 per barrel, all Oil Producing Countries will have their Export Revenue shrink by 40%.

$1 US dollar = IRR42.09 thousand Iranian Rial

1 IRR = 2 cents

Norb Leahy, Dunwoody GA Tea Party Leader