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Iran Business Report
General information
Source: The World Factbook - Central Intelligence Agency
Population
82,021,564 (July 2017 est.)GDP (PPP)
$1.631 trillion (2017 est.)Third largest economy in the Middle East
GDP growth rate
3.5% (2017 est.)Growth has been very discontinous (12.6% in 2016 but -1.6% in 2015) and the prospect of re-imposed sanctions will likely weigh on the economy
GDP (PPP) per capita
$20,000 (2017 est.)Medium
Local currency
Iranian Rial (IRR)Weak currency which has depreciated continuously throughout the past 5 years
Financial stability (Public debt)
14.2% of GDP (2017 est.)Very low
Inflation
10.5% (2017 est.)High and increasing from 2016
Language
PersianEnglish might be spoken only in major cities, where some English signs are also present
Corruption perception index (Source: Transparency International)
130/180Very high level of corruption
Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT
N/A
Corporate Tax
N/A
Duties
N/A
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