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Iran Business Report

General information
Source: The World Factbook - Central Intelligence Agency
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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
Persian

English might be spoken only in major cities, where some English signs are also present

Corruption perception index (Source: Transparency International)
130/180

Very 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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