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Iran's economy is marked by an inefficient state sector, reliance on the oil sector, which provides the majority of government revenues, and statist policies, which create major distortions throughout the system. Most economic activity is controlled by the state. Private sector activity is typically limited to small-scale workshops, farming, and services. Price controls, subsidies, and other rigidities weigh down the economy, undermining the potential for private-sector-led growth. Significant informal market activity flourishes. The legislature recently passed President Mahmud AHMADI-NEJAD's bill to reduce subsi...  More..

Economy of Iran
SOURCE: CIA - The World Factbook
Currency Rial
Fiscal Year 21 March - 20 March
GDP (PPP) $876 billion (2009 est.)
GDP (per capita) $12,900 (2009 est.)
Exports $70.16 billion (2009 est.)
Imports $57.16 billion (2009 est.)
Main Industries Petroleum, Petrochemicals, Fertilizers, Caustic Soda, Textiles, Cement and Other Construction Materials, Food Processing (Particularly Sugar Refining and Vegetable Oil Production), Ferrous and Non-ferrous Metal Fabrication, Armaments
Exports - Commodities Petroleum 80%, Chemical and Petrochemical Products, Fruits and Nuts, Carpets
Imports - Commodities Industrial Raw Materials and Intermediate Goods, Capital Goods, Foodstuffs and Other Consumer Goods, Technical Services
Exports Partners China 15.2%, Japan 14.2%, India 9.2%, South Korea 6.4%, Turkey 6.4%, Italy 4.5% (2008)
Imports Partners UAE 18.8%, China 12.6%, Germany 9%, South Korea 6.8%, Russia 5.2%, Italy 5%, France 4.1% (2008)

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