According to the definition from the International Monetary Fund (IMF), Iran is a developing country because of its lower economic performance. Iran is included on the list of rogue states by the USA. With an average annual income of 3,900 USD it is one of the lower middle-income countries.
Iran is a mixed economy with a large state-owned sector. It is the world's 21st largest by purchasing power parity (PPP). Some 60% of Iran's economy is centrally planned. It is dominated by oil and gas production, although over 40 industries are directly involved in the Tehran Stock Exchange.
* Iran ranks higher than Turkey on education (notably higher), but slightly under on health (life expectancy). The overall index puts Iran above Turkey because of the way separate components are compiled. The report puts life expectancy in Iran at 71.91 years, Turkey at 72.23 years.
One way to think about the inclusion of these countries among frontier markets is that they are relatively small economies with high levels of per capita GDP. But Iran is not a small economy. It is much more like Egypt, Indonesia, Brazil, or Mexico—countries considered emerging markets.
Iran is the world's fifth most resource-rich country, with the second largest natural gas reserves and the fourth largest crude oil reserves, and with a total value of resources amounting to $27.3 trillion.
Iran is the fifth richest country in the world in terms of natural resources such as oil, gas, coal, war and wood, gold, silver, copper, uranium, crude iron and phosphate, With one percent of the world's population, it has more than 7 percent of the world's mineral resources.
Economy. According to the definition from the International Monetary Fund (IMF), Iran is a developing country because of its lower economic performance. Iran is included on the list of rogue states by the USA. With an average annual income of 3,900 USD it is one of the lower middle-income countries.
It is a founding member of the United Nations, the ECO, the OIC, and the OPEC. It has large reserves of fossil fuels—including the second largest natural gas supply and the third-largest proven oil reserves. The country's rich cultural legacy is reflected in part by its 26 UNESCO World Heritage Sites.
Iran has made considerable advances in science and technology through education and training, despite international sanctions in almost all aspects of research during the past 30 years.
Iran has a GDP per capita of $12,400 as of 2020, while in India, the GDP per capita is $6,100 as of 2020. In Iran, 18.7% live below the poverty line as of 2007. In India, however, that number is 21.9% as of 2011.
China has a GDP per capita of $16,400 as of 2020, while in Iran, the GDP per capita is $12,400 as of 2020.
Iran has a GDP per capita of $12,400 as of 2020, while in Germany, the GDP per capita is $50,900 as of 2020.
OVERALL PROSPERITY. Iran is 126th in the overall Prosperity Index rankings. Since 2011, Iran has moved up the rankings table by 2 places.
Economy & population
Iran has 86,758.304 people. Its gross domestic product (GDP) is nearly $2 trillion, 11th largest in the world.
Iran's economic freedom score is 42.2, making its economy the 169th freest in the 2023 Index. Its score has decreased by 0.2 point from last year. Iran is ranked 14th out of 14 countries in the Middle East/North Africa region, and its overall score is well below the world and regional averages.
Iran external debt for 2021 was $10,348,874,167, a 90.48% increase from 2020. Iran external debt for 2020 was $5,433,188,396, a 11.9% increase from 2019. Iran external debt for 2019 was $4,855,393,068, a 15.9% decline from 2018. Iran external debt for 2018 was $5,773,699,804, a 15.33% decline from 2017.
The GFP index denotes Iran as a Top 20 world power. For 2023, Iran is ranked 17 of 145 out of the countries considered for the annual GFP review. The nation holds a PwrIndx* score of 0.2712 (a score of 0.0000 is considered 'perfect').
Iranian Armed Forces are the largest in the Middle East in terms of active troops. Iran's military forces are made up of approximately 610,000 active-duty personnel plus 350,000 reserve and trained personnel that can be mobilized when needed, bringing the country's military manpower to about 960,000 total personnel.
In the 2020 report, Iran ranks 118 out of 153 countries, slightly above the “unhappiest” quintile. The scores of the index, both overall and by category, are ranked among the countries. To answer the above question, it is useful to see Iran's ranking in the eight subcomponents as shown in Figure 2.
The United States attributes the worsening of relations to the 1979–81 Iran hostage crisis, Iran's repeated human rights abuses since the Islamic Revolution, its anti-Western ideology and its nuclear program. Since 1995, the United States has had an embargo on trade with Iran.
There are now 250,000 millionaires in Iran and most of them live in Tehran (Williams, 2021). An ordinary Iranian citizen makes $150–300 a month, while the monthly salary for an average middle-class individual is about $400–700.
Reviewing the changes in Iran's ranking in the last six years in the Web of Science index shows that in 2017, Iran ranked 17th in this index and maintained this rank until 2019. In 2020, Iran's rank increased by two places to 15, but in the last two years this rank was lost and in 2022 it returned to 17.
Iran has a very sophisticated and rich culture, and its historical cultural history is unmatched anywhere in the world. Iranians recall their culture with awareness as well. Iran is a historically rich nation with a rich history that includes civilizations like the Achaemenid Empire from antiquity.