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.
$1.692 trillion (PPP; 2023 est.)
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.
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.
According to the definition from the International Monetary Fund (IMF), Iran is a developing country because of its lower economic performance.
Is Iran poor than India? 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 Australia, the GDP per capita is $48,700 as of 2020.
Australia is considered a wealthy nation with a market-based economy that has a comparatively high gross domestic product and per capita income. Its economy is driven by the service sector and the export of commodities. [Explore the top universities in Australia.]
Iran (pronounced ee-RAHN), formerly known as Persia, is situated at the crossroads of Central Asia, South Asia, and the Arab states of the Middle East. This strategic position—and its access to the Persian Gulf in the south—have made Iran an important country throughout its history.
Iran has a GDP per capita of $12,400 as of 2020, while in Pakistan, the GDP per capita is $4,600 as of 2020. In Iran, 18.7% live below the poverty line as of 2007. In Pakistan, however, that number is 24.3% as of 2015.
The main gold-rich regions in Iran are: Meydouk in Shahr-e Babak (Kerman Province), Khorapeh in Piranshahr (West Azerbaijan Province), Nabijan in Kalaybar, (East Azerbaijan Province)
The Persian Empire obtained much of its wealth as a result of its prolific crops. Even some of the most urban cities in the empire relied on agriculture.
Proven oil reserves in Iran, according to its government, rank third largest in the world at approximately as of 2023 although it ranks third if Canadian reserves of unconventional oil are excluded. This is roughly 10% of the world's total proven petroleum reserves.
Sydney has featured in the top ten of the world's wealthiest cities with 35 per cent growth of high-net-worth individuals in the past decade.
New South Wales: a diverse economy and high income
Among all the states and territories in Australia, New South Wales is considered the richest state. It has the largest economy, a diverse range of industries, and a higher-than-average income, which contribute to its status as the wealthiest state.
In 2021, the National Australian Bank's study, 'Life in the Lucky Country', found that 94 per cent of Australians still find this island nation a great place to live.
On a mean wealth basis, Australia was the fourth-richest country in 2021 behind Switzerland, the US and Hong Kong.
Australia has plentiful supplies of natural resources, including the second largest accessible reserves of iron ore in the world, the fifth largest reserves of coal and significant gas resources. For a long time, commodities have made up a sizeable share of our exports.
Chinese people in Iran form one of the smaller groups of overseas Chinese; Iran's total Chinese population is estimated at between 2,000 and 3,000 people.
Official diplomatic relations were first established in 1937. The two civilizations have had a history of cultural, political, and economic exchanges along the Silk Road since at least 200 BC, and possibly earlier. They have developed a friendly, economic, and strategic relationship.
OVERALL PROSPERITY. Iran is 126th in the overall Prosperity Index rankings. Since 2011, Iran has moved up the rankings table by 2 places.