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Iran has the highest nominal GDP in the Middle East: post JCPOA potential

dilpakistani

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never understood these numbers though...according to world bank Iran GDP nominal is just 203 Billion USD...
IMF calculates it around 1.1 trillion
 

Muhammed45

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313ghazi

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I've been watching a Pakistani travel vlogger driving through Iran, and other than the very old cars - it looks like a developed country. Surprised at how many people speak Urdu too.
 

aryobarzan

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When any heavily sanctioned country is forced to "Build" everything and "Grow" everything it will automatically leads to more people working and that will boost GDP .
here is the definition of GDP:the total monetary value of all final goods and services produced (and sold on the market) within a country during a period of time (typically 1 year).

PS: The same will happen to Russia and they will thank Americans for it..:azn:


Iran’s GDP stands at $1tr despite economic war
  1. Politics
December 27, 2021 - 10:42


TEHRAN - The International Monetary Fund (IMF) has put the Islamic Republic of Iran’s GDP at 1 trillion dollars in the year 2021.
According to the IMF’s World Economic Outlook report released in October 2021, Iran is even ranked higher than regional countries such as Saudi Arabia and Turkey as two heavyweight economies, which are members of the G-20 group.
The statistics come as Iran has been under the heaviest illegal sanctions in history when Donald Trump officially withdrew the United States from the 2015 nuclear deal – JCPOA) – in May 2018 under his “maximum pressure” campaign against the Islamic Republic.
When Trump abandoned the JCPOA, his top hawkish diplomat Mike Pompeo said the U.S. will impose “the strongest sanctions in history” on Iran. Also in November 2018, John Bolton, who was the White House national security advisor at the time, said, “It’s our intention to squeeze them (Iranians) very hard… until the pips squeak.”
The Trump administration imposed as many sanctions as possible to the extent that his treasury secretary Steven Mnuchin announced that the U.S. is running out of options for more sanctions on Iran.
However, the data by the IMF proves that the illusions were wrong.
The chief reason may be that Iran has built an economy based on resistance with the least reliance on oil incomes. In other words, Iran has turned into a self-reliant economy with a primary focus on domestic capacities and knowledge-based companies.
Iran has gradually taken a departure from "addiction" to oil money to import goods. It mostly produces what it's needed, though with a lower quality. However, it has set the bedrock for continued economic development.
A professor of economy at Shahid Beheshti University says Iran has broken the record of the government of Mohammad Mosaddegh in running the country without oil income.
Iran has learned that it should move toward a generative economy. It has also realized that necessity is the mother of invention.
The figures by the IMF show that 1-trillion-dollar GDP in the current year happened despite the fact that Iran has been among the hardest-hit countries by the Covid-19 pandemic in the world. The disease, among many malaises, also brought Iran’s income from tourism to nearly zero.
Facing political and economic pressure from the West, the Islamic Republic has also sought to develop economic and trade ties with Eurasian Economic Union countries. It was also admitted as a member of the Shanghai Cooperation Organization (SCO) in September 2020. Through reliance on domestic capacities and developing ties with regional blocs, Iran has proven that the world is not just the West.
Iran overtaking Netherlands, Switzerland in the top 20 list
According to the report, Iran would be overtaking the Netherlands, Saudi Arabia, Turkey, and Switzerland in the top 20 list.
the United States and China would occupy the first two places in both methods' GDP ranking.
It also said China will remain the world's largest economy on a purchasing power parity (PPP) basis over the next few decades as 2nd ranked U.S. is growing slow and 3rd ranked India is way behind.
In the nominal GDP list, there would be no change in the top 10.
Among the top 50, the economic rank of South Africa would move up by eight positions, while Egypt would lose four places.
In the PPP ranking, there would be no change in the top 10 list. Other changes in the top 20 would be Taiwan overtaking Australia. Among the top 50, Ireland will climb three spots.
In the list of top 50, all economies will experience a positive growth rate in 2021. Ireland is the fastest-growing economy with 14.04%, followed by Chile (11.00%). Thailand has the lowest growth rate of 0.96%, followed by the United Arab Emirates (2.24%) and Japan (2.36%).


Here is the full list:
1640611501852.png
 
Last edited:

drmeson

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Iran nominal GDP at open market currency rate is around $200 billion.

GDP at open market currency is irrelevant to a Sanctioned country. Nominal GDP is a true marker. Sanctions are politics, today they exist, tomorrow they would not exist and that is when nominal GDP will matter.

Iran and china are two neighbours in relationship with whom we should invest the most , rest two of our neigbours are a gone case sadly.

Saudi Arabia will destroy your country if you raise your trade with Iran. We have to live with realities.
 

drmeson

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never understood these numbers though...according to world bank Iran GDP nominal is just 203 Billion USD...
IMF calculates it around 1.1 trillion

That is because world bank numbers are based upon open market GDP which is irrelevant for a sanctioned country. Look at other countries in the list without sanctions that their IMF and world bank figures are almost similar. That is because they are not sanctioned. If sanctions are gone, we would probably even beat Indonesia and be the most financially strong country Muslim country.

When any heavily sanctioned country is forced to "Build" everything and "Grow" everything it will automatically leads to more people working and that will boost GDP .
here is the definition of GDP:the total monetary value of all final goods and services produced (and sold on the market) within a country during a period of time (typically 1 year).

PS: The same will happen to Russia and they will thank Americans for it..:azn:


Iran’s GDP stands at $1tr despite economic war
  1. Politics
December 27, 2021 - 10:42


TEHRAN - The International Monetary Fund (IMF) has put the Islamic Republic of Iran’s GDP at 1 trillion dollars in the year 2021.
According to the IMF’s World Economic Outlook report released in October 2021, Iran is even ranked higher than regional countries such as Saudi Arabia and Turkey as two heavyweight economies, which are members of the G-20 group.
The statistics come as Iran has been under the heaviest illegal sanctions in history when Donald Trump officially withdrew the United States from the 2015 nuclear deal – JCPOA) – in May 2018 under his “maximum pressure” campaign against the Islamic Republic.
When Trump abandoned the JCPOA, his top hawkish diplomat Mike Pompeo said the U.S. will impose “the strongest sanctions in history” on Iran. Also in November 2018, John Bolton, who was the White House national security advisor at the time, said, “It’s our intention to squeeze them (Iranians) very hard… until the pips squeak.”
The Trump administration imposed as many sanctions as possible to the extent that his treasury secretary Steven Mnuchin announced that the U.S. is running out of options for more sanctions on Iran.
However, the data by the IMF proves that the illusions were wrong.
The chief reason may be that Iran has built an economy based on resistance with the least reliance on oil incomes. In other words, Iran has turned into a self-reliant economy with a primary focus on domestic capacities and knowledge-based companies.
Iran has gradually taken a departure from "addiction" to oil money to import goods. It mostly produces what it's needed, though with a lower quality. However, it has set the bedrock for continued economic development.
A professor of economy at Shahid Beheshti University says Iran has broken the record of the government of Mohammad Mosaddegh in running the country without oil income.
Iran has learned that it should move toward a generative economy. It has also realized that necessity is the mother of invention.
The figures by the IMF show that 1-trillion-dollar GDP in the current year happened despite the fact that Iran has been among the hardest-hit countries by the Covid-19 pandemic in the world. The disease, among many malaises, also brought Iran’s income from tourism to nearly zero.
Facing political and economic pressure from the West, the Islamic Republic has also sought to develop economic and trade ties with Eurasian Economic Union countries. It was also admitted as a member of the Shanghai Cooperation Organization (SCO) in September 2020. Through reliance on domestic capacities and developing ties with regional blocs, Iran has proven that the world is not just the West.
Iran overtaking Netherlands, Switzerland in the top 20 list
According to the report, Iran would be overtaking the Netherlands, Saudi Arabia, Turkey, and Switzerland in the top 20 list.
the United States and China would occupy the first two places in both methods' GDP ranking.
It also said China will remain the world's largest economy on a purchasing power parity (PPP) basis over the next few decades as 2nd ranked U.S. is growing slow and 3rd ranked India is way behind.
In the nominal GDP list, there would be no change in the top 10.
Among the top 50, the economic rank of South Africa would move up by eight positions, while Egypt would lose four places.
In the PPP ranking, there would be no change in the top 10 list. Other changes in the top 20 would be Taiwan overtaking Australia. Among the top 50, Ireland will climb three spots.
In the list of top 50, all economies will experience a positive growth rate in 2021. Ireland is the fastest-growing economy with 14.04%, followed by Chile (11.00%). Thailand has the lowest growth rate of 0.96%, followed by the United Arab Emirates (2.24%) and Japan (2.36%).


Here is the full list:
1640611501852.png

Amazing man.

tough times makes you stronger , really applies to Iran.

 

K_Bin_W

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I am very happy and pleased with Iran especially against all odds it has made impressive progress. Now only if all the regional countries get together put their differences aside and make peace. This will of course send the west to ICU but that is the final destiny.
 

nahtanbob

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GDP at open market currency is irrelevant to a Sanctioned country. Nominal GDP is a true marker. Sanctions are politics, today they exist, tomorrow they would not exist and that is when nominal GDP will matter.

I agree the $200 billion is too low. The weak currency reflects overall weakness of country's political economy
 

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