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When did Iran become the largest Economy amongst Muslim nations? (Nominal wise)

PakistaniandProud

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Iran grew nearly 100% from 2020 to 2022 to a GDP nominal output of 1,739,012 (in millions) making it the 14th largest economy in the world, just below Australia. This also makes it the largest economy amongst Muslim nations. Usually, Turkey and Saudi Arabia took this spot nominally while Indonesia took this spot PPP-wise.

Turkey dropped considerably from 720,098 to 692,380 in millions from 2020 to 2022. It currently ranks rank 23 right now below Poland and above Sweden. PPP wise Turkey ranks 11th, the second-highest amongst Muslim majority nations behind Indonesia.

Pakistan ranks 24th PPP-wise, making it the 6th largest amongst Muslim nations below Indonesia, Turkey, Saudi Arabia, Iran, and Egypt.


The economic diversifcation of Iran is still really poor as seen below:

1653286269373.png


Turkey's Economic Diversifcation:

1653286330485.png


Pakistan's economic diversifaction:

1653286369199.png


Saudi Arabia's Economic Diversifcation:

1653286406038.png



Indonesia's Economic Diversifaction:

1653286485725.png


The United Arab Emirate's economic diversifaction is rather surprising.

1653286533644.png
 
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Indos

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Iran grew nearly 100% from 2020 to 2022 to a GDP nominal output of 1,739,012 (in millions) making it the 14th largest economy in the world, just below Australia. This also makes it the largest economy amongst Muslim nations. Usually, Turkey and Saudi Arabia took this spot nominally while Indonesia took this spot PPP-wise.

Indonesia has been quite long become biggest nominal GDP Muslim country, while for PPP we have been in 7 largest in the world for some years.

If you want to understand Iran sudden jump in nominal GDP figure, go Googling about their official currency rate news.
 

Indos

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Your data about diversification is based on export data, not whole economy. That is easy way to know about economic complexity by seeing on the components in the export data (Oxford economic complexity model).

This is better to understand about the real manufacturing power of each nation

1653287027932.png


 

Indos

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I bet this is another Indian editor who edit this Wiki page about Nominal GDP figure of each nation. Since 2021 this page has 2020,2021, and 2022 data where for 2021 and 2022 are all projection.

GDP nominal figure should be based on previous year, under real figure, not projection as this page suggested, at least they should show 2021 real figure
 

yavar

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Iran grew nearly 100% from 2020 to 2022 to a GDP nominal output of 1,739,012 (in millions) making it the 14th largest economy in the world, just below Australia. This also makes it the largest economy amongst Muslim nations. Usually, Turkey and Saudi Arabia took this spot nominally while Indonesia took this spot PPP-wise.

Turkey dropped considerably from 720,098 to 692,380 in millions from 2020 to 2022. It currently ranks rank 23 right now below Poland and above Sweden. PPP wise Turkey ranks 11th, the second-highest amongst Muslim majority nations behind Indonesia.

Pakistan ranks 24th PPP-wise, making it the 6th largest amongst Muslim nations below Indonesia, Turkey, Saudi Arabia, Iran, and Egypt.


The economic diversifcation of Iran is still really poor as seen below:

View attachment 846859

Turkey's Economic Diversifcation:

View attachment 846860

Pakistan's economic diversifaction:

View attachment 846861

Saudi Arabia's Economic Diversifcation:

View attachment 846862


Indonesia's Economic Diversifaction:

View attachment 846863

The United Arab Emirate's economic diversifaction is rather surprising.

View attachment 846864
fake again
none sense 79% oil ? realy ?
publishing such propaganda is to cover up the other muslim countries shortcomings.

35% is the correct figure
 

SalarHaqq

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Iran grew nearly 100% from 2020 to 2022 to a GDP nominal output of 1,739,012 (in millions) making it the 14th largest economy in the world, just below Australia. This also makes it the largest economy amongst Muslim nations. Usually, Turkey and Saudi Arabia took this spot nominally while Indonesia took this spot PPP-wise.

Turkey dropped considerably from 720,098 to 692,380 in millions from 2020 to 2022. It currently ranks rank 23 right now below Poland and above Sweden. PPP wise Turkey ranks 11th, the second-highest amongst Muslim majority nations behind Indonesia.

Pakistan ranks 24th PPP-wise, making it the 6th largest amongst Muslim nations below Indonesia, Turkey, Saudi Arabia, Iran, and Egypt.


The economic diversifcation of Iran is still really poor as seen below:

View attachment 846859

Turkey's Economic Diversifcation:

View attachment 846860

Pakistan's economic diversifaction:

View attachment 846861

Saudi Arabia's Economic Diversifcation:

View attachment 846862


Indonesia's Economic Diversifaction:

View attachment 846863

The United Arab Emirate's economic diversifaction is rather surprising.

View attachment 846864

These charts were made by the MIT Harvard's Observatory of Economic Complexity, a US institute of lacking reliability when it comes to Iran, which as we know is systematically demonized and her achievements systematically downplayed by most American sources.

As user Indos indicated, these figures only relate to exports. In Iran's case, while the oil sector still represents an important segment of hard currency incomes, the figure is nowhere near 79% - it used to be on that level some twenty years ago. When it comes to the government's budget, oil exports now make up clearly less than 50% of revenues.

So these figures do not offer an accurate representation of Iran's economic diversification, which is considerably superior to the likes of Saudi Arabia.

_____

Your data about diversification is based on export data, not whole economy. That is easy way to know about economic complexity by seeing on the components in the export data (Oxford economic complexity model).

This is better to understand about the real manufacturing power of each nation

View attachment 846865


This chart is interesting, but concerning Iran there's a specific issue which doesn't seem to have been taken into account, namely the fact the Iranian currency has been experiencing unusual and lasting depreciation against the US dollar. Therefore, the value shown here won't appropriately mirror Iran's effective manufacturing volume.

Most of the non-petroleum commodities manufactured in Iran are destined to the domestic market of over 84 million people, and then to immediate neighbors such as Iraq, Turkey, Afghanistan, in addition to China and India.

To imagine that Saudi Arabia's industrial output is nearly twice as high as Iran's would definitely be misleading. Iran is much more industrialized. I'd suggest zooming in on large Iranian cities using some online satellite imaging service to realize the staggering amount of factories there are.

Iran is the world's 10th largest producer of steel.
https://worldpopulationreview.com/country-rankings/steel-production-by-country

The world's 7th largest producer of cement.

The world's 20th producer of automobiles.
https://worldpopulationreview.com/country-rankings/car-production-by-country

Has an extensive chemical and petrochemical manufacturing sector, a massive mining sector, significant machinery and electronics industries, defence industrial sector, agriculture and large scale food processing and so on.

A table is needed where these data discrepancies are factored in, to reflect the actual position of Iran.
 
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PakistaniandProud

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fake again
none sense 79% oil ? realy ?
publishing such propaganda is to cover up the other muslim countries shortcomings.

35% is the correct figure

The source for these charts is the MIT Harvard's Observatory of Economic Complexity, a US source of debatable reliability when it comes to Iran, a country systematically demonized in America.

As user Indos indicated, these are only relating to exports. In Iran's case, it's true that the oil sector still represents a significant part of hard currency incomes, however this figure now stands way below 79% according to official statistics (it used to be on that level some twenty years ago). When it comes to the government's budget, oil exports now make up for less than 50% of revenues.

So these figures do not offer an accurate representation of Iran's economic diversification, which is surely superior to the likes of Saudi Arabia.

_____



This chart is interesting, but concerning Iran there's a specific issue which doesn't seem to have been taken into account, namely the fact the Iranian currency has been experiencing unusual and lasting depreciation against the US dollar. Therefore, the value shown here (especially if nominal exchange rate was used) won't appropriately mirror Iran's effective manufacturing volume.

Most of the non-petroleum commodities manufactured in Iran are destined to the domestic market of over 84 million people, and then to immediate neighbors such as Iraq, Afghanistan etc.

To imagine that Saudi Arabia's industrial output is nearly twice as high as Iran's would definitely be misleading. Iran is much more industrialized. I'd suggest zooming in on large Iranian cities using some online satellite imaging service to realize the staggering amount of factories there are.

Iran is the world's 10th largest producer of steel.
https://worldpopulationreview.com/country-rankings/steel-production-by-country

The world's 7th largest producer of cement.

The world's 20th producer of automobiles.
https://worldpopulationreview.com/country-rankings/car-production-by-country

Has an extensive chemical and petrochemical manufacturing sector, significant machinery and electronics industries, defence industrial sector, agricultural and food industrial sector and so on.

A table is needed where currency discrepancies are factored in, to reflect the actual position of Iran.

Do you two have sources for the current economic complexity you keep referring to?
 

Hack-Hook

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As above, do you have the current data for export diversification available?
I have news data which state Iran export in last year was more than 100 miliard. Now according to your data our oil export would be more than 80 miliard. Which is not correct. That data belong to first term of ahmadinejad around 15 to 16 years ago.
 

PakistaniandProud

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I have news data which state Iran export in last year was more than 100 miliard. Now according to your data our oil export would be more than 80 miliard. Which is not correct. That data belong to first term of ahmadinejad around 15 to 16 years ago.

So, you don't have sources for economic diversity? That's what I'm getting.
 

SalarHaqq

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As above, do you have the current data for export diversification available?

Will look for more comprehensive stats if I get the time, but here some examples to start with:

21416.jpg


Detailed tables for these five sectors under the following link:

This is while the volume of crude oil production and exports decreased after 1979 and never reached pre-Revolution levels.

1024px-Oil_production_in_Iran.svg.png


Also consider that Iran's domestic oil consumption increased a lot, with the population more than doubling since 1979, ownership rate of automobiles growing steadily, gasoline being subsidized etc.
 
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Indos

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As above, do you have the current data for export diversification available?

The data seems true for export components, but you dont show the year in which they collect it

Check here present data ( just find any country export here )

Example

India’s Top 10 Exports​

The following export product groups categorize the highest dollar value in Indian global shipments during 2021. Also shown is the percentage share each export category represents in terms of overall exports from India.

  1. Mineral fuels including oil: US$56.4 billion (14.3% of total exports)
  2. Gems, precious metals: $38.2 billion (9.7%)
  3. Machinery including computers: $24.2 billion (6.1%)
  4. Iron, steel: $21.2 billion (5.4%)
  5. Organic chemicals: $21.2 billion (5.4%)
  6. Pharmaceuticals: $19.5 billion (4.9%)
  7. Vehicles: $18.9 billion (4.8%)
  8. Electrical machinery, equipment: $18.8 billion (4.8%)
  9. Cereals: $12.4 billion (3.1%)
  10. Cotton: $10 billion (2.5%)
India’s top 10 exports exceeded three-fifths (61%) of the overall value of its global shipments.


--------------------------------------------

Indonesia’s Top 10 Exports​


The following export product groups represent the highest dollar value in Indonesian global shipments during 2020. Also shown is the percentage share each export category represents in terms of overall exports from Indonesia.


  1. Mineral fuels including oil: US$25.6 billion (15.7% of total exports)
  2. Animal/vegetable fats, oils, waxes: $20.7 billion (12.7%)
  3. Iron, steel: $10.8 billion (6.6%)
  4. Electrical machinery, equipment: $9.2 billion (5.7%)
  5. Gems, precious metals: $8.2 billion (5%)
  6. Vehicles: $6.6 billion (4%)
  7. Rubber, rubber articles: $5.6 billion (3.4%)
  8. Machinery including computers: $5.2 billion (3.2%)
  9. Footwear: $4.8 billion (2.9%)
  10. Paper, paper items: $4.2 billion (2.6%)
Indonesia’s top 10 exports totaled 61.9% of Indonesia’s total exports.

 

beijingwalker

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Dollar based GDP is getting more and more unreliable, it's more real to gauge on a country's total manufacturing output, imports and exports and total trade volume to get a better picture.
 
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PakistaniandProud

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Dollar based GDP is getting more and more unreliable, it's more real to gauge on a country's total manufacturing output, imports and exports to get a better picture.

That's true to some point. But, the US still controls the defacto global currency. If anything, nominal GDP paints the real picture (and I say this knowing that my country drops 20 places in Nominal).

Will look for more comprehensive stats if I get the time, but here some examples to start with:

21416.jpg


Detailed tables for these five sectors under the following link:

This is while the volume of crude oil exports decreased after 1979 and never reacher pre-Revolution levels, mind you.

1024px-Oil_production_in_Iran.svg.png


Also factor in that Iran's domestic oil consumption increased a lot, with the population more than doubling since 1979.

I'll take a look.
 

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