Cancerous Tumor
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This is why I say US dollar based GDP is getting more and more unreliableThat'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).
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I just googled this:Iran's economy has also surpassed that of Indonesia under the toughest sanctions. Per capita is 12700 US dollars. There is no doubt that Iran is the largest economy in the Muslim world.
You do realize that IMF is taking the official exchange rate (provided by the government) to calculate the nominal GDP of a country? This is the sole reason why Iran's GDP is artificially inflated. It doesn't reflect the reality.
It's basically fake:
IMF’s calculation says Iran’s nominal GDP, based on the low “official” USD rate (42,000) has almost doubled since 2017 and reached about $835 billion in 2020, but the World Bank says it declined from $445 billion in 2017 to $203 billion in 2020, based on the USD rate at Iran’s open currency market.
Considering the fivefold difference between official and open market currency rates in Iran, the huge gap between the two estimates is quite reasonable.
Iran’s GDP Growth Report - Much Ado About Nothing
A new report about the Iran's economic growth prospects for the current fiscal year, forecasts a 6.2% “real” GDP growth in the most optimistic, and 3.4% growth in a pessimistic scenario.www.iranintl.com
Iran is not only the biggest economy, but has the most natural resources. More then sauds when you combine oil/gas Usually ranked between 2-4th on the world with around 30 trillion dollars worth of natural resources.
This is a product every single human on earth needs daily (as the west sanctions stronk team is finding out the hard way)
ALL this with the heaviest sanctions regime imposed on any country on earth during that period.
Turkey is drowning in inflation, and their economy is extremely fragile. Constantly relying on naked tourists from around the world, and producing relatively low tech exports that can EASILY be replaced by many different countries. Indonesia is slightly better off, but resources poor, and producing nothing that cant be easily replaced.
Iran also has almost no government debt.
If Iran had the geopolitical status of Turkey/Indonesia/saudi arabia. Its would have living standards on par with Europe.
No amount of turkey delusions or jealousy will change this fact. You are an ant infront of Iran economically.
According to IMF’s Middle East and Central Asia economic outlook report, Iranian government’s net debt equaled to 41.5% of nominal GDP or $591 billion (based on official USD rate at 42,000 rials) in 2021. It was only $45 billion during 2000-2018 on average, or 11.8% of nominal GDP. The figure reached $214 billion in 2019 and increased to $351 billion in 2020.
IMF Says Iranian Government Debt Has Soared Since 2018
Iranian government debts have soared since 2018, when the US imposed tough sanctions on the Islamic Republic, International Monetary Fund’s figures show.www.iranintl.com
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
LONDON, May 19 (Reuters) - Iran's crude exports to China have fallen sharply since the start of the Ukraine war as Beijing favoured heavily discounted Russian barrels, leaving almost 40 million barrels of Iranian oil stored on tankers at sea in Asia and seeking buyers.More Russian oil going east squeezes Iranian crude sales to ChinaIran's crude exports to China have fallen sharply since the start of the Ukraine war as Beijing favoured heavily discounted Russian barrels, leaving almost 40 million barrels of Iranian oil stored on tankers at sea in Asia and seeking buyers.
www.reuters.com
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it's based on IMF estimates for 2022 however Iran's oil exports to China have dropped from 900,000 barrels per day to 250,000 bpd since the start of the Ukraine conflict, with China switching to cheaper Russian oil. You are right OP's figures are hilariously out of touch with ground realities.
Price protests turn political in Iran as rallies spread
Spreading protests across Iran over a cut in state subsidies on food have turned political with slogans calling for top leaders to step down, according to posts on social media, and unconfirmed reports said at least four protesters were killed.www.reuters.com
LONDON, May 19 (Reuters) - Iran's crude exports to China have fallen sharply since the start of the Ukraine war as Beijing favoured heavily discounted Russian barrels, leaving almost 40 million barrels of Iranian oil stored on tankers at sea in Asia and seeking buyers.
More Russian oil going east squeezes Iranian crude sales to China
Iran's crude exports to China have fallen sharply since the start of the Ukraine war as Beijing favoured heavily discounted Russian barrels, leaving almost 40 million barrels of Iranian oil stored on tankers at sea in Asia and seeking buyers.www.reuters.com
Iran is not only the biggest economy, but has the most natural resources. More then sauds when you combine oil/gas Usually ranked between 2-4th on the world with around 30 trillion dollars worth of natural resources.
This is a product every single human on earth needs daily (as the west sanctions stronk team is finding out the hard way)
ALL this with the heaviest sanctions regime imposed on any country on earth during that period.
Turkey is drowning in inflation, and their economy is extremely fragile. Constantly relying on naked tourists from around the world, and producing relatively low tech exports that can EASILY be replaced by many different countries. Indonesia is slightly better off, but resources poor, and producing nothing that cant be easily replaced.
Iran also has almost no government debt.
If Iran had the geopolitical status of Turkey/Indonesia/saudi arabia. Its would have living standards on par with Europe.
No amount of turkey delusions or jealousy will change this fact. You are an ant infront of Iran economically.
To bypass US sanctions, Iran hides lots of its export data (specially petro products) , so all the statistics are questionable.it's based on IMF estimates for 2022 however Iran's oil exports to China have dropped from 900,000 barrels per day to 250,000 bpd since the start of the Ukraine conflict, with China switching to cheaper Russian oil. You are right OP's figures are hilariously out of touch with ground realities.
Price protests turn political in Iran as rallies spread
Spreading protests across Iran over a cut in state subsidies on food have turned political with slogans calling for top leaders to step down, according to posts on social media, and unconfirmed reports said at least four protesters were killed.www.reuters.com
LONDON, May 19 (Reuters) - Iran's crude exports to China have fallen sharply since the start of the Ukraine war as Beijing favoured heavily discounted Russian barrels, leaving almost 40 million barrels of Iranian oil stored on tankers at sea in Asia and seeking buyers.
More Russian oil going east squeezes Iranian crude sales to China
Iran's crude exports to China have fallen sharply since the start of the Ukraine war as Beijing favoured heavily discounted Russian barrels, leaving almost 40 million barrels of Iranian oil stored on tankers at sea in Asia and seeking buyers.www.reuters.com
Iran is not only the biggest economy, but has the most natural resources. More then sauds when you combine oil/gas Usually ranked between 2-4th on the world with around 30 trillion dollars worth of natural resources.
This is a product every single human on earth needs daily (as the west sanctions stronk team is finding out the hard way)
ALL this with the heaviest sanctions regime imposed on any country on earth during that period.
Turkey is drowning in inflation, and their economy is extremely fragile. Constantly relying on naked tourists from around the world, and producing relatively low tech exports that can EASILY be replaced by many different countries. Indonesia is slightly better off, but resources poor, and producing nothing that cant be easily replaced.
Iran also has almost no government debt.
If Iran had the geopolitical status of Turkey/Indonesia/saudi arabia. Its would have living standards on par with Europe.
No amount of turkey delusions or jealousy will change this fact. You are an ant infront of Iran economically.