Is Iran's Economy Collapsing?
I have been reading lots of news about the collapse of the Iranian Economy due to the Sanctions. Is this true?
The recent news say that the average families in Iran can't afford even the basic requirements of life... Iranian rial is in crisis and facing severe devaluation against the dollar...
True or not... the numbers below tell a different story. Please tell what do you think?
GDP (purchasing power parity)/ data in US dollars
$1.003 trillion (2011 est.)
$928.7 billion (2009 est.)
GDP - composition by sector
agriculture:
10.4%
industry:
37.7%
services:
51.8% (2011 est.)
Exports Profile of Iran
Exports
$131.8 billion (2011 est.)
$108.6 billion (2010 est.)
Exports - partners
China 21%, India 9.3%, Japan 8.9%, Turkey 8.7%, South Korea 7.9%, Italy 5.2% (2011)
Exports - commodities
petroleum 80%, chemical and petrochemical products, fruits and nuts, carpets
The recent news say that the average families in Iran can't afford even the basic requirements of life... Iranian rial is in crisis and facing severe devaluation against the dollar...
True or not... the numbers below tell a different story. Please tell what do you think?
GDP (purchasing power parity)/ data in US dollars
$1.003 trillion (2011 est.)
$928.7 billion (2009 est.)
GDP - composition by sector
agriculture:
10.4%
industry:
37.7%
services:
51.8% (2011 est.)
Exports Profile of Iran
Exports
$131.8 billion (2011 est.)
$108.6 billion (2010 est.)
Exports - partners
China 21%, India 9.3%, Japan 8.9%, Turkey 8.7%, South Korea 7.9%, Italy 5.2% (2011)
Exports - commodities
petroleum 80%, chemical and petrochemical products, fruits and nuts, carpets