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Iran Economy
GDP:
purchasing power parity - $478.2 billion (2003 est.)
GDP - real growth rate:
6.1% (2003 est.)
GDP - per capita:
purchasing power parity - $7,000 (2003 est.)
GDP - composition by sector:
agriculture: 12.5%
industry: 41.2%
services: 46.2% (2003 est.)
Investment (gross fixed):
28.6% of GDP (2003)
Population below poverty line:
40% (2002 est.)
Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: NA
Inflation rate (consumer prices):
16.4% (2003 est.)
Labor force:
22.32 million
note: shortage of skilled labor (2003 est.)
Labor force - by occupation:
agriculture 30%, industry 25%, services 45% (2001 est.)
Unemployment rate:
15.7% (2002 est.)
Budget:
revenues: $40.38 billion
expenditures: $40.29 billion, including capital expenditures of $7.6 billion (2003 est.)
Public debt:
28.2% of GDP (2003)
Industries:
petroleum, petrochemicals, textiles, cement and other construction materials, food processing (particularly sugar refining and vegetable oil production), metal fabricating, armaments
Industrial production growth rate:
3% excluding oil (2003 est.)
Electricity - production:
124.6 billion kWh (2001)
Electricity - production by source:
fossil fuel: 97.1%
hydro: 2.9%
other: 0% (2001)
nuclear: 0%
Electricity - consumption:
115.9 billion kWh (2001)
Electricity - exports:
0 kWh (2001)
Electricity - imports:
0 kWh (2001)
Oil - production:
3.804 million bbl/day (2001 est.)
Oil - consumption:
1.277 million bbl/day (2001 est.)
Oil - exports:
2.2 million bbl/day (2003)
Oil - imports:
NA (2001)
Oil - proved reserves:
94.39 billion bbl (1 January 2002)
Natural gas - production:
61.5 billion cu m (2001 est.)
Natural gas - consumption:
65.59 billion cu m (2001 est.)
Natural gas - exports:
110 million cu m (2001 est.)
Natural gas - imports:
4.2 billion cu m (2001 est.)
Natural gas - proved reserves:
24.8 trillion cu m (1 January 2002)
Agriculture - products:
wheat, rice, other grains, sugar beets, fruits, nuts, cotton; dairy products, wool; caviar
Current account balance:
$3.935 billion (2003)
Exports:
$29.88 billion f.o.b. (2003 est.)
Exports - commodities:
petroleum 80%, chemical and petrochemical products, fruits and nuts, carpets
Exports - partners:
Japan 23%, China 10.2%, Italy 6.6%, South Korea 5%, Netherlands 4% (2003 est.)
Imports:
$25.26 billion f.o.b. (2003 est.)
Imports - commodities:
industrial raw materials and intermediate goods, capital goods, foodstuffs and other consumer goods, technical services, military supplies
Imports - partners:
Germany 11.5%, France 9%, China 8.8%, Italy 8.5%, Switzerland 7.1%, UAE 7.1%, Russia 4.6%, Japan 4.3% (2003 est.)
Reserves of foreign exchange & gold:
$25.13 billion (2003)
Debt - external:
$10.96 billion (2003 est.)
Economic aid - recipient:
$408 million (2002 est.)
Currency code:
IRR
Exchange rates:
rials per US dollar - 8,193.89 (2003), 6,906.96 (2002), 1,753.56 (2001), 1,764.43 (2000), 1,752.93 (1999)
note: Iran has been using a managed floating exchange rate regime since unifying multiple exchange rates in March 2002.
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