Newsletter subscribe

Business location Iran

The Iranian market wins by the abolition of the sanctions rapidly in meaning for enterprise from the west. Although running contracts are not affected from the risk to break off diplomatic relations with the EU, Iran is still interested in a long-term interweaving of the Iranian economy with the west. If Asian enterprises turned out more dependable in diplomatically difficult times, these still stayed behind behind the expectations concerning knowledge transfer and industrial equipment.

We are more likely hopeful that in full swing we reach laxly two-digit increase rates with the German exports already in 2016.

Volker Treier, foreign trade boss during the German industrial day and chamber of commerce day (DIHK)

Economic overview

Iran is an economically interesting partner. We want to give you an overview of the geography, the currency, the gross domestic product, enter the employment by industry and the trading volume.

Flag

Flagge_Iran

Geography

Area

1.648.195 km²

Population

ca. 78,14 Mio. (Stand 2014)

Platz 18 im internationalen Vergleich

Location

The neighbouring countries of Iran are Turkey, Armenia, Azerbaijan, Turkmenistan, Afghanistan, Pakistan and Iraq. The country borders on the Caspian Sea in the north and the Persian Gulf and the Gulf of Oman in the south. There are two big mountain chains in the country which extend across Iran along its northern and southern border. The Zagros mountains (Zar-Kuh 4571m) in the south and southwest and the Elburs mountains (Damavand 5604m) in the north.

Currency

The Iranian currency is called Rial, abbreviated IRR or IR

The highest bank note

100,000 Rial
Because of the low real value of the highest bank note, so-called “Iran cheques” are handed out. Their value can be up to 100,000 Rial.

Exchange rate

1 Euro = 32.997,7431 Rial (Status: 23.07.2016)

Inflation

2012: 31%
2013: 35%
2014: 16%

Gross domestic product (GDP) Iran

GPD from 2009 to 2015

in 2009: 396,74 Mrd. US $
in 2010: 436,97 Mrd. US $
in 2011: 564,46 Mrd. US $
in 2012: 583,16 Mrd. US $
in 2013: 380,35 Mrd. US $
in 2014: 416,49 Mrd. US $
in 2015: 396,92 Mrd. US $

International ranking: Place 32 in 2013

GDP per head in 2014 (real)

5.272,03 US $

Government debt in % of GDP in 2014

12,17% of GPD

Compared to Germany: 78% of GPD

Investment rate in % of GDP in 2013

38,86% of GDP

Compared to Germany: 20,3% of the GDP

Sharesof the economic sectors in 2014

Services 53%
Industry 38%
Agriculture 9%

Distribution of the working population by economic sectors in 2014

Services

Industry

Agriculture

Unemployment rate

Balance of trade

in 2009: 28.06 Billion US $
in 2010: 35.91 Billion US $
in 2011: 70.42 Billion US $
in 2012: 46.91 Billion US $
in 2013: 33 Billion US $
in 2014: 37.8 Billion US $

International rating: Place 11 in 2011

Exporting countries in 2013

China 26.8%
India 10.6%
Turkey 11%
South Korea 5.9%
Japan 7.3%

Import countries in 2013

Vereinigte Arabische Emirate 35.8%
China 18.6%
Türkei 5.4%
Südkorea 5.8%
Indien 6.4%

Sources: statista.com (Status: 15.02.2016) | opendataforafrica.org (Status: 15.02.2016) | Statistisches Bundesamt destatis.de (Status: 16.02.2016) | deutschlandinzahlen.de (Status: 16.02.2016) | World Economic Forum Switzerland weforum.org (Status: 16.02.2016)