Lewes, DE -- (SBWIRE) -- 03/29/2019 -- Opposition party in Iran have criticized Rouhani government after U.S. unilaterally withdrew from the Joint Comprehensive Plan of Action which also unofficially known as the "Iran Deal" or the "Iran Nuclear Deal" and reimposed the sanctions.

The sanction hurled Iran into economic crisis which lead to the fall of the local currency and growing unemployment rates. Now, Iranian President Hassan Rouhani is visiting Iraq to solidify ties between the neighbours, trying to convince them to offset the U.S. influence.

Iran, officially the Islamic Republic of Iran, is a country in Western Asia. It is bordered on the north by Armenia, Azerbaijan and Turkmenistan, with Kazakhstan and Russia across the Caspian Sea; on the east by Afghanistan and Pakistan; on the south by the Persian Gulf and the Gulf of Oman; on the west by Iraq; and on the northwest by Turkey.

Iran had estimated population of 80.46 million in the year 2016 and expected to reach 85.808 million by 2022. Iran's unemployment rate was 12.45% of total labor force in the same year, which is further expected to reach to 12.053 by 2022, growing at a CAGR of 1.31%.

Iran's real gross domestic product (GDP) was around IRR 2169734.961 billions in 2016 whereas the nominal GDP was IRR 13047038.642 billions. This resulted in GDP deflator 601.319. Per capita GDP was estimated at USD 4682.51 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 18077.47.

In 2016, Iran government's revenue was IRR 1972621.059 billions whereas the expenditure was IRR 2335293.773 billions. This resulted Iran government's net lending / borrowing negative at IRR 362672.714 billion in 2016 indicating that enough financial resources were not made available by the government to boost economic growth.

The current account balance for Iran was estimated to be at USD 23.566 billions for the year 2016 and is expected to grow at a CAGR of 6.48% and reach USD 14 by 2022. This positive current account balance indicates the Iran is net lender to the whole world.

Scope of Iran PESTLE Analysis & Macroeconomic Trends Report
This report provides information about key macroeconomic indicators for Iran.
This report provides PESTELE (political, economic, social, technological, environmental and legal) analysis for Iran.

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