Imports
$76.1 billion (2011 est.)Exports
$131.8 billion (2011 est.)Inflation rate (consumer prices)
22.5% (2011 est.)Unemployment rate
15.3% (2011 est.)GDP - per capita (PPP)
$13,200 (2011 est.)National product real growth rate
3% (2010 est.)Internet users
8.214 million (2009)Telephones - mobile cellular
67.5 million (2009)Population growth rate
1.247% (2012 est.)Population
78,868,711 (July 2012 est.)About this country
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Historical background
Known as Persia until 1935, Iran became an Islamic republic in 1979 after the ruling monarchy was overthrown and Shah Mohammad Reza PAHLAVI was forced into exile.
Conservative clerical forces established a theocratic system of government with ultimate political authority vested in a learned religious scholar referred to commonly as the Supreme Leader who, according to the constitution, is accountable only to the Assembly of Experts - a popularly elected 86-member body of clerics.
US-Iranian relations have been strained since a group of Iranian students seized the US Embassy in Tehran on 4 November 1979 and held it until 20 January 1981.
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Economic overview
Iran's economy is marked by an inefficient state sector, reliance on the oil sector, which provides the majority of government revenues, and statist policies, which create major distortions throughout the system.
Private sector activity is typically limited to small-scale workshops, farming, and services.
Price controls, subsidies, and other rigidities weigh down the economy, undermining the potential for private-sector-led growth.
...PRS Group
Country Forecasts is a 480-page perfect-bound volume published in April and October. This publication provides a four-page summary of forecasts and data for each of the 100 countries monitored by Political ...
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