Islamic Republic of Iran: Recent Economic Developments
December 10, 1995
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This paper reviews economic developments in Iran during 1990–95. The growth rate of real GDP declined from an average of 11 percent in 1990/91–1991/92 to 2.7 percent in 1994/95. This decline was associated with developments in both the oil and non-oil sectors, such as capacity constraints in the industrial sector; adverse movement in international oil prices; reduction in oil export volumes; and quantitative import restrictions, which adversely affected industries that depended on imported inputs. The real value added in the oil sector declined by 5.6 percent in 1994/95.
Subject: Exchange rates, Expenditure, Foreign exchange, Imports, International trade, Oil exports, Public expenditure review
Keywords: balance of payments, broad money, budget deficit, central bank, CR, current account, Europe, Exchange rates, export price, export rate, export receipt, free market, Imports, ISCR, oil export, Oil exports, private sector, Public expenditure review, real GDP, short-term debt
Pages:
115
Volume:
1995
DOI:
Issue:
121
Series:
Country Report No. 1995/121
Stock No:
1IRNEA0011995
ISBN:
9781451818888
ISSN:
1934-7685
Notes
This report on recent economic developments in the Islamic Republic of Iran was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. As such, the views expressed in this document are those of the staff team and do not necessarily reflect the views of the Government of the Islamic Republic of Iran, or the Executive Board of the IMF.
