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atic representation in the US: none; note - Iran has an Interests Section in the Pakistani Embassy; address: Iranian Interests Section, Pakistani Embassy, 2209 Wisconsin Avenue NW, Washington, DC 20007; telephone: [1] (202) 965-4990; FAX [1] (202) 965-1073 Diplomatic representation from the US: none; note - protecting power in Iran is Switzerland Flag description: three equal horizontal bands of green (top), white, and red; the national emblem (a stylized representation of the word Allah in the shape of a tulip, a symbol of martyrdom) in red is centered in the white band; ALLAH AKBAR (God is Great) in white Arabic script is repeated 11 times along the bottom edge of the green band and 11 times along the top edge of the red band Economy Iran Economy - overview: Iran's economy is marked by a bloated, inefficient state sector, over reliance on the oil sector, and statist policies that create major distortions throughout. Most economic activity is controlled by the state. Private sector activity is typically small-scale - workshops, farming, and services. President KHATAMI has continued to follow the market reform plans of former President RAFSANJANI, with limited progress. Relatively high oil prices in recent years have enabled Iran to amass some $30 billion in foreign exchange reserves, but have not eased economic hardships such as high unemployment and inflation. The proportion of the economy devoted to the development of weapons of mass destruction remains a contentious issue with leading Western nations. GDP (purchasing power parity): $516.7 billion (2004 est.) GDP - real growth rate: 6.3% (2004 est.) GDP - per capita: purchasing power parity - $7,700 (2004 est.) GDP - composition by sector: agriculture: 11.2% industry: 40.9% services: 48.7% (2004 est.) Labor force: 23 million note: shortage of skilled labor (2004 est.) Labor force - by occupation: agriculture 30%, industry 25%, services 45% (2001 est.) Unemployment rate: 11.2% (2004 est.) Population below poverty line: 40% (2002 est.) Household income or consumption by percentage share: lowest 10%: NA highest 10%: NA Inflation rate (consumer prices): 15.5% (2004 est.) Investment (gross fixed): 31.3% of GDP (2004 est.) Budget: revenues: $43.34 billion expenditures: $47.7 billion, including capital expenditures of $7.6 billion (2004 est
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