nd 11 times along the top edge of the red band
@Iran:Economy
Economy - overview: Iran's economy is a mixture of central planning,
state ownership of oil and other large enterprises, village
agriculture, and small-scale private trading and service ventures.
President KHATAMI has continued to follow the market reform plans of
former President RAFSANJANI and has indicated that he will pursue
diversification of Iran's oil-reliant economy although he has made
little progress toward that goal. The strong oil market in 1996 helped
ease financial pressures on Iran and allowed for Tehran's timely debt
service payments. Iran's financial situation tightened in 1997 and
deteriorated further in 1998 because of lower oil prices. The
subsequent zoom in oil prices in 1999 afforded Iran fiscal breathing
room but does not solve Iran's structural economic problems.
GDP: purchasing power parity - $347.6 billion (1999 est.)
GDP - real growth rate: 1% (1999 est.)
GDP - per capita: purchasing power parity - $5,300 (1999 est.)
GDP - composition by sector:
agriculture: 21%
industry: 34%
services: 45% (1997 est.)
Population below poverty line: 53% (1996 est.)
Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices): 30% (1999 est.)
Labor force: 15.4 million
note: shortage of skilled labor
Labor force - by occupation: agriculture 33%, industry 25%, services
42% (1997 est.)
Unemployment rate: 25% (1999 est.)
Budget:
revenues: $34.6 billion
expenditures: $34.9 billion, including capital expenditures of $11.8
billion (FY96/97)
Industries: petroleum, petrochemicals, textiles, cement and other
construction materials, food processing (particularly sugar refining
and vegetable oil production), metal fabricating, armaments
Industrial production growth rate: 5.7% (FY95/96 est.)
Electricity - production: 95.31 billion kWh (1998)
Electricity - production by source:
fossil fuel: 92.33%
hydro: 7.67%
nuclear: 0%
other: 0% (1998)
Electricity - consumption: 88.638 billion kWh (1998)
Electricity - exports: 0 kWh (1998)
Electricity - imports: 0 kWh (1998)
Agriculture - products: wheat, rice, other grains, sugar beets,
fruits, nuts, cotton; dairy products, wool; caviar
Exports: $12.2 billion (f.o.b., 1998 est.)
Exports - commodities: petroleum 80%, carpets, fruits, nuts, hides,
iron, steel
Exports - partners: Japan, Italy, Greece, France, Sp
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