Insights from the International Monetary Fund (IMF)
The following key data from the International Monetary Fund (IMF) provides a comprehensive overview of Iran's economic performance and outlook, shedding light on its growth prospects, diversification efforts, and ongoing challenges in recent years:
- GDP Growth Forecast: The IMF (3) projects Iran's GDP to grow by 3.1% in 2025.
- Economic Diversification: Non-oil exports account for just 11% of Iran's GDP, below the average of 24.2% in upper-middle-income countries (4).
- Trade Relationships: 37% of Iran’s non-oil exports go to China, reflecting a concentrated trade partnership (4).
- Energy Subsidies: In 2022, Iran’s energy subsidies amounted to $163 billion, representing 27% of its GDP (5).
- Financial Sector Sanctions: Despite partial sanctions relief, Iran’s financial system faces significant restrictions, limiting its global banking relations.
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