Snapshot Investment Guide To Iran

1. Overview

Iran is the eighteenth-largest global economy, with an estimated Gross Domestic Product (GDP) of $387.6 billion in 2015 and the second-largest population in the region with 78.8 million people. Nonetheless, Iran is considered to be an upper middle income country.

Iran holds the world's fourth-largest proven crude oil reserves and the world's second-largest natural gas reserves. Its proven oil reserves exceed 158 billion barrels and gas reserves stand at 33.5 trillion cubic metres.

According to the World Bank, Iran's economy is characterised by a large hydrocarbon sector, small-scale agricultural and services sectors, and a significant state presence in the manufacturing and financial services industries.