Iran Current Account to GDP

Iran recorded a Current Account surplus of 8.12 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Iran is reported by the Central Bank of Iran. Current Account to GDP in Iran averaged 1.90 Percent from 1980 until 2013, reaching an all time high of 12.96 Percent in 2000 and a record low of -11.50 Percent in 1991. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Iran Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-20

Actual Previous Highest Lowest Forecast Dates Unit Frequency
8.12 6.60 12.96 -11.50 8.35 | 2014/06 1980 - 2013 Percent Yearly

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Iran Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Balance of Trade 7530.00 2013-03-31 8195.00 39427.20 -6529.00 7228.61 2013-06-30 USD Million [+]
Current Account 6092.00 2013-03-31 8265.00 32594.00 -14018.00 13679.02 2013-06-30 USD Million [+]
Current Account to GDP 8.12 2013-12-31 6.60 12.96 -11.50 8.35 2014-06-30 Percent [+]
Exports 24667.00 2013-03-31 24620.00 112788.00 7171.00 52646.09 2013-06-30 USD Million [+]
Imports 17137.00 2013-03-31 16425.00 75458.00 4788.00 70155.84 2013-06-30 USD Million [+]
Crude Oil Production 3200.00 2013-10-15 3200.00 6677.00 510.00 3236.53 2013-11-30 Thousands Barrels per Day [+]
[+]


Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.


RELATED NEWS

Iran Current Account at 6092.00 USD Million  
Iran recorded a Current Account surplus of 6092 USD Million in the first quarter of 2013. Current Account in Iran is reported by the Central Bank of Iran.
Iran Gross Fixed Capital Formation at 527189.00 IRR Billion  
Gross Fixed Capital Formation in Iran increased to 527189 IRR Billion in the fourth quarter of 2012 from 383930 IRR Billion in the third quarter of 2012. Gross Fixed Capital Formation in Iran is reported by the Central Bank of Iran.
Iran Inflation Rate at 22.80 Percent  
The inflation rate in Iran was recorded at 22.80 percent in February of 2014. Inflation Rate in Iran is reported by the Central Bank of Iran.
Iran Government Budget at -0.78 Percent of GDP  
Iran recorded a Government Budget deficit equal to 0.78 percent of the country's Gross Domestic Product in 2013. Government Budget in Iran is reported by the Central Bank of Iran.
Iran Current Account to GDP at 8.12 Percent  
Iran recorded a Current Account surplus of 8.12 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Iran is reported by the Central Bank of Iran.
Iran Crude Oil Production at 3200.00 Thousands Barrels per Day  
Crude Oil Production in Iran remained unchanged at 3200 Thousands Barrels per Day in October of 2013 from 3200 Thousands Barrels per Day in September of 2013. Crude Oil Production in Iran is reported by the U.S. Energy Information Administration.
Iran Balance of Trade at 7530.00 USD Million  
Iran recorded a trade surplus of 7530 USD Million in the first quarter of 2013. Balance of Trade in Iran is reported by the Central Bank of Iran.
Iran Imports at 17137.00 USD Million  
Imports in Iran increased to 17137 USD Million in the first quarter of 2013 from 16425 USD Million in the fourth quarter of 2012. Imports in Iran is reported by the Central Bank of Iran.
Iran Exports at 24667.00 USD Million  
Exports in Iran increased to 24667 USD Million in the first quarter of 2013 from 24620 USD Million in the fourth quarter of 2012. Exports in Iran is reported by the Central Bank of Iran.
Iran Industrial Production at -7.70 Percent  
Industrial Production in Iran decreased 7.70 percent in the first quarter of 2013 over the same quarter in the previous year. Industrial Production in Iran is reported by the Central Bank of Iran.
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