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Monthly Archives: March 2017
Mukhamejanova G.R. Socio-economic situation in Iran: achievements, challenges, prospects
Mukhamejanova G.R. Socio-economic situation in Iran: achievements, challenges, prospects

The Islamic Republic of Iran (IRI) is the second largest economy in the Middle East after Saudi Arabia. In 2016, the country’s GDP was $412,3 billion [1]. GDP per capita is estimated at $5,900, which allows Iran to be included in the list of upper middle income countries. The IRI economy is mixed and transitional one with a leading industrial sector dominated by state-owned enterprises. Country receives main profit from the export of raw materials. The profit from oil exports is 30-35% of the country’s fiscal budget.