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Iranian Economy.....news and discussions

Exchange Rate

WorldBank
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Official
Same number as the year before.If it's same so Iran's GDP should stays withing same range of previous year !

Unofficial
Unofficial value of Iran's Rial vs USD or other currencies such as Euro went lower.So why according to WorldBank, Iran's GDP didn't decreased?



Water shortage ?

For drinking water ?

If you compare 2020 to 2021 you may see increase of products in both agriculture and industry.

In most of agriculture products Iran's rank during 2020 and 2021 is certainly below rank 15 of the world (top 10 in most necessities ). Only in red meat Iran is having problems.in beef and poultry production Iran is still below top 20.
I would put Iran's agriculture at 7-10 rank compared to other countries in world.(2020/2021)

In industrial products. in almost everything Iran's rank is below 12.
I would put Iran's industry at 9-12 rank.(2020/2021)

WorldBank's GDP (nominal)
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Low IQ posting
 
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Raisi submits $131.5b budget bill to Majlis (1402)​

The proposed budget amounted to about 52.616 quadrillion rials (about $131.54 billion at the free market rate of 400,000 rials), with a 40 percent rise from the current year’s budget.

The bill has estimated the government’s budget at 21.64 quadrillion rials (about $54.1 billion).

Public resources are estimated at 19.84 quadrillion rials (about $49.6 billion).

The crude oil income is predicted to be 6.03 quadrillion rials (about $15.075 billion), and oil sales are estimated at 1.4 million barrels per day at an average price of $85.

Like the current year’s budget, the next year’s proposed budget requires the government to pay 40 percent of its oil, gas, and gas condensate revenues to National Development Fund (NDF).

Tax revenues are predicted to be 8.386 quadrillion rials (about $20.965 billion).
 
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The government budget/spending of some of our neighbors :)

Saudi Arabia
RIYADH, Dec 7 (Reuters) - Saudi Arabia approved on Wednesday a 1.114 trillion-riyal ($296 billion) budget for 2023.
Inflation in SA was 2-3%.(unofficial/out of the budget government expenses usually creates inflation)

Pakistan
I think it's 7-8% of GDP ,by assumption of $1.5 Trillion GDP of Pakistan , it makes it ~ $112 billion for 2022.
Inflation in Pakistan was 12-25%(increased during 2022)

Turkiye
like Pakistan I could not the exact number but based on reports it should be 3-4% of GDP and $3.1 Trillion GDP of Turkiye (IMF GDP PPP) it makes it ~$110-120 billion.
Inflation in Turkiye was 70-50% (decreasing)

Iran
According to the government, they had $50-60 billion budget for most of 2022.
Inflation in Iran was 45-40% (stable/decreasing slowly).
 
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Iran, EAEU sign free trade agreement

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Head of the Trade Promotion Organization of Iran (TPO) Alireza Peimanpak signed the agreement on the Iranian side with EAEU Minister of Trade Andrey Slepnev signing the agreement on the side of the five-member bloc.

Noting that a preferential trade agreement has positively affected trade between the two sides over the past three years, he said that zero tariffs for 90% of commodities will also lead to a breakthrough in both exports and imports.

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Exports of Iran before this agreement (final 10 months of 2022)
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For some reason there is no Qatar in this list :-)
 
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Iran produces 2.6 million refrigerators and freezers in one yearo_O
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18% growth in just one year , a good example of how supporting domestic industry will have positive results. The challenge is to ensure quality does not suffer.
Note: During Rohhani government both of Iran's main appliance makers went bankrupt because he liked Korean LG imports ..his MI6 team prefered to import rather than support domestic production:what:..

 
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Iran, EAEU sign free trade agreement

View attachment 912063
Head of the Trade Promotion Organization of Iran (TPO) Alireza Peimanpak signed the agreement on the Iranian side with EAEU Minister of Trade Andrey Slepnev signing the agreement on the side of the five-member bloc.

Noting that a preferential trade agreement has positively affected trade between the two sides over the past three years, he said that zero tariffs for 90% of commodities will also lead to a breakthrough in both exports and imports.

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Exports of Iran before this agreement (final 10 months of 2022)
View attachment 912065

For some reason there is no Qatar in this list :-)
well for Qatar its mainly food products and if things didn't change from several year ago building materials (steel , stone, cement ,...) the amount is 180-200milion dollar depend on who you ask

Iran produces 2.6 million refrigerators and freezers in one yearo_O
18% growth in just one year , a good example of how supporting domestic industry will have positive results. The challenge is to ensure quality does not suffer.
Note: During Rohhani government both of Iran's main appliance makers went bankrupt because he liked Korean LG imports ..his MI6 team prefered to import rather than support domestic production:what:..





are you sure it was not in his 2nd term that the domestic appliance market flourished
 
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well for Qatar its mainly food products and if things didn't change from several year ago building materials (steel , stone, cement ,...) the amount is 180-200milion dollar depend on who you ask


are you sure it was not in his 2nd term that the domestic appliance market flourished
During Rohani term both AZMAYESH and ARJ went bankrupt..I was so mad I followed the affair..when raisi came to power one of his first actions was to have a meeting with appliance makers and they promised if he banns the import they will deliver..now you can see the results..

BY the way..We have had Governments like that in Canada also..When Northern Telecom ..the giant Canadian telecom company was in trouble the government did not help them (we are capitalist system let the market decide BS)...they went bankrupt..their IP was sold dirt cheap around the world to France and US and etc..while at the same time in the US the center of Capitalist world GM was in trouble and US government helped them to survive..Idiots are in every country..
 
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well for Qatar its mainly food products and if things didn't change from several year ago building materials (steel , stone, cement ,...) the amount is 180-200milion dollar depend on who you ask

Tehran, IRNA – Iran is exporting 250 million tons of foodstuff and agricultural products to Qatar per day during the World Cup event whose opening ceremony is to start on Sunday afternoon, the head of Trade Promotion Organization (TPO) of Iran announced.

Well i'm asking the government and everybody that knows how much these "foodstuff" and "agriculture products" worth .
 
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Tehran, IRNA – Iran is exporting 250 million tons of foodstuff and agricultural products to Qatar per day during the World Cup event whose opening ceremony is to start on Sunday afternoon, the head of Trade Promotion Organization (TPO) of Iran announced.

Well i'm asking the government and everybody that knows how much these "foodstuff" and "agriculture products" worth .
i guess 250 million ton of food stuff per day for Qatar is a little too much .
even if we consider Qatar had as much tourist as its population that will be 5 million that will be 50kg food stuff per person . now its right that they are one of the fattest people around the world but i bet they don't use anything around 50kg of food stuff per day

During Rohani term both AZMAYESH and ARJ went bankrupt..I was so mad I followed the affair..when raisi came to power one of his first actions was to have a meeting with appliance makers and they promised if he banns the import they will deliver..now you can see the results..

BY the way..We have had Governments like that in Canada also..When Northern Telecom ..the giant Canadian telecom company was in trouble the government did not help them (we are capitalist system let the market decide BS)...they went bankrupt..their IP was sold dirt cheap around the world to France and US and etc..while at the same time in the US the center of Capitalist world GM was in trouble and US government helped them to survive..Idiots are in every country..
well those two were bankrupt but there was a lot other iranian brands , and let face the reality those two companies didn't upgrade their products , nobody wanted them
 
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i guess 250 million ton of food stuff per day for Qatar is a little too much .
even if we consider Qatar had as much tourist as its population that will be 5 million that will be 50kg food stuff per person . now its right that they are one of the fattest people around the world but i bet they don't use anything around 50kg of food stuff per day


well those two were bankrupt but there was a lot other iranian brands , and let face the reality those two companies didn't upgrade their products , nobody wanted themIran
Iran exported $300 million dollars Safran alone to Qatar few months before world cup..I made a thread about it,,

Iran signs $300 mln deal to supply saffron to Qatar​

Monday, 19 September 2022 5:21 PM [ Last Update: Monday, 19 September 2022 5:21 PM ]

US Rep. Ilhan Omar (D-MN) (L) talks with Speaker of the House Nancy Pelosi (D-CA) during a rally with fellow Democrats before voting on H.R. 1, or the People Act, on the East Steps of the US Capitol on March 08, 2019 in Washington, DC. (AFP photo)


Iran will supply 200 tons of saffron to Qatar under a major deal signed between the two countries.
Iranian exporters have secured a $300 million deal to supply saffron to Qatar in what has been described as the world’s largest ever saffron export deal.
The official IRNA news agency said in a Monday report that traders from Iran and Qatar signed the deal earlier in the day in Doha in the presence of Qatar’s Finance Minister Ali Ahmed Al-Kuwari and Iran’s ambassador to Qatar Hamid Reza Dehghani.
The report said Iran will supply 200 metric tons (mt) of saffron to Qatari customers under the deal, adding that a first shipment will be due in October.
Iran is the world’s top producer of saffron with more than 500 mt of output per year. However, direct exports to Europe have declined in recent years mainly because of American sanctions targeting Iran's access to banking services.
 
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Iran exported $300 million dollars Safran alone to Qatar few months before world cup..I made a thread about it,,
that probably will go into the next year trade , it was a sale of future harvest if i'm not wrong.

and please don't remind me of that D'Arcy Concession again
 
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with 5 cents/liter gasoline the runaway consumption of the gasoline in Iran is so high that next year Iran has to import 60 cents per/liter gasoline and sell it at 5 cents in domestic market...potential of $5 billion dollars import fee.

Raisi Government will be judged harshly on this if it happens.

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with 5 cents/liter gasoline the runaway consumption of the gasoline in Iran is so high that next year Iran has to import 60 cents per/liter gasoline and sell it at 5 cents in domestic market...potential of $5 billion dollars import fee.

Raisi Government will be judged harshly on this if it happens.

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14011102000369_Test_NewPhotoFree.PNG

make more efficient car and simply confiscate any petrol smuggling car they are clear you can't hide them
and more importantly as soon as possible take the water of sea of Oman to Sistan and Baluchistan


there was the gap between fuel price before these but well , the problem didn't become so severe until , the province lost its water resource and nobody thinking about fixing the root of the problem
 
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make more efficient car and simply confiscate any petrol smuggling car they are clear you can't hide them
and more importantly as soon as possible take the water of sea of Oman to Sistan and Baluchistan


there was the gap between fuel price before these but well , the problem didn't become so severe until , the province lost its water resource and nobody thinking about fixing the root of the problem
The issue is urgent...I understand the government is between the rock and hard place..if they increase price of petrol the inflation goes up and if they keep it at the current 5 cents/liter the consumption and smuggling will skyrocket..So what is the short term solution that does not cost $ 5 billion in imports:

Two price solution and GAS cards (done in ahmadi nejad time):

  • XXX liters at 5 cents/liter per car/day or week !
  • market price 60+ cents for any amount more

worked well during ahmadinejad but this takes lots of management however the cost of it will be far cheaper than $ 5 billion import of foreign gas and the money stays in the country.
 
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