Iran's economy to hit 1 Trillion by 2013.

[PakistaniandProud]

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2001rank.html

This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States in the year noted. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries. The measure is difficult to compute, as a US dollar value has to be assigned to all goods and services in the country regardless of whether these goods and services have a direct equivalent in the United States (for example, the value of an ox-cart or non-US military equipment); as a result, PPP estimates for some countries are based on a small and sometimes different set of goods and services. In addition, many countries do not formally participate in the World Bank's PPP project that calculates these measures, so the resulting GDP estimates for these countries may lack precision. For many developing countries, PPP-based GDP measures are multiples of the official exchange rate (OER) measure. The differences between the OER- and PPP-denominated GDP values for most of the wealthy industrialized countries are generally much smaller.

1 European Union
$ 15,390,000,000,000
2011 est.
2 United States
$ 15,040,000,000,000
2011 est.
3 China
$ 11,290,000,000,000
2011 est.
4 India
$ 4,463,000,000,000
2011 est.
5 Japan
$ 4,389,000,000,000
2011 est.
6 Germany
$ 3,085,000,000,000
2011 est.
7 Russia
$ 2,380,000,000,000
2011 est.
8 Brazil
$ 2,282,000,000,000
2011 est.
9 United Kingdom
$ 2,250,000,000,000
2011 est.
10 France
$ 2,214,000,000,000
2011 est.
11 Italy
$ 1,822,000,000,000
2011 est.
12 Mexico
$ 1,657,000,000,000
2011 est.
13 Korea, South
$ 1,549,000,000,000
2011 est.
14 Spain
$ 1,411,000,000,000
2011 est.
15 Canada
$ 1,389,000,000,000
2011 est.
16 Indonesia
$ 1,121,000,000,000
2011 est.
17 Turkey
$ 1,026,000,000,000
2011 est.
18 Iran
$ 928,900,000,000
2011 est.
19 Australia
$ 917,700,000,000
2011 est.
20 Taiwan
$ 885,300,000,000
2011 est.
21 Poland
$ 765,600,000,000
2011 est.
22 Argentina
$ 709,700,000,000
2011 est.
23 Netherlands
$ 705,700,000,000
2011 est.
24 Saudi Arabia
$ 676,700,000,000
2011 est.
25 Thailand
$ 601,400,000,000
2011 est.
26 South Africa
$ 554,600,000,000
2011 est.
27 Egypt
$ 515,400,000,000
2011 est.
28 Pakistan
$ 488,000,000,000
2011 est.
29 Colombia
$ 470,700,000,000
2011 est.
30 Malaysia
$ 447,000,000,000
2011 est.
31 Nigeria
$ 414,500,000,000
2011 est.

 

[IbnAlwaled]

GCC 2011: nominal GDP = $1.386 trillion

 

[Abii]

GCC 2011: nominal GDP = $1.386 trillion

Good for you. You accomplished that by exporting 5-6 times more oil than Iran. Saudi Arabia ALONE exports 4 times more oil than Iran (2.3 vs 8+ mln barrels per day).

Also, Iran has been under sanctions by Europe and US, so essentially the developed world, for 32 years. Thus, no technology transfer from the developed world. This means less efficiency, slower growth etc...

Iran is barely hitting its potential. We're part of the N-11 economies and even under these conditions, Goldman Sachs Investment Bank believes that Iran, along with the rest of the N-11 nations, has "a high potential of becoming, along with the BRICs, the world's largest economies in the 21st century."

 

[BronzePlaque]

I think France, UK, Italy, Spain will go down further..Especially Italy and Spain..Not sure about Germany

 

[Banglar Lathial]

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2001rank.html

This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States in the year noted. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries. The measure is difficult to compute, as a US dollar value has to be assigned to all goods and services in the country regardless of whether these goods and services have a direct equivalent in the United States (for example, the value of an ox-cart or non-US military equipment); as a result, PPP estimates for some countries are based on a small and sometimes different set of goods and services. In addition, many countries do not formally participate in the World Bank's PPP project that calculates these measures, so the resulting GDP estimates for these countries may lack precision. For many developing countries, PPP-based GDP measures are multiples of the official exchange rate (OER) measure. The differences between the OER- and PPP-denominated GDP values for most of the wealthy industrialized countries are generally much smaller.

1 European Union
$ 15,390,000,000,000
2011 est.
2 United States
$ 15,040,000,000,000
2011 est.
3 China
$ 11,290,000,000,000
2011 est.
4 India
$ 4,463,000,000,000
2011 est.
5 Japan
$ 4,389,000,000,000
2011 est.
6 Germany
$ 3,085,000,000,000
2011 est.
7 Russia
$ 2,380,000,000,000
2011 est.
8 Brazil
$ 2,282,000,000,000
2011 est.
9 United Kingdom
$ 2,250,000,000,000
2011 est.
10 France
$ 2,214,000,000,000
2011 est.
11 Italy
$ 1,822,000,000,000
2011 est.
12 Mexico
$ 1,657,000,000,000
2011 est.
13 Korea, South
$ 1,549,000,000,000
2011 est.
14 Spain
$ 1,411,000,000,000
2011 est.
15 Canada
$ 1,389,000,000,000
2011 est.
16 Indonesia
$ 1,121,000,000,000
2011 est.
17 Turkey
$ 1,026,000,000,000
2011 est.
18 Iran
$ 928,900,000,000
2011 est.
19 Australia
$ 917,700,000,000
2011 est.
20 Taiwan
$ 885,300,000,000
2011 est.
21 Poland
$ 765,600,000,000
2011 est.
22 Argentina
$ 709,700,000,000
2011 est.
23 Netherlands
$ 705,700,000,000
2011 est.
24 Saudi Arabia
$ 676,700,000,000
2011 est.
25 Thailand
$ 601,400,000,000
2011 est.
26 South Africa
$ 554,600,000,000
2011 est.
27 Egypt
$ 515,400,000,000
2011 est.
28 Pakistan
$ 488,000,000,000
2011 est.
29 Colombia
$ 470,700,000,000
2011 est.
30 Malaysia
$ 447,000,000,000
2011 est.
31 Nigeria
$ 414,500,000,000
2011 est.

Sir, CIA is known for its espionage activities and acts of subversion against independent foreign countries. Its past experience of dealing in fraudulent evidence as notably displayed in its farcical claims of "WMD in Iraq" and similar "lies" only reduces its credibility to the level of an Indian "toilet paper" news outlet. Besides, based on what specific knowledge can this rogue entity make accurate forecasts on economic outputs of nations worldwide?

With regards to Indonesian GDP, can you check, dear Sir, if the information provided is accurate and valid? My concern in this regard is with the estimated GDP of Indonesia according to Purchasing Power Parity estimate. From my experience and that of many acquaintances, both foreign and Indonesian, the general price level of goods and services in Indonesia is lower than most Western countries by a significant margin, perhaps by a factor 2 or more, which would translate to an Indonesian GDP of over 1,690 billion or more based on PPP.

My personal estimate is that Indonesian infrastructure lags behind its immediate Muslim neighbours (like Malaysia and Brunei) and (major) non Muslim neighbours (like Australia and Singapore) alike. At the same time, Indonesian infrastructure is much more developed than that of much poorer India, Africa or economies of similar levels of development to India. Yet, western estimates show that Indian GDP per capita based on PPP is about 80% of Indonesian GDP per capita, which defies all forms of logic.

A look at Jakarta during daylight hours.

Retail outlets for consumers

Self explanatory

 

[Banglar Lathial]

Surabaya

 

[Abii]

^^

In economics, purchasing power parity (PPP) asks how much money would be needed to purchase the same goods and services in two countries, and uses that to calculate an implicit foreign exchange rate. Using that PPP rate, an amount of money thus has the same purchasing power in different countries.


So, the number of buildings doesn't get you a high GDP and good living standards. PPP for Iran is much higher than its nominal rate because the cost of living in Iran is much less than surrounding countries that have a more integrated economy (with the world). A dollar in Iran gets you much more than it does in Turkey. That's why both countries have a very similar PPP GDP, while Iran has a lower nominal GDP.

 

[Edevelop]

Congrats Iran !

 

[SamranAli]

Best of Luck Iran.

 

[Baby Leone]

i guess Pakistan GDP PPP is 509 billion $

 

[Banglar Lathial]

^^

In economics, purchasing power parity (PPP) asks how much money would be needed to purchase the same goods and services in two countries, and uses that to calculate an implicit foreign exchange rate. Using that PPP rate, an amount of money thus has the same purchasing power in different countries.


So, the number of buildings doesn't get you a high GDP and good living standards. PPP for Iran is much higher than its nominal rate because the cost of living in Iran is much less than surrounding countries that have a more integrated economy (with the world). A dollar in Iran gets you much more than it does in Turkey. That's why both countries have a very similar PPP GDP, while Iran has a lower nominal GDP.

You did not read my post carefully. I request you to do so.

You can ask Indonesian members, you can carry out your own in-depth survey, or you can use any first hand, reliable source of information you like (not some cheap Western garbage) to determine that most items cost about 2 times or more in Western countries (generally) than in Indonesia.

 

[Chinese-Dragon]

Top 20 is great, but Iran has a lot more potential than that.

Once the current problems are over, we will see Iran's economic growth taking off like a rocket.

 

[Banglar Lathial]

You are correct, theoretically, at least. The main issue is, would the current problems (created by the West) be over any time soon?

 

[Chinese-Dragon]

You are correct, theoretically, at least. The main issue is, would the current problems (created by the West) be over any time soon?

Yes I think they will. Look at how the USA lost interest in North Korea after they detonated a nuclear weapon.

In fact, in 2010 North Korea went on to sink the Cheonan (with 104 personnel on board), and then bombarded South Korea with artillery, killing several more. Despite South Korea being a close US ally, America didn't actually do anything either time.

The only reason this will last longer is because of Israel. But Israel by itself cannot stop Iran's nuclear program, no chance.

 

[Armstrong]

Pakistan is 28 despite all the sh*t we're going through ! Damn we're a bunch of resilient basterds ! Imagine where Pakistan could have been had it not gone through even one of the three Afghan-centric Wars (the Afghan Jihad of the '80s, the Civil War in Afghanistan of the '90s and the WOT of this decade), never mind where Pakistan could have been had we avoided all 3 of them !