Islamic Republic of Iran: Recent Economic Developments

International Monetary Fund

No 1995/121, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper reviews economic developments in Iran during 1990–95. The growth rate of real GDP declined from an average of 11 percent in 1990/91–1991/92 to 2.7 percent in 1994/95. This decline was associated with developments in both the oil and non-oil sectors, such as capacity constraints in the industrial sector; adverse movement in international oil prices; reduction in oil export volumes; and quantitative import restrictions, which adversely affected industries that depended on imported inputs. The real value added in the oil sector declined by 5.6 percent in 1994/95.

Keywords: ISCR; CR; central bank; private sector; current account; free market; balance of payments; broad money; real GDP; export rate; oil export; export receipt; export price; short-term debt; budget deficit; Oil exports; Public expenditure review; Exchange rates; Imports; Europe (search for similar items in EconPapers)
Pages: 115
Date: 1995-12-10
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