Current Account in Iran

Iran Current Account | Economic News & Forecasts

Iran - Current Account

The economic outlook worsened over the past month, after the U.S. implemented fresh sanctions on Iran’s manufacturing and metal industries, which are expected to punish Iran’s non-oil private sector. Moreover, energy production continued to decline year-on-year in December, albeit at a softer pace than in recent months, while elevated inflationary pressures are continuing to deplete consumers’ purchasing power. That being said, the labor market continued to tighten in September–December, likely due to higher domestic production substituting previously imported goods. Meanwhile, in politics, the Trump administration agreed to lift Iranian oil export sanctions for one of two divisions of the Chinese tanker company COSCO. The decision followed the “phase one” trade deal and the U.S. Treasury stressed that its “maximum pressure campaign continues as before”.

Iran - Current Account Data

2014   2015   2016   2017   2018  
Current Account (% of GDP)3.1  0.3  3.9  3.4  -     

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Iran Current Account Chart

Iran Current Account
Note: Current account balance as % of GDP.
Source: Central Bank of Iran and FocusEconomics calculations.

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