Current Account in Iran

Iran Current Account | Economic News & Forecasts

Iran - Current Account

The economy is set to sink deeper into recession after the Trump administration recently announced it would not extend waivers on Iranian oil exports which expired on 1 May. The move will hit the already-embattled external sector, crippling exports and depressing business confidence. Even before the waivers expired, shipments of seaborne crude oil exports fell below 1 mbpd in April, while crude oil production decreased in March, bringing the average for Q1 down notably compared to Q4 of last year. To make matters worse, recent flooding has caused more than USD 2 billion of damages, according to government officials. Trump’s announcement also triggered another depreciation of the rial in the parallel market, which could stoke already sky-high inflation.

Iran - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)5.8  3.2  0.3  3.9  -     

Sample Report

5 years of economic forecasts for more than 30 economic indicators.


Iran Current Account Chart

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

Iran Facts


Sample Report

Get a sample report showing our regional, country and commodities data and analysis.


Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

    Search form