Foreign Direct Investment in Iran
After a likely weak performance in the 2022 calendar year, Iran’s economy has seemingly softened since December. Oil output rose just 1% in annual terms in Q1, half the growth rate recorded in 2022, as U.S. sanctions crimped the energy sector. Moreover, exports to China—Iran’s key trading partner—tumbled 41% in the quarter, and crude prices are down so far this year, which will be weighing on government coffers. Economic activity is being further dampened by sky-high inflation, interest rate hikes, a weakening black-market currency, intensifying strike action and the recent imposition of further Western sanctions. A sliver of positive news has come from the normalization of relations with Saudi Arabia following a seven-year hiatus, although tangible economic benefits are not likely in the near term.
Iran Foreign Direct Investment Chart
This chart displays Foreign Direct Investment (USD bn) for Iran from 2012 to 2021.
Iran Foreign Direct Investment Data
2017 | 2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|---|
Foreign Direct Investment (USD bn) | 5 | 2 | 2 | 1 | 1 |