Money in Iran
Iran - MoneyEconomic prospects worsened over the past month, on the rapid spread of coronavirus in Iran and with the official death toll rising in recent weeks. The virus is weighing heavily on the transportation and tourism sectors, as government officials restricted travel in and out of highly affected areas. This comes after the U.S. implemented sanctions on Iran’s manufacturing and transportation sectors in January, which should be stunting the non-oil private sector. Exacerbating matters, crude oil production contracted nearly a quarter year-on-year in January, and at a slightly sharper rate than in December. Moreover, weaker factory activity in China due to the coronavirus, a breakdown of OPEC+ cooperation and a moderating global growth outlook have weighed heavily on oil prices since the start of the year, and should be dragging on government revenues.
Iran - Money Data
|Money (annual variation in %)||22.3||30.0||23.2||22.1||23.1|
5 years of economic forecasts for more than 30 economic indicators.
Iran Money Chart
Source: World Bank.
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