Current Account to GDP in Iran decreased to -0.50 percent in 2020 from 1.10 percent in 2019. source: Central Bank of Iran

Current Account to GDP in Iran averaged 1.55 percent from 1980 until 2020, reaching an all time high of 10.45 percent in 2011 and a record low of -14.77 percent in 1992. This page provides - Iran Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iran Current Account to GDP - values, historical data and charts - was last updated on July of 2021.

Current Account to GDP in Iran is expected to reach -3.50 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iran Current Account to GDP is projected to trend around -2.50 percent in 2022, according to our econometric models.

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Iran Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-0.50 1.10 10.45 -14.77 1980 - 2020 percent of GDP Yearly

Iran Trade Last Previous Highest Lowest Unit
Balance of Trade 2219.00 -632.00 20935.00 -6529.00 USD Million [+]
Current Account 1124.00 -1206.00 18850.00 -9448.00 USD Million [+]
Current Account to GDP -0.50 1.10 10.45 -14.77 percent of GDP [+]
Imports 11963.00 11824.00 26131.00 2917.00 USD Million [+]
Exports 14081.00 11192.00 38751.00 3112.00 USD Million [+]
Crude Oil Production 2470.00 2437.00 6677.00 510.00 BBL/D/1K [+]
Non Oil Exports 30375.00 32655.00 33569.00 2445.00 USD Million [+]
Oil Exports 29016.00 60735.00 119148.00 10659.00 USD Million [+]
Weapons Sales 20.00 5.00 129.00 0.00 SIPRI TIV Million [+]
Terrorism Index 4.16 4.72 5.83 1.90 [+]
Foreign Direct Investment 905.60 2428.20 4322.10 15.60 USD Million [+]
External Debt 9031.30 10623.00 28647.10 5107.20 USD Million [+]

Iran Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.