![]() The International Monetary Fund forecasts Iran’s inflation rate to be 10.529% and 10.1% in 20. The average inflation rate has reached 9.9% from April- December 2017. The International Monetary Fund (IMF) predicted that GDP growth will reach 4.2% in the year ending March 2018 and given the financial sector reforms, this trend will even increase to 4.5%, in the medium run.Ĭurrently, the increasing of production cost and aggregate demand are among the main determinants of inflation. GDP & economic growthĪccording to the Central Bank, the GDP amounted to 3,539,000 bn IRR (constant prices 2012), from April to September 2017 and the economy experienced 4.5% growth. Persians account for 61% of the population, followed by Kurds (10%), Lurs (6%), Balochs (2%) and the remaining 21% including the Azeri (16%), Arabs (2%), Turkmens and Turkic tribes (2%), as well as Armenians, Assyrians and Georgians. The Persian and Azeri people contribute the largest ethnic groups. Iran official language is Persian (Farsi) and the others include Indo-European languages and ethnicities In terms of religion, the majorities 89% of the population are Shi’a, with 10% of Sunni and the remaining 1%. The population growth has had a downward trend and reached from 2.46% during 1986 – 1991 to 1.24% in 2011- 2016. ![]() PopulationĪccording to Iran population and housing census, Iran’s total population was 79.93 mn of which 40.50 mn were men and 39.43 mn were women, also 74.1% are urban and 25.9% are rural in the year ended March 2017. The provinces are divided into counties (Shahrestān) and subdivided into districts (Bakhsh) and sub- districts (Dehestān). Iran is divided into five regions with 31 provinces (Ostān), each governed by an appointed governor (Ostāndār). ![]() The Islamic Republic of Iran is a country in the Middle East (West Asia) and is bordered on the north by Armenia, Azerbaijan, Turkmenistan, Kazakhstan and Russia, on the east by Afghanistan and Pakistan, on the south by the Persian Gulf and the Gulf of Oman, on the west by Iraq and Kuwait and on the northwest by Turkey.
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