Economic outlook of Iran in 2020

Economic outlook of Iran in 2020

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According to International Monetary Fund in April 2020:
• Iran's economic growth is predicted to stand at -6% in 2020 by 1.6 Percentage point increase compared to previous year.
• Iran's exports of goods and services in 2020 will fall by 19.2 percent to 46 billion dollar from 2019, while imports of goods and services will increase by 11.6 percent to 64.6 billion dollar over the same period.
• Iran's oil and gas production and exports in 2020 will reach 1.86 million barrels per day and 0.5 million barrels per day, respectively.
• Iran's inflation rate will reach 34.2% in 2020, which is about 7% less than in 2019.
Mahsa Rajabi Nejad

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