The latest report of the International Monetary Fund: the improvement of Iran’s economic situation in the 13th government
According to IRNA, the International Monetary Fund has examined the economic situation of 32 countries in the region in 2022 in a report called “Economic Outlook of the Middle East and Central Asia”.
According to this report, the average economic growth of 32 countries in the Middle East and Central Asia will be 5% in 2022, and Iran will experience 3% growth this year.
The average economic growth of oil countries in the region is also estimated at 4.9%. Iran’s economy experienced a growth of 4.7 percent in 2021.
3 percent growth of the non-oil sector of Iran’s economy in 2022
Iran’s non-oil sector faces a 3% growth in 2022. This figure for the previous year was 4.3%. It is expected that the average growth of the non-oil sector of the oil countries of the region will decrease from 5.5% in 2021 to 3.6% this year.
Iran’s oil sector, which experienced a significant growth of 10.5% in 2021 after the thirteenth government took office, will grow by 3% this year. The growth of the region’s oil sector is also predicted to be 6.9% this year.
An increase of 560,000 barrels of daily Iranian oil production in the 13th government
According to IRNA, the International Monetary Fund expects Iran’s oil production to increase by 100,000 barrels this year and reach 2.58 million barrels per day. This is despite the fact that in 2021, when the 13th government took office, according to the statistics of the International Monetary Fund, Iran’s oil production increased by 460 thousand barrels per day and reached 2.48 million barrels per day from 2.02 million barrels per day. .
Iran’s gas production has also continued its upward trend in recent years despite the US sanctions. In 2021, Iran had produced gas equivalent to 4.33 million barrels of oil per day, and this figure is expected to increase to the equivalent of 4.46 million barrels of oil per day this year.
International Monetary Fund: Iran’s oil exports will increase again
According to the International Monetary Fund, in 2021, Iran’s oil exports increased by 350,000 barrels per day and reached 750,000 barrels per day. This year, this international organization expects Iran’s oil exports to increase by 100,000 barrels per day and reach 850,000 barrels per day.
According to this report, Iran’s inflation rate this year will decrease to 40% after several consecutive years of rising. Iran’s inflation rate in 2021 was announced as 40.1%. The average inflation rate of the region’s countries in 2022 is predicted to be 13.8%. With an inflation rate of 154.9%, Sudan will have the highest inflation rate among the countries in the region in 2022.
Iran ranks 8th in the ranking of 32 countries in terms of less government debt
In another part of its report, the International Monetary Fund announced the reduction of the Iranian government’s debt in 2021 and 2022. While the amount of Iranian government debt was reported as 44.1% of GDP in 2020, this figure decreased to 42.4% in 2021, and it is expected that in 2022, the debt of Iran’s government will be equivalent to 34.2% of GDP. The country’s gross domestic product will decrease.
The average debt of the region’s countries in 2022 was equal to 43.4% of the region’s GDP. Compared to 32 countries in the region, Iran has ranked 8th in terms of government debt. Only the governments of Azerbaijan, Kazakhstan, Kuwait, Saudi Arabia, Turkmenistan, UAE and Uzbekistan have less debt than Iran in 2022. The governments of Sudan and Bahrain are recognized as the most indebted governments in the region in 2022. The amount of debt of the government of Sudan to the GDP of this country this year is 189.5% and this figure for Bahrain is 119.5%.
Forecast of Iran’s export of 121 billion dollars in 2022
According to the statistics of the International Monetary Fund, Iran’s export of goods and services in 2021 has increased by 32 billion dollars compared to the previous year and has reached 86 billion dollars. Iran’s exports are expected to increase by 35 billion dollars and reach 121 billion dollars this year.
In the same way, Iran’s import of goods and services, which increased to 75.5 billion dollars in 2021, will reach 90.3 billion dollars in 2022. In 2020, Iran’s total import of goods and services was reported to be 54.8 billion dollars.
An increase of about 3 times the balance of Iran’s current accounts this year
This report has announced an increase of about 3 times the balance of Iran’s current accounts in 2022. Iran’s current account balance in 2021, which was the year the 13th government began to operate, became positive after being negative for two years and reached 11.1 billion dollars. In 2019, Iran’s current account balance was negative 1.7 billion dollars and in 2020 it was reported negative 0.7 billion dollars.
Iran’s current account balance is expected to reach 32 billion dollars in 2022.