Islamic Republic of Iran: Staff Report for the 2005 Article IV Consultation

April 28, 2006

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Islamic Republic of Iran: Staff Report for the 2005 Article IV Consultation, (USA: International Monetary Fund, 2006) accessed November 21, 2024

Summary

Iran's 2005 Article IV Consultation highlights Fourth Five-Year Development Plan (FFYDP) and the Twenty-Year Vision. The country's real GDP growth reached 5½ percent a year on average, unemployment declined, and macroeconomic indicators improved significantly, supported by favorable oil market conditions. By increasing the openness of the economy and removing major obstacles to trade and investment, the reforms introduced in the period 2000/01–2002/03 contributed significantly to this strong performance. However, the economy remains heavily dependent on oil. Demographic dynamics will also put increasing pressure on the labor market in the coming years.

Subject: Banking, Commodities, Inflation, International trade, Oil, Oil exports, Oil prices, Oil, gas and mining taxes, Prices, Taxes

Keywords: Balance of payments' current account surplus, CR, East Africa, Eastern Europe, Expansionary fiscal policy, Fiscal policy, Gas and mining taxes, Inflation, Inflation rate, ISCR, Justice share, Majority private-sector ownership, Middle East, North Africa, Oil, Oil exports, Oil prices, Ownership of enterprise, Participation paper, Rate, Staff appraisal

Publication Details

Pages:

55
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/154
Stock No:

1IRNEA2006002
ISBN:

9781451819021
ISSN:

1934-7685

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