Abstract
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Table 1.
Sources: Iranian authorities; and Fund staff estimates and projections.
Islamic Republic of Iran: Key Economic Indicators, 2000/01–2005/06 1/
The Iranian fiscal year ends March 20.
Table 1.
Sources: Iranian authorities; and Fund staff estimates and projections.
Islamic Republic of Iran: Key Economic Indicators, 2000/01–2005/06 1/
| Q1–Q2 | Prel. Q1–Q2 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2000/01 | 2001/02 | 2002/03 | 2003/04 | 2004/05 | 2004/05 | 2005/06 | |||||
| Oil and gas sector | |||||||||||
| Total oil and gas exports (in billions of U.S. dollars) | 24.3 | 19.3 | 23.0 | 27.4 | 36.8 | 17.4 | 24.6 | ||||
| Average oil export price (in U.S. dollar/barrel) | 25.3 | 20.9 | 27.2 | 28.0 | 35.9 | … | … | ||||
| Crude oil production (in millions of barrels/day) | 3.7 | 3.6 | 3.2 | 3.8 | 4.0 | 3.9 | 4.0 | ||||
| (Annual percentage change, unless otherwise indicated) | |||||||||||
| National accounts | |||||||||||
| Nominal GDP at factor cost (in billions of Iranian rials) | 576,493 | 664,620 | 916,465 | 1,095,717 | 1,382,608 | 669,159 | 877,385 | ||||
| Nominal GDP in billions of U.S. dollars | 95.8 | 111.3 | 115.0 | 132.3 | 158.6 | 77.8 | 98.0 | ||||
| Real GDP at market prices | 5.1 | 3.7 | 7.5 | 6.7 | 5.6 | 5.4 | 4.5 | ||||
| Real GDP at factor cost | 5.0 | 3.3 | 7.4 | 6.7 | 4.8 | 4.6 | 5.5 | ||||
| Real oil and gas GDP | 8.3 | -8.1 | 5.1 | 7.6 | 2.6 | 3.1 | 2.4 | ||||
| Real non-oil GDP | 4.5 | 5.1 | 7.8 | 6.6 | 5.1 | 4.7 | 5.8 | ||||
| CPI inflation (average) | 12.6 | 11.4 | 15.8 | 15.6 | 15.2 | 15.0 | 11.3 | ||||
| GDP deflator at factor cost | 26.4 | 11.6 | 28.3 | 12.1 | 20.4 | 18.6 | 19.0 | ||||
| (In percent of GDP at market prices) | |||||||||||
| Investment and savings | |||||||||||
| Investment | 33.0 | 35.2 | 36.5 | 39.3 | 37.6 | 41.8 | 37.2 | ||||
| Change in stocks 2/ | 6.5 | 7.2 | 8.3 | 10.5 | 8.2 | 15.2 | 12.3 | ||||
| Total fixed capital investment | 26.4 | 28.0 | 28.2 | 28.8 | 29.3 | 26.6 | 24.8 | ||||
| Public | 8.9 | 8.8 | 10.6 | 9.8 | 10.2 | … | … | ||||
| Private | 17.6 | 19.2 | 17.5 | 19.0 | 19.1 | … | … | ||||
| Gross national savings | 46.0 | 40.5 | 39.5 | 39.9 | 40.0 | 45.5 | 44.4 | ||||
| Public | 23.3 | 14.6 | 14.8 | 15.6 | 16.4 | … | … | ||||
| Private | 22.8 | 25.9 | 24.7 | 24.2 | 23.6 | … | … | ||||
| Savings/investment balance | 13.1 | 5.3 | 3.1 | 0.6 | 2.5 | 3.8 | 7.2 | ||||
| (In percent of GDP at factor cost) | |||||||||||
| Budgetary operations | |||||||||||
| Revenue | 33.0 | 27.2 | 27.1 | 27.9 | 31.0 | 30.3 | 33.3 | ||||
| Oil | 22.2 | 15.5 | 16.3 | 16.8 | 19.1 | 19.4 | 24.9 | ||||
| Non-oil | 10.7 | 11.7 | 10.8 | 11.1 | 11.9 | 10.9 | 8.4 | ||||
| Expenditure and net lending | 24.3 | 25.6 | 29.5 | 28.0 | 31.4 | 28.0 | 23.6 | ||||
| Of which: current | 15.3 | 16.9 | 16.2 | 16.6 | 19.0 | 17.5 | 16.6 | ||||
| capital | 5.2 | 3.8 | 6.1 | 5.3 | 5.5 | 4.7 | 4.0 | ||||
| Balance | 8.7 | 1.6 | -2.4 | -0.1 | -0.4 | 2.3 | 9.7 | ||||
| Domestic financing | -7.5 | -0.9 | 0.9 | 0.6 | 1.2 | … | … | ||||
| External financing | -1.2 | -0.7 | 1.5 | -0.5 | -0.8 | … | … | ||||
| Non-oil balance | -13.5 | -13.9 | -18.7 | -16.9 | -19.5 | -17.1 | -15.2 | ||||
| (Annual percentage change) | |||||||||||
| Monetary sector | |||||||||||
| Net foreign assets | 136.8 | 14.3 | 37.7 | -0.8 | 118.8 | 13.5 | 125.8 | ||||
| Net domestic assets | 26.2 | 30.2 | 29.4 | 35.1 | 4.2 | 25.2 | -9.5 | ||||
| Credit to the private sector | 27.3 | 30.5 | 34.9 | 39.1 | 37.6 | 20.3 | 34.4 | ||||
| Broad money | 30.5 | 25.8 | 30.1 | 26.2 | 29.8 | 29.6 | 29.5 | ||||
| Velocity of broad money (index) | 2.2 | 2.0 | 2.2 | 2.1 | 2.0 | 2.3 | … | ||||
| (In billions of U.S. dollars, unless otherwise indicated) | |||||||||||
| External sector | |||||||||||
| Exports of goods and services | 30.5 | 27.4 | 33.3 | 40.2 | 51.4 | 24.4 | 32.0 | ||||
| Imports of goods and services | -18.6 | -22.1 | -30.6 | -40.3 | -48.4 | -22.7 | -25.6 | ||||
| Current account balance | 12.5 | 6.0 | 3.6 | 0.8 | 4.0 | 2.9 | 7.1 | ||||
| In percent of GDP | 13.1 | 5.3 | 3.1 | 0.6 | 2.5 | 3.8 | 7.2 | ||||
| External public and publicly guaranteed debt | 8.0 | 7.2 | 9.3 | 12.1 | 16.8 | … | … | ||||
| Of which: short-term debt | 3.7 | 2.7 | 2.1 | 4.8 | 10.3 | … | … | ||||
| Gross official reserves | 12.2 | 17.3 | 21.9 | 24.7 | 33.0 | 26.7 | 38.3 | ||||
| In months of the following year’s imports of goods and services | 6.7 | 7.0 | 6.4 | 6.3 | 7.4 | … | … | ||||
| Memorandum items: | |||||||||||
| Nominal effective exchange rate, 2000/01=100 | 100.0 | 111.2 | 109.4 | 93.3 | 80.2 | … | … | ||||
| Real effective exchange rate, 2000/01=100 | 100.0 | 118.6 | 128.6 | 124.1 | 122.6 | … | … | ||||
| Average exchange rate (Iranian rials per U.S. dollar) | 8,078.0 | 7,921.0 | 7,967.1 | 8,282.0 | 8,719.0 | … | … | ||||
The Iranian fiscal year ends March 20.
Table 1.
Sources: Iranian authorities; and Fund staff estimates and projections.
Islamic Republic of Iran: Key Economic Indicators, 2000/01–2005/06 1/
| Q1–Q2 | Prel. Q1–Q2 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2000/01 | 2001/02 | 2002/03 | 2003/04 | 2004/05 | 2004/05 | 2005/06 | |||||
| Oil and gas sector | |||||||||||
| Total oil and gas exports (in billions of U.S. dollars) | 24.3 | 19.3 | 23.0 | 27.4 | 36.8 | 17.4 | 24.6 | ||||
| Average oil export price (in U.S. dollar/barrel) | 25.3 | 20.9 | 27.2 | 28.0 | 35.9 | … | … | ||||
| Crude oil production (in millions of barrels/day) | 3.7 | 3.6 | 3.2 | 3.8 | 4.0 | 3.9 | 4.0 | ||||
| (Annual percentage change, unless otherwise indicated) | |||||||||||
| National accounts | |||||||||||
| Nominal GDP at factor cost (in billions of Iranian rials) | 576,493 | 664,620 | 916,465 | 1,095,717 | 1,382,608 | 669,159 | 877,385 | ||||
| Nominal GDP in billions of U.S. dollars | 95.8 | 111.3 | 115.0 | 132.3 | 158.6 | 77.8 | 98.0 | ||||
| Real GDP at market prices | 5.1 | 3.7 | 7.5 | 6.7 | 5.6 | 5.4 | 4.5 | ||||
| Real GDP at factor cost | 5.0 | 3.3 | 7.4 | 6.7 | 4.8 | 4.6 | 5.5 | ||||
| Real oil and gas GDP | 8.3 | -8.1 | 5.1 | 7.6 | 2.6 | 3.1 | 2.4 | ||||
| Real non-oil GDP | 4.5 | 5.1 | 7.8 | 6.6 | 5.1 | 4.7 | 5.8 | ||||
| CPI inflation (average) | 12.6 | 11.4 | 15.8 | 15.6 | 15.2 | 15.0 | 11.3 | ||||
| GDP deflator at factor cost | 26.4 | 11.6 | 28.3 | 12.1 | 20.4 | 18.6 | 19.0 | ||||
| (In percent of GDP at market prices) | |||||||||||
| Investment and savings | |||||||||||
| Investment | 33.0 | 35.2 | 36.5 | 39.3 | 37.6 | 41.8 | 37.2 | ||||
| Change in stocks 2/ | 6.5 | 7.2 | 8.3 | 10.5 | 8.2 | 15.2 | 12.3 | ||||
| Total fixed capital investment | 26.4 | 28.0 | 28.2 | 28.8 | 29.3 | 26.6 | 24.8 | ||||
| Public | 8.9 | 8.8 | 10.6 | 9.8 | 10.2 | … | … | ||||
| Private | 17.6 | 19.2 | 17.5 | 19.0 | 19.1 | … | … | ||||
| Gross national savings | 46.0 | 40.5 | 39.5 | 39.9 | 40.0 | 45.5 | 44.4 | ||||
| Public | 23.3 | 14.6 | 14.8 | 15.6 | 16.4 | … | … | ||||
| Private | 22.8 | 25.9 | 24.7 | 24.2 | 23.6 | … | … | ||||
| Savings/investment balance | 13.1 | 5.3 | 3.1 | 0.6 | 2.5 | 3.8 | 7.2 | ||||
| (In percent of GDP at factor cost) | |||||||||||
| Budgetary operations | |||||||||||
| Revenue | 33.0 | 27.2 | 27.1 | 27.9 | 31.0 | 30.3 | 33.3 | ||||
| Oil | 22.2 | 15.5 | 16.3 | 16.8 | 19.1 | 19.4 | 24.9 | ||||
| Non-oil | 10.7 | 11.7 | 10.8 | 11.1 | 11.9 | 10.9 | 8.4 | ||||
| Expenditure and net lending | 24.3 | 25.6 | 29.5 | 28.0 | 31.4 | 28.0 | 23.6 | ||||
| Of which: current | 15.3 | 16.9 | 16.2 | 16.6 | 19.0 | 17.5 | 16.6 | ||||
| capital | 5.2 | 3.8 | 6.1 | 5.3 | 5.5 | 4.7 | 4.0 | ||||
| Balance | 8.7 | 1.6 | -2.4 | -0.1 | -0.4 | 2.3 | 9.7 | ||||
| Domestic financing | -7.5 | -0.9 | 0.9 | 0.6 | 1.2 | … | … | ||||
| External financing | -1.2 | -0.7 | 1.5 | -0.5 | -0.8 | … | … | ||||
| Non-oil balance | -13.5 | -13.9 | -18.7 | -16.9 | -19.5 | -17.1 | -15.2 | ||||
| (Annual percentage change) | |||||||||||
| Monetary sector | |||||||||||
| Net foreign assets | 136.8 | 14.3 | 37.7 | -0.8 | 118.8 | 13.5 | 125.8 | ||||
| Net domestic assets | 26.2 | 30.2 | 29.4 | 35.1 | 4.2 | 25.2 | -9.5 | ||||
| Credit to the private sector | 27.3 | 30.5 | 34.9 | 39.1 | 37.6 | 20.3 | 34.4 | ||||
| Broad money | 30.5 | 25.8 | 30.1 | 26.2 | 29.8 | 29.6 | 29.5 | ||||
| Velocity of broad money (index) | 2.2 | 2.0 | 2.2 | 2.1 | 2.0 | 2.3 | … | ||||
| (In billions of U.S. dollars, unless otherwise indicated) | |||||||||||
| External sector | |||||||||||
| Exports of goods and services | 30.5 | 27.4 | 33.3 | 40.2 | 51.4 | 24.4 | 32.0 | ||||
| Imports of goods and services | -18.6 | -22.1 | -30.6 | -40.3 | -48.4 | -22.7 | -25.6 | ||||
| Current account balance | 12.5 | 6.0 | 3.6 | 0.8 | 4.0 | 2.9 | 7.1 | ||||
| In percent of GDP | 13.1 | 5.3 | 3.1 | 0.6 | 2.5 | 3.8 | 7.2 | ||||
| External public and publicly guaranteed debt | 8.0 | 7.2 | 9.3 | 12.1 | 16.8 | … | … | ||||
| Of which: short-term debt | 3.7 | 2.7 | 2.1 | 4.8 | 10.3 | … | … | ||||
| Gross official reserves | 12.2 | 17.3 | 21.9 | 24.7 | 33.0 | 26.7 | 38.3 | ||||
| In months of the following year’s imports of goods and services | 6.7 | 7.0 | 6.4 | 6.3 | 7.4 | … | … | ||||
| Memorandum items: | |||||||||||
| Nominal effective exchange rate, 2000/01=100 | 100.0 | 111.2 | 109.4 | 93.3 | 80.2 | … | … | ||||
| Real effective exchange rate, 2000/01=100 | 100.0 | 118.6 | 128.6 | 124.1 | 122.6 | … | … | ||||
| Average exchange rate (Iranian rials per U.S. dollar) | 8,078.0 | 7,921.0 | 7,967.1 | 8,282.0 | 8,719.0 | … | … | ||||
The Iranian fiscal year ends March 20.
Table 2.Source: Central Bank of Iran.
Islamic Republic of Iran: Aggregate Output and Expenditure Trends, 2000/01–2005/06 1/2/
(At constant 1997/98 prices)
The Iranian fiscal year ends March 20.
At constant prices.
Includes oil and gas production, refining, and distribution.
Table 2.
Source: Central Bank of Iran.
Islamic Republic of Iran: Aggregate Output and Expenditure Trends, 2000/01–2005/06 1/2/
(At constant 1997/98 prices)
| Q1–Q2 | Prel. Q1–Q2 | |||||||
|---|---|---|---|---|---|---|---|---|
| 2000/01 | 2001/02 | 2002/03 | 2003/04 | 2004/05 | 2004/05 | 2005/06 | ||
| (Annual percentage change) | ||||||||
| Hydrocarbon GDP 3/ | 8.3 | -8.1 | 5.1 | 7.6 | 2.6 | 3.1 | 2.4 | |
| Non-hydrocarbon GDP | 4.5 | 5.1 | 7.8 | 6.6 | 5.1 | 4.7 | 5.8 | |
| Agriculture | 3.5 | -0.7 | 11.4 | 5.3 | 2.2 | 3.2 | 7.2 | |
| Industry | 9.5 | 9.1 | 11.8 | 9.0 | 8.1 | 5.5 | 6.9 | |
| Services | 2.9 | 4.8 | 5.1 | 6.4 | 4.8 | 5.1 | 4.8 | |
| GDP at factor cost | 5.0 | 3.3 | 7.4 | 6.7 | 4.8 | 4.6 | 5.5 | |
| GDP at market prices | 5.1 | 3.7 | 7.5 | 6.7 | 5.6 | 5.4 | 4.5 | |
| Gross domestic expenditure, excluding change in inventories | 6.9 | 7.2 | 10.5 | 5.7 | 7.0 | 7.1 | 5.5 | |
| Consumption expenditure | 8.2 | 4.1 | 9.9 | 3.5 | 7.3 | 9.9 | 5.7 | |
| Gross fixed capital formation | 4.1 | 14.2 | 11.8 | 10.0 | 6.4 | 2.1 | 5.0 | |
| (In percent of GDP at market prices) | ||||||||
| Hydrocarbon GDP 3/ | 13.3 | 11.8 | 11.5 | 11.6 | 11.3 | 11.0 | 10.8 | |
| Non-hydrocarbon GDP | 86.0 | 87.2 | 87.4 | 87.3 | 86.9 | 88.6 | 89.7 | |
| Agriculture | 14.2 | 13.6 | 14.1 | 13.9 | 13.5 | 19.5 | 20.0 | |
| Industry | 20.9 | 21.9 | 22.8 | 23.3 | 23.9 | 22.1 | 22.6 | |
| Services | 51.0 | 51.6 | 50.5 | 50.1 | 49.6 | 48.0 | 48.2 | |
| Net indirect taxes | 0.7 | 1.0 | 1.1 | 1.1 | 1.8 | 0.4 | -0.5 | |
| Gross domestic expenditure, excluding change in inventories | 94.0 | 97.2 | 100.0 | 99.0 | 100.4 | 96.0 | 96.9 | |
| Consumption expenditure | 64.4 | 64.6 | 66.1 | 64.1 | 65.2 | 63.3 | 64.0 | |
| Gross fixed capital formation | 29.6 | 32.6 | 33.9 | 34.9 | 35.2 | 32.7 | 32.9 | |
The Iranian fiscal year ends March 20.
At constant prices.
Includes oil and gas production, refining, and distribution.
Table 2.
Source: Central Bank of Iran.
Islamic Republic of Iran: Aggregate Output and Expenditure Trends, 2000/01–2005/06 1/2/
(At constant 1997/98 prices)
| Q1–Q2 | Prel. Q1–Q2 | |||||||
|---|---|---|---|---|---|---|---|---|
| 2000/01 | 2001/02 | 2002/03 | 2003/04 | 2004/05 | 2004/05 | 2005/06 | ||
| (Annual percentage change) | ||||||||
| Hydrocarbon GDP 3/ | 8.3 | -8.1 | 5.1 | 7.6 | 2.6 | 3.1 | 2.4 | |
| Non-hydrocarbon GDP | 4.5 | 5.1 | 7.8 | 6.6 | 5.1 | 4.7 | 5.8 | |
| Agriculture | 3.5 | -0.7 | 11.4 | 5.3 | 2.2 | 3.2 | 7.2 | |
| Industry | 9.5 | 9.1 | 11.8 | 9.0 | 8.1 | 5.5 | 6.9 | |
| Services | 2.9 | 4.8 | 5.1 | 6.4 | 4.8 | 5.1 | 4.8 | |
| GDP at factor cost | 5.0 | 3.3 | 7.4 | 6.7 | 4.8 | 4.6 | 5.5 | |
| GDP at market prices | 5.1 | 3.7 | 7.5 | 6.7 | 5.6 | 5.4 | 4.5 | |
| Gross domestic expenditure, excluding change in inventories | 6.9 | 7.2 | 10.5 | 5.7 | 7.0 | 7.1 | 5.5 | |
| Consumption expenditure | 8.2 | 4.1 | 9.9 | 3.5 | 7.3 | 9.9 | 5.7 | |
| Gross fixed capital formation | 4.1 | 14.2 | 11.8 | 10.0 | 6.4 | 2.1 | 5.0 | |
| (In percent of GDP at market prices) | ||||||||
| Hydrocarbon GDP 3/ | 13.3 | 11.8 | 11.5 | 11.6 | 11.3 | 11.0 | 10.8 | |
| Non-hydrocarbon GDP | 86.0 | 87.2 | 87.4 | 87.3 | 86.9 | 88.6 | 89.7 | |
| Agriculture | 14.2 | 13.6 | 14.1 | 13.9 | 13.5 | 19.5 | 20.0 | |
| Industry | 20.9 | 21.9 | 22.8 | 23.3 | 23.9 | 22.1 | 22.6 | |
| Services | 51.0 | 51.6 | 50.5 | 50.1 | 49.6 | 48.0 | 48.2 | |
| Net indirect taxes | 0.7 | 1.0 | 1.1 | 1.1 | 1.8 | 0.4 | -0.5 | |
| Gross domestic expenditure, excluding change in inventories | 94.0 | 97.2 | 100.0 | 99.0 | 100.4 | 96.0 | 96.9 | |
| Consumption expenditure | 64.4 | 64.6 | 66.1 | 64.1 | 65.2 | 63.3 | 64.0 | |
| Gross fixed capital formation | 29.6 | 32.6 | 33.9 | 34.9 | 35.2 | 32.7 | 32.9 | |
The Iranian fiscal year ends March 20.
At constant prices.
Includes oil and gas production, refining, and distribution.
Table 3.Sources: Iranian authorities; and Fund staff estimates and projections.
Islamic Republic of Iran: Central Government Operations, 2000/01–2005/06 1/
(In billions of rials)
The Iranian fiscal year ends March 20.
2/ Staff projections reflecting current policies.
In 2005/06 and 2006/07, includes a transfer of profits and revenue of about $5 billion from the oil company (NIOC).
Table 3.
Sources: Iranian authorities; and Fund staff estimates and projections.
Islamic Republic of Iran: Central Government Operations, 2000/01–2005/06 1/
(In billions of rials)
| Q1–Q2 | Prel. Q1–Q2 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2000/01 | 2001/02 | 2002/03 | 2003/04 | 2004/05 | 2004/05 | 2005/06 | |||||
| Revenue | 189,989 | 180,979 | 248,261 | 305,540 | 428,872 | 202,931 | 292,120 | ||||
| Revenue from oil and gas exports | 128,205 | 103,138 | 149,685 | 184,387 | 264,632 | 130092 | 218825 | ||||
| Of which: allocated to the budget | … | … | 105,152 | 138,660 | 175,639 | … | … | ||||
| Tax and nontax revenue | 61,784 | 77,841 | 98,576 | 121,154 | 164,240 | 72,839 | 73,295 | ||||
| Tax revenue | 33,298 | 41,682 | 50,553 | 65,099 | 84,421 | 35,216 | 44,571 | ||||
| Nontax revenue 3/ | 12,004 | 13,443 | 15,035 | 15,586 | 20,730 | 8078 | 12735 | ||||
| Of which: revenue from OSF (income earned) | 0 | 1,241 | 1,592 | 1,895 | 1,574 | 775 | 1616 | ||||
| Earmarked revenue | 16,481 | 22,717 | 32,988 | 40,469 | 59,090 | 29545 | 15989 | ||||
| Expenditure and net lending | 139,893 | 170,185 | 270,189 | 306,772 | 433,670 | 187,208 | 206,949 | ||||
| Current expenditure | 88,068 | 112,551 | 148,748 | 181,600 | 262,443 | 117,305 | 146,000 | ||||
| Wages and salaries | 60,036 | 44,000 | 57,132 | 65,725 | 76,300 | … | … | ||||
| Interest payments | … | 1,926 | 3,075 | 3,344 | 3,727 | … | … | ||||
| Subsidies | 8,118 | 11,784 | 36,648 | 45,123 | 73,403 | … | … | ||||
| Basic goods subsidies | … | … | 36,648 | 45,123 | 55,743 | … | … | ||||
| Gasoline import and gas subsidies | … | … | … | … | 17,660 | … | … | ||||
| Social benefits | … | … | 21,941 | 31,770 | 38,800 | … | … | ||||
| Goods and services | … | … | 19,110 | 24,761 | 43,140 | … | … | ||||
| Grants | … | … | 5,917 | 7,048 | 8,400 | … | … | ||||
| Other | … | … | 4,925 | 3,829 | 18,674 | … | … | ||||
| Capital expenditure | 30,115 | 25,488 | 56,305 | 57,772 | 76,680 | 31454 | 35082 | ||||
| Earmarked expenditure | 16,481 | 22,717 | 32,988 | 40,469 | 59,090 | 29545 | 15989 | ||||
| Foreign exchange losses | 2,028 | 0 | 23,874 | 18,595 | 19,591 | 1164 | 0 | ||||
| Net lending | 3,201 | 2,974 | 4,294 | 8,335 | 15,866 | 7740 | 9878 | ||||
| Overall balance (deficit (−)) | 50,096 | 10,795 | -21,928 | -1,231 | -4,799 | 15,723 | 85,171 | ||||
| Overall non-oil balance (deficit (−)) | -78,110 | -92,343 | -171,613 | -185,618 | -269,430 | -114,369 | -133,654 | ||||
| Financing | -50,096 | -10,795 | 21,928 | 1,231 | 4,799 | -15,723 | -85,171 | ||||
| Net domestic | -43,221 | -6,197 | 7,966 | 6,516 | 16,131 | … | … | ||||
| Banking system (net) | -45,265 | -2,081 | 2,176 | -2,404 | -4,582 | … | … | ||||
| Banking system claims | -53,175 | -4,348 | 3,729 | 3,653 | 4,429 | … | … | ||||
| Financing by BMJII | … | -2,348 | 3,729 | 3,653 | 5,629 | … | … | ||||
| Other bank financing | … | -2,000 | 0 | 0 | -1,200 | … | … | ||||
| Governments deposits with the banking system | -7,910 | 2,267 | -1,553 | -6,057 | -9,011 | … | … | ||||
| Of which: OSF | -46,625 | -10,727 | -6,241 | -3,000 | -9,011 | … | … | ||||
| Nonbanks, including privatization proceeds | 2,044 | -4,116 | 5,790 | 8,920 | 20,714 | … | … | ||||
| Nonbanks (participation papers) | 2,050 | 2,305 | 4,775 | 2,798 | 12,457 | … | … | ||||
| Advance receipts (Hajj) | -731 | -755 | -756 | -741 | … | … | … | ||||
| Utilization of returns, prepayments | 742 | 616 | 784 | 0 | … | … | … | ||||
| Of which: privatization proceeds 4/ | 0 | -331 | 1,064 | 2,331 | 2,813 | … | … | ||||
| Debt repayment (nonbank) | -17 | 0 | -78 | 0 | 0 | … | … | ||||
| Other financing | -5,951 | 0 | 4,532 | 5,444 | … | … | |||||
| Net external | -6,875 | -4,598 | 13,962 | -5,285 | -11,333 | … | … | ||||
| Memorandum item: | |||||||||||
| Implicit energy subsidies | … | … | … | 117,429 | 170,608 | … | … | ||||
| Revenue | 33.0 | 27.2 | 27.1 | 27.9 | 31.0 | 30.3 | 33.3 | ||||
| Revenue from oil and gas exports | 22.2 | 15.5 | 16.3 | 16.8 | 19.1 | 19.4 | 24.9 | ||||
| Tax and nontax revenue | 10.7 | 11.7 | 10.8 | 11.1 | 11.9 | 10.9 | 8.4 | ||||
| Tax revenue | 5.8 | 6.3 | 5.5 | 5.9 | 6.1 | 5.3 | 5.1 | ||||
| Nontax revenue 3/ | 2.1 | 2.0 | 1.6 | 1.4 | 1.5 | 1.2 | 1.5 | ||||
| Of which: revenue from OSF (income earned) | … | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.2 | ||||
| Earmarked revenue | 2.9 | 3.4 | 3.6 | 3.7 | 4.3 | 4.4 | 1.8 | ||||
| Expenditure and net lending | 24.3 | 25.6 | 29.5 | 28.0 | 31.4 | 28.0 | 23.6 | ||||
| Current expenditure | 15.3 | 16.9 | 16.2 | 16.6 | 19.0 | 17.5 | 16.6 | ||||
| Wages and salaries | 10.4 | 6.6 | 6.2 | 6.0 | 5.5 | … | … | ||||
| Interest payments | … | 0.3 | 0.3 | 0.3 | 0.3 | … | … | ||||
| Subsidies | 1.4 | 1.8 | 4.0 | 4.1 | 5.3 | … | … | ||||
| Basic goods subsidies | … | 4.0 | 4.1 | 4.0 | … | … | |||||
| Gasoline import and gas subsidies | … | … | … | 1.3 | … | … | |||||
| Social benefits | … | 2.4 | 2.9 | 2.8 | … | … | |||||
| Goods and services | … | … | 2.1 | 2.3 | 3.1 | … | … | ||||
| Grants | … | … | 0.6 | 0.6 | 0.6 | … | … | ||||
| Other | … | … | 0.5 | 0.3 | 1.4 | … | … | ||||
| Capital expenditure | 5.2 | 3.8 | 6.1 | 5.3 | 5.5 | 4.7 | 4.0 | ||||
| Earmarked expenditure | 2.9 | 3.4 | 3.6 | 3.7 | 4.3 | 4.4 | 1.8 | ||||
| Foreign exchange losses | 0.4 | 0.0 | 2.6 | 1.7 | 1.4 | 0.2 | 0.0 | ||||
| Net lending | 0.6 | 0.4 | 0.5 | 0.8 | 1.1 | 1.2 | 1.1 | ||||
| Overall balance (deficit (−)) | 8.7 | 1.6 | -2.4 | -0.1 | -0.3 | 2.3 | 9.7 | ||||
| Overall non-oil balance (deficit (−)) | -13.5 | -13.9 | -18.7 | -16.9 | -19.5 | -17.1 | -15.2 | ||||
| Financing | -8.7 | -1.6 | 2.4 | 0.1 | 0.3 | -2.3 | -9.7 | ||||
| Net domestic | -7.5 | -0.9 | 0.9 | 0.6 | 1.2 | … | … | ||||
| Banking system (net) | -7.9 | -0.3 | 0.2 | -0.2 | -0.3 | … | … | ||||
| Of which: OSF | -8.1 | -1.6 | -0.7 | -0.3 | -0.7 | … | … | ||||
| Nonbanks, including privatization proceeds | 0.4 | -0.6 | 0.6 | 0.8 | 1.5 | … | … | ||||
| Net external | -1.2 | -0.7 | 1.5 | -0.5 | -0.8 | … | … | ||||
| Memorandum item: | |||||||||||
| Implicit energy subsidies | … | … | … | 10.7 | 12.3 | … | … | ||||
The Iranian fiscal year ends March 20.
2/ Staff projections reflecting current policies.
In 2005/06 and 2006/07, includes a transfer of profits and revenue of about $5 billion from the oil company (NIOC).
Table 3.
Sources: Iranian authorities; and Fund staff estimates and projections.
Islamic Republic of Iran: Central Government Operations, 2000/01–2005/06 1/
(In billions of rials)
| Q1–Q2 | Prel. Q1–Q2 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2000/01 | 2001/02 | 2002/03 | 2003/04 | 2004/05 | 2004/05 | 2005/06 | |||||
| Revenue | 189,989 | 180,979 | 248,261 | 305,540 | 428,872 | 202,931 | 292,120 | ||||
| Revenue from oil and gas exports | 128,205 | 103,138 | 149,685 | 184,387 | 264,632 | 130092 | 218825 | ||||
| Of which: allocated to the budget | … | … | 105,152 | 138,660 | 175,639 | … | … | ||||
| Tax and nontax revenue | 61,784 | 77,841 | 98,576 | 121,154 | 164,240 | 72,839 | 73,295 | ||||
| Tax revenue | 33,298 | 41,682 | 50,553 | 65,099 | 84,421 | 35,216 | 44,571 | ||||
| Nontax revenue 3/ | 12,004 | 13,443 | 15,035 | 15,586 | 20,730 | 8078 | 12735 | ||||
| Of which: revenue from OSF (income earned) | 0 | 1,241 | 1,592 | 1,895 | 1,574 | 775 | 1616 | ||||
| Earmarked revenue | 16,481 | 22,717 | 32,988 | 40,469 | 59,090 | 29545 | 15989 | ||||
| Expenditure and net lending | 139,893 | 170,185 | 270,189 | 306,772 | 433,670 | 187,208 | 206,949 | ||||
| Current expenditure | 88,068 | 112,551 | 148,748 | 181,600 | 262,443 | 117,305 | 146,000 | ||||
| Wages and salaries | 60,036 | 44,000 | 57,132 | 65,725 | 76,300 | … | … | ||||
| Interest payments | … | 1,926 | 3,075 | 3,344 | 3,727 | … | … | ||||
| Subsidies | 8,118 | 11,784 | 36,648 | 45,123 | 73,403 | … | … | ||||
| Basic goods subsidies | … | … | 36,648 | 45,123 | 55,743 | … | … | ||||
| Gasoline import and gas subsidies | … | … | … | … | 17,660 | … | … | ||||
| Social benefits | … | … | 21,941 | 31,770 | 38,800 | … | … | ||||
| Goods and services | … | … | 19,110 | 24,761 | 43,140 | … | … | ||||
| Grants | … | … | 5,917 | 7,048 | 8,400 | … | … | ||||
| Other | … | … | 4,925 | 3,829 | 18,674 | … | … | ||||
| Capital expenditure | 30,115 | 25,488 | 56,305 | 57,772 | 76,680 | 31454 | 35082 | ||||
| Earmarked expenditure | 16,481 | 22,717 | 32,988 | 40,469 | 59,090 | 29545 | 15989 | ||||
| Foreign exchange losses | 2,028 | 0 | 23,874 | 18,595 | 19,591 | 1164 | 0 | ||||
| Net lending | 3,201 | 2,974 | 4,294 | 8,335 | 15,866 | 7740 | 9878 | ||||
| Overall balance (deficit (−)) | 50,096 | 10,795 | -21,928 | -1,231 | -4,799 | 15,723 | 85,171 | ||||
| Overall non-oil balance (deficit (−)) | -78,110 | -92,343 | -171,613 | -185,618 | -269,430 | -114,369 | -133,654 | ||||
| Financing | -50,096 | -10,795 | 21,928 | 1,231 | 4,799 | -15,723 | -85,171 | ||||
| Net domestic | -43,221 | -6,197 | 7,966 | 6,516 | 16,131 | … | … | ||||
| Banking system (net) | -45,265 | -2,081 | 2,176 | -2,404 | -4,582 | … | … | ||||
| Banking system claims | -53,175 | -4,348 | 3,729 | 3,653 | 4,429 | … | … | ||||
| Financing by BMJII | … | -2,348 | 3,729 | 3,653 | 5,629 | … | … | ||||
| Other bank financing | … | -2,000 | 0 | 0 | -1,200 | … | … | ||||
| Governments deposits with the banking system | -7,910 | 2,267 | -1,553 | -6,057 | -9,011 | … | … | ||||
| Of which: OSF | -46,625 | -10,727 | -6,241 | -3,000 | -9,011 | … | … | ||||
| Nonbanks, including privatization proceeds | 2,044 | -4,116 | 5,790 | 8,920 | 20,714 | … | … | ||||
| Nonbanks (participation papers) | 2,050 | 2,305 | 4,775 | 2,798 | 12,457 | … | … | ||||
| Advance receipts (Hajj) | -731 | -755 | -756 | -741 | … | … | … | ||||
| Utilization of returns, prepayments | 742 | 616 | 784 | 0 | … | … | … | ||||
| Of which: privatization proceeds 4/ | 0 | -331 | 1,064 | 2,331 | 2,813 | … | … | ||||
| Debt repayment (nonbank) | -17 | 0 | -78 | 0 | 0 | … | … | ||||
| Other financing | -5,951 | 0 | 4,532 | 5,444 | … | … | |||||
| Net external | -6,875 | -4,598 | 13,962 | -5,285 | -11,333 | … | … | ||||
| Memorandum item: | |||||||||||
| Implicit energy subsidies | … | … | … | 117,429 | 170,608 | … | … | ||||
| Revenue | 33.0 | 27.2 | 27.1 | 27.9 | 31.0 | 30.3 | 33.3 | ||||
| Revenue from oil and gas exports | 22.2 | 15.5 | 16.3 | 16.8 | 19.1 | 19.4 | 24.9 | ||||
| Tax and nontax revenue | 10.7 | 11.7 | 10.8 | 11.1 | 11.9 | 10.9 | 8.4 | ||||
| Tax revenue | 5.8 | 6.3 | 5.5 | 5.9 | 6.1 | 5.3 | 5.1 | ||||
| Nontax revenue 3/ | 2.1 | 2.0 | 1.6 | 1.4 | 1.5 | 1.2 | 1.5 | ||||
| Of which: revenue from OSF (income earned) | … | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.2 | ||||
| Earmarked revenue | 2.9 | 3.4 | 3.6 | 3.7 | 4.3 | 4.4 | 1.8 | ||||
| Expenditure and net lending | 24.3 | 25.6 | 29.5 | 28.0 | 31.4 | 28.0 | 23.6 | ||||
| Current expenditure | 15.3 | 16.9 | 16.2 | 16.6 | 19.0 | 17.5 | 16.6 | ||||
| Wages and salaries | 10.4 | 6.6 | 6.2 | 6.0 | 5.5 | … | … | ||||
| Interest payments | … | 0.3 | 0.3 | 0.3 | 0.3 | … | … | ||||
| Subsidies | 1.4 | 1.8 | 4.0 | 4.1 | 5.3 | … | … | ||||
| Basic goods subsidies | … | 4.0 | 4.1 | 4.0 | … | … | |||||
| Gasoline import and gas subsidies | … | … | … | 1.3 | … | … | |||||
| Social benefits | … | 2.4 | 2.9 | 2.8 | … | … | |||||
| Goods and services | … | … | 2.1 | 2.3 | 3.1 | … | … | ||||
| Grants | … | … | 0.6 | 0.6 | 0.6 | … | … | ||||
| Other | … | … | 0.5 | 0.3 | 1.4 | … | … | ||||
| Capital expenditure | 5.2 | 3.8 | 6.1 | 5.3 | 5.5 | 4.7 | 4.0 | ||||
| Earmarked expenditure | 2.9 | 3.4 | 3.6 | 3.7 | 4.3 | 4.4 | 1.8 | ||||
| Foreign exchange losses | 0.4 | 0.0 | 2.6 | 1.7 | 1.4 | 0.2 | 0.0 | ||||
| Net lending | 0.6 | 0.4 | 0.5 | 0.8 | 1.1 | 1.2 | 1.1 | ||||
| Overall balance (deficit (−)) | 8.7 | 1.6 | -2.4 | -0.1 | -0.3 | 2.3 | 9.7 | ||||
| Overall non-oil balance (deficit (−)) | -13.5 | -13.9 | -18.7 | -16.9 | -19.5 | -17.1 | -15.2 | ||||
| Financing | -8.7 | -1.6 | 2.4 | 0.1 | 0.3 | -2.3 | -9.7 | ||||
| Net domestic | -7.5 | -0.9 | 0.9 | 0.6 | 1.2 | … | … | ||||
| Banking system (net) | -7.9 | -0.3 | 0.2 | -0.2 | -0.3 | … | … | ||||
| Of which: OSF | -8.1 | -1.6 | -0.7 | -0.3 | -0.7 | … | … | ||||
| Nonbanks, including privatization proceeds | 0.4 | -0.6 | 0.6 | 0.8 | 1.5 | … | … | ||||
| Net external | -1.2 | -0.7 | 1.5 | -0.5 | -0.8 | … | … | ||||
| Memorandum item: | |||||||||||
| Implicit energy subsidies | … | … | … | 10.7 | 12.3 | … | … | ||||
The Iranian fiscal year ends March 20.
2/ Staff projections reflecting current policies.
In 2005/06 and 2006/07, includes a transfer of profits and revenue of about $5 billion from the oil company (NIOC).
Table 4.Sources: Data provided by the Iranian authorities; and Fund staff estimates and projections.
Islamic Republic of Iran: Balance of Payments, 2000/01–2005/06 1/
(In millions of U.S. dollars, unless otherwise indicated)
The Iranian fiscal year ends March 20.
Includes World Bank lending as well as Eurobond borrowing in 2002/03.
Letters of credit related borrowing, a minor part of which may have maturities in excess of one year.
Including commercial banks.
Including valuation adjustments.
6/ Represents the part of the Oil Stabilization Fund that is invested together with the gross international reserves.
7/ Excluding short-term debt.
Table 4.
Sources: Data provided by the Iranian authorities; and Fund staff estimates and projections.
Islamic Republic of Iran: Balance of Payments, 2000/01–2005/06 1/
(In millions of U.S. dollars, unless otherwise indicated)
| Q1–Q2 | Prel. Q1–Q2 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2000/01 | 2001/02 | 2002/03 | 2003/04 | 2004/05 | 2004/05 | 2005/06 | ||||||
| Current account | 12,500 | 5,985 | 3,585 | 816 | 3,989 | 2,934 | 7,103 | |||||
| Trade balance | 13,375 | 5,775 | 6,201 | 4,430 | 7,764 | 3,930 | 9,573 | |||||
| Exports | 28,461 | 23,904 | 28,237 | 33,991 | 44,403 | 20,932 | 28,699 | |||||
| Oil and gas | 24,280 | 19,339 | 22,966 | 27,355 | 36,827 | 17,421 | 24,638 | |||||
| Crude oil | 21,011 | 16,806 | 19,380 | 23,113 | 31,731 | … | 22,816 | |||||
| Petroleum products and natural gas | 3,269 | 2,533 | 3,586 | 4,242 | 5,096 | … | 1,552 | |||||
| Refined products | 2,391 | 2,141 | 2,587 | 2,517 | 2,650 | … | 940 | |||||
| Natural gas and others | 878 | 392 | 999 | 1,725 | 2,446 | … | 612 | |||||
| Non-Oil and gas | 4,181 | 4,565 | 5,271 | 6,636 | 7,576 | 3,511 | 4,061 | |||||
| Imports | -15,086 | -18,129 | -22,036 | -29,561 | -36,639 | -17,002 | -19,126 | |||||
| Services (net) | -1,485 | -495 | -3,503 | -4,535 | -4,812 | -2,156 | -3,156 | |||||
| Credits | 2,012 | 3,488 | 5,025 | 6,249 | 6,991 | 3,512 | 3,309 | |||||
| Freight and insurance | 450 | 731 | 1,316 | 1,704 | 1,897 | 924 | 1,031 | |||||
| Transportation | 210 | 231 | 250 | 233 | 250 | 132 | 169 | |||||
| Travel | 467 | 891 | 1,357 | 1,033 | 1,074 | 889 | 390 | |||||
| Other public | 368 | 576 | 632 | 1,099 | 1,297 | 504 | 565 | |||||
| Other private | 302 | 404 | 817 | 1,399 | 1,665 | 638 | 727 | |||||
| Of which: interest income | 215 | 655 | 653 | 781 | 808 | 425 | 427 | |||||
| Debits | -3,497 | -3,983 | -8,528 | -10,784 | -11,803 | -5,668 | -6,465 | |||||
| Freight and insurance | -1,347 | -1,539 | -434 | -756 | -820 | -492 | -607 | |||||
| Transportation | -3 | -6 | -240 | -278 | -300 | -165 | -215 | |||||
| Travel | -668 | -708 | -3,750 | -3,842 | -4,053 | -2,105 | -2,252 | |||||
| Other public | -966 | -1,135 | -2,065 | -3,306 | -3,703 | -1,876 | -2,045 | |||||
| Other private | -143 | -198 | -957 | -1,556 | -1,761 | -735 | -871 | |||||
| Of which: interest payments | -370 | -397 | -1,082 | -1,046 | -1,166 | -294 | -475 | |||||
| Transfers (net) | 610 | 705 | 887 | 921 | 1,037 | 619 | 686 | |||||
| Official | 74 | 23 | 36 | 4 | 6 | 58 | 63 | |||||
| Private | 536 | 682 | 851 | 917 | 1,032 | 562 | 624 | |||||
| Capital and financial accounts | -4,567 | -470 | 2,455 | 4,476 | 6,308 | 1,303 | 81 | |||||
| Medium-term and long-term capital | -2,555 | 288 | 2,354 | -360 | -946 | -671 | -262 | |||||
| Bilateral project financing | -473 | 168 | 521 | 175 | -91 | … | … | |||||
| Disbursements | 653 | 959 | 1,212 | 987 | 907 | … | … | |||||
| Repayments | -1,126 | -791 | -691 | -812 | -998 | … | … | |||||
| Repayments of rescheduled debt | -884 | -327 | -60 | 0 | 0 | … | … | |||||
| Other official financing and portfolio investment 2/ | 10 | -35 | 1,015 | 51 | 236 | … | … | |||||
| Oil prefinancing | -1,208 | 482 | 878 | -586 | -1,091 | … | … | |||||
| Short-term capital 3/ | -326 | -1,026 | -575 | 2,714 | 5,462 | 943 | 120 | |||||
| Other capital 4/ | -2,416 | -1,995 | -541 | -285 | 113 | … | -142 | |||||
| Foreign direct investment and portfolio equity | 730 | 2,263 | 1,217 | 2,407 | 1,679 | … | 365 | |||||
| Of which: buybacks | 649 | 2,169 | 967 | 1,907 | 1,179 | … | 223 | |||||
| Errors and omissions 5/ | -1,404 | -754 | -2,515 | -1,582 | -1,979 | -2,212 | -1,908 | |||||
| Overall balance | 6,529 | 4,761 | 3,525 | 3,710 | 8,318 | 2,025 | 5,276 | |||||
| Change in gross official reserves (increase -) | -6,529 | -4,761 | -3,525 | -3,710 | -8,318 | -2,025 | -5,276 | |||||
| Memorandum items: | ||||||||||||
| Gross official reserves (in millions of U.S. dollars) | 12,679 | 17,440 | 20,965 | 24,675 | 32,993 | 26,700 | 38,269 | |||||
| (in months of the following year’s imports) | 7.0 | 7.1 | 6.4 | 6.3 | 7.3 | … | … | |||||
| Current account in percent of GDP | 13.1 | 5.2 | 3.1 | 0.6 | 2.5 | 3.8 | 7.2 | |||||
The Iranian fiscal year ends March 20.
Includes World Bank lending as well as Eurobond borrowing in 2002/03.
Letters of credit related borrowing, a minor part of which may have maturities in excess of one year.
Including commercial banks.
Including valuation adjustments.
6/ Represents the part of the Oil Stabilization Fund that is invested together with the gross international reserves.
7/ Excluding short-term debt.
Table 4.
Sources: Data provided by the Iranian authorities; and Fund staff estimates and projections.
Islamic Republic of Iran: Balance of Payments, 2000/01–2005/06 1/
(In millions of U.S. dollars, unless otherwise indicated)
| Q1–Q2 | Prel. Q1–Q2 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2000/01 | 2001/02 | 2002/03 | 2003/04 | 2004/05 | 2004/05 | 2005/06 | ||||||
| Current account | 12,500 | 5,985 | 3,585 | 816 | 3,989 | 2,934 | 7,103 | |||||
| Trade balance | 13,375 | 5,775 | 6,201 | 4,430 | 7,764 | 3,930 | 9,573 | |||||
| Exports | 28,461 | 23,904 | 28,237 | 33,991 | 44,403 | 20,932 | 28,699 | |||||
| Oil and gas | 24,280 | 19,339 | 22,966 | 27,355 | 36,827 | 17,421 | 24,638 | |||||
| Crude oil | 21,011 | 16,806 | 19,380 | 23,113 | 31,731 | … | 22,816 | |||||
| Petroleum products and natural gas | 3,269 | 2,533 | 3,586 | 4,242 | 5,096 | … | 1,552 | |||||
| Refined products | 2,391 | 2,141 | 2,587 | 2,517 | 2,650 | … | 940 | |||||
| Natural gas and others | 878 | 392 | 999 | 1,725 | 2,446 | … | 612 | |||||
| Non-Oil and gas | 4,181 | 4,565 | 5,271 | 6,636 | 7,576 | 3,511 | 4,061 | |||||
| Imports | -15,086 | -18,129 | -22,036 | -29,561 | -36,639 | -17,002 | -19,126 | |||||
| Services (net) | -1,485 | -495 | -3,503 | -4,535 | -4,812 | -2,156 | -3,156 | |||||
| Credits | 2,012 | 3,488 | 5,025 | 6,249 | 6,991 | 3,512 | 3,309 | |||||
| Freight and insurance | 450 | 731 | 1,316 | 1,704 | 1,897 | 924 | 1,031 | |||||
| Transportation | 210 | 231 | 250 | 233 | 250 | 132 | 169 | |||||
| Travel | 467 | 891 | 1,357 | 1,033 | 1,074 | 889 | 390 | |||||
| Other public | 368 | 576 | 632 | 1,099 | 1,297 | 504 | 565 | |||||
| Other private | 302 | 404 | 817 | 1,399 | 1,665 | 638 | 727 | |||||
| Of which: interest income | 215 | 655 | 653 | 781 | 808 | 425 | 427 | |||||
| Debits | -3,497 | -3,983 | -8,528 | -10,784 | -11,803 | -5,668 | -6,465 | |||||
| Freight and insurance | -1,347 | -1,539 | -434 | -756 | -820 | -492 | -607 | |||||
| Transportation | -3 | -6 | -240 | -278 | -300 | -165 | -215 | |||||
| Travel | -668 | -708 | -3,750 | -3,842 | -4,053 | -2,105 | -2,252 | |||||
| Other public | -966 | -1,135 | -2,065 | -3,306 | -3,703 | -1,876 | -2,045 | |||||
| Other private | -143 | -198 | -957 | -1,556 | -1,761 | -735 | -871 | |||||
| Of which: interest payments | -370 | -397 | -1,082 | -1,046 | -1,166 | -294 | -475 | |||||
| Transfers (net) | 610 | 705 | 887 | 921 | 1,037 | 619 | 686 | |||||
| Official | 74 | 23 | 36 | 4 | 6 | 58 | 63 | |||||
| Private | 536 | 682 | 851 | 917 | 1,032 | 562 | 624 | |||||
| Capital and financial accounts | -4,567 | -470 | 2,455 | 4,476 | 6,308 | 1,303 | 81 | |||||
| Medium-term and long-term capital | -2,555 | 288 | 2,354 | -360 | -946 | -671 | -262 | |||||
| Bilateral project financing | -473 | 168 | 521 | 175 | -91 | … | … | |||||
| Disbursements | 653 | 959 | 1,212 | 987 | 907 | … | … | |||||
| Repayments | -1,126 | -791 | -691 | -812 | -998 | … | … | |||||
| Repayments of rescheduled debt | -884 | -327 | -60 | 0 | 0 | … | … | |||||
| Other official financing and portfolio investment 2/ | 10 | -35 | 1,015 | 51 | 236 | … | … | |||||
| Oil prefinancing | -1,208 | 482 | 878 | -586 | -1,091 | … | … | |||||
| Short-term capital 3/ | -326 | -1,026 | -575 | 2,714 | 5,462 | 943 | 120 | |||||
| Other capital 4/ | -2,416 | -1,995 | -541 | -285 | 113 | … | -142 | |||||
| Foreign direct investment and portfolio equity | 730 | 2,263 | 1,217 | 2,407 | 1,679 | … | 365 | |||||
| Of which: buybacks | 649 | 2,169 | 967 | 1,907 | 1,179 | … | 223 | |||||
| Errors and omissions 5/ | -1,404 | -754 | -2,515 | -1,582 | -1,979 | -2,212 | -1,908 | |||||
| Overall balance | 6,529 | 4,761 | 3,525 | 3,710 | 8,318 | 2,025 | 5,276 | |||||
| Change in gross official reserves (increase -) | -6,529 | -4,761 | -3,525 | -3,710 | -8,318 | -2,025 | -5,276 | |||||
| Memorandum items: | ||||||||||||
| Gross official reserves (in millions of U.S. dollars) | 12,679 | 17,440 | 20,965 | 24,675 | 32,993 | 26,700 | 38,269 | |||||
| (in months of the following year’s imports) | 7.0 | 7.1 | 6.4 | 6.3 | 7.3 | … | … | |||||
| Current account in percent of GDP | 13.1 | 5.2 | 3.1 | 0.6 | 2.5 | 3.8 | 7.2 | |||||
The Iranian fiscal year ends March 20.
Includes World Bank lending as well as Eurobond borrowing in 2002/03.
Letters of credit related borrowing, a minor part of which may have maturities in excess of one year.
Including commercial banks.
Including valuation adjustments.
6/ Represents the part of the Oil Stabilization Fund that is invested together with the gross international reserves.
7/ Excluding short-term debt.
Table 5.Sources: Central Bank of Iran; and Fund staff estimates and projections.
Islamic Republic of Iran: Monetary Survey, 2001/02–2005/06 1/
(In billions of rials; unless otherwise indicated)
The Iranian fiscal year ends March 20.
Includes on-lending of OSF resources and claims under letters of credit for trade financing.
Letters of credit opened by residents were reclassified from other items net to claims on the private sector in foreign currency in October 2004. The retroactive adjustment for end-2003/04 is Rls. 106 trillion. Growth rates are calculated based on the adjusted data for 2003/04.
Table 5.
Sources: Central Bank of Iran; and Fund staff estimates and projections.
Islamic Republic of Iran: Monetary Survey, 2001/02–2005/06 1/
(In billions of rials; unless otherwise indicated)
| Act. | Adj. 3/ | Q1–Q2 | Q1–Q2 Prel. | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2001/02 | 2002/03 | 2003/04 | 2004/05 | 2004/05 | 2005/06 | |||||
| Net foreign assets | 96,598 | 133,010 | 148,052 | 148,052 | 330,397 | 130,943 | 433,573 | |||
| Foreign assets | 175,913 | 224,403 | 286,698 | 286,698 | 590,275 | 306,494 | 705,293 | |||
| Foreign assets of BMJII | 131,629 | 173,046 | 224,813 | 224,813 | 336,066 | 232,264 | 433,861 | |||
| Foreign assets of banks | 44,283 | 51,357 | 61,885 | 61,885 | 254,209 | 74,231 | 271,433 | |||
| Foreign liabilities | 79,315 | 91,393 | 138,646 | 138,646 | 259,878 | 175,552 | 271,721 | |||
| Foreign liabilities of BMJII | 21,044 | 21,553 | 16,369 | 16,369 | 14,612 | 15,335 | 15,333 | |||
| Foreign liabilities of banks | 58,270 | 69,840 | 122,277 | 122,277 | 245,266 | 160,217 | 256,387 | |||
| Net domestic assets | 248,038 | 321,011 | 421,843 | 421,843 | 414,636 | 517,512 | 427,317 | |||
| Net domestic credit | 283,479 | 460,680 | 613,214 | 718,973 | 840,798 | 817,681 | 895,085 | |||
| Net credit to government | -25,331 | -5,898 | -37,145 | -37,145 | -87,821 | -57,206 | -153,396 | |||
| Claims on NFPEs | 66,267 | 77,210 | 79,936 | 79,936 | 88,487 | 86,055 | 95,677 | |||
| BMJII | 17,721 | 19,880 | 19,965 | 19,965 | 21,701 | 20,375 | 22,475 | |||
| Banks | 48,546 | 57,330 | 59,971 | 59,971 | 66,786 | 65,680 | 73,202 | |||
| Claims on the private sector in rials | 242,543 | 327,073 | 454,800 | 454,800 | 625,715 | 530,568 | 713,046 | |||
| Claims on private sector in foreign currency 2/ | 38,795 | 62,295 | 115,623 | 221,382 | 214,417 | 258,263 | 239,759 | |||
| Other items, net, excluding CPPs | -35,440 | -139,669 | -191,371 | -297,129 | -426,161 | -300,168 | -467,768 | |||
| Broad money (M3) | 344,646 | 454,021 | 558,627 | 558,627 | 729,746 | 648,455 | 860,890 | |||
| M2 | 325,023 | 422,887 | 526,687 | 526,687 | 684,278 | 612,120 | 807,586 | |||
| Cash | 29,189 | 34,780 | 31,859 | 31,859 | 36,344 | 33,363 | 51,488 | |||
| Deposits | 295,834 | 388,107 | 494,828 | 494,828 | 647,935 | 578,757 | 756,098 | |||
| Demand deposits | 117,833 | 153,235 | 185,588 | 185,588 | 214,883 | 204,305 | 233,802 | |||
| Time deposits | 178,001 | 234,871 | 309,240 | 309,240 | 433,052 | 374,451 | 522,296 | |||
| CPPs held by nonbanks | 9,444 | 17,052 | 16,648 | 16,648 | 17,890 | 18,449 | 15,000 | |||
| Foreign exchange deposits | 10,180 | 14,082 | 15,292 | 15,292 | 27,578 | 17,886 | 38,304 | |||
| Accounting exchange rate, | ||||||||||
| Iranian Rls per U.S. dollar | 7,922 | 7,967 | 8,300 | 8,300 | 8,877 | 8,000 | 9,035 | |||
| Memorandum items: | ||||||||||
| M1 | 147,022 | 188,015 | 217,447 | 217,447 | 251,226 | 237,669 | 285,290 | |||
| M2 | 325,023 | 422,887 | 526,687 | 526,687 | 684,278 | 612,120 | 807,586 | |||
| Multiplier (M2/base money, excl. sterilization) | 3.09 | 3.32 | 3.82 | 3.82 | 4.06 | 4.21 | 3.90 | |||
| Income velocity of M2 | 2.04 | 2.17 | 2.08 | 2.08 | 2.02 | 2.29 | … | |||
| GDP | 664,620 | 916,465 | 1,095,717 | 1,095,717 | 1,382,608 | 1,404,538 | … | |||
| End-period percentage changes: | ||||||||||
| NFA | 14.3 | 37.7 | 11.3 | … | 123.2 | 13.5 | 123.6 | |||
| NDA | 30.2 | 29.4 | 31.4 | … | -1.7 | 25.2 | -8.7 | |||
| Base money | 7.8 | 21.0 | 8.2 | … | 22.3 | 23.3 | 28.2 | |||
| M1 | 19.0 | 27.9 | 15.7 | … | 15.5 | 29.6 | 14.5 | |||
| M2, excl. foreign currency deposits and CPPs | 25.8 | 30.1 | 24.5 | … | 29.9 | 29.6 | 29.5 | |||
| M3 | 29.1 | 31.7 | 23.0 | … | 30.6 | 29.4 | 30.1 | |||
| Credit to the private sector and NFPEs in rials | 30.5 | 30.9 | 32.3 | … | 33.6 | 17.1 | 31.1 | |||
| Credit to private sector in rials | 34.1 | 34.9 | 39.1 | … | 37.6 | 20.3 | 34.4 | |||
| Total claims on private sector | … | 38.4 | 46.5 | … | 24.2 | 24.7 | 20.8 | |||
The Iranian fiscal year ends March 20.
Includes on-lending of OSF resources and claims under letters of credit for trade financing.
Letters of credit opened by residents were reclassified from other items net to claims on the private sector in foreign currency in October 2004. The retroactive adjustment for end-2003/04 is Rls. 106 trillion. Growth rates are calculated based on the adjusted data for 2003/04.
Table 5.
Sources: Central Bank of Iran; and Fund staff estimates and projections.
Islamic Republic of Iran: Monetary Survey, 2001/02–2005/06 1/
(In billions of rials; unless otherwise indicated)
| Act. | Adj. 3/ | Q1–Q2 | Q1–Q2 Prel. | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2001/02 | 2002/03 | 2003/04 | 2004/05 | 2004/05 | 2005/06 | |||||
| Net foreign assets | 96,598 | 133,010 | 148,052 | 148,052 | 330,397 | 130,943 | 433,573 | |||
| Foreign assets | 175,913 | 224,403 | 286,698 | 286,698 | 590,275 | 306,494 | 705,293 | |||
| Foreign assets of BMJII | 131,629 | 173,046 | 224,813 | 224,813 | 336,066 | 232,264 | 433,861 | |||
| Foreign assets of banks | 44,283 | 51,357 | 61,885 | 61,885 | 254,209 | 74,231 | 271,433 | |||
| Foreign liabilities | 79,315 | 91,393 | 138,646 | 138,646 | 259,878 | 175,552 | 271,721 | |||
| Foreign liabilities of BMJII | 21,044 | 21,553 | 16,369 | 16,369 | 14,612 | 15,335 | 15,333 | |||
| Foreign liabilities of banks | 58,270 | 69,840 | 122,277 | 122,277 | 245,266 | 160,217 | 256,387 | |||
| Net domestic assets | 248,038 | 321,011 | 421,843 | 421,843 | 414,636 | 517,512 | 427,317 | |||
| Net domestic credit | 283,479 | 460,680 | 613,214 | 718,973 | 840,798 | 817,681 | 895,085 | |||
| Net credit to government | -25,331 | -5,898 | -37,145 | -37,145 | -87,821 | -57,206 | -153,396 | |||
| Claims on NFPEs | 66,267 | 77,210 | 79,936 | 79,936 | 88,487 | 86,055 | 95,677 | |||
| BMJII | 17,721 | 19,880 | 19,965 | 19,965 | 21,701 | 20,375 | 22,475 | |||
| Banks | 48,546 | 57,330 | 59,971 | 59,971 | 66,786 | 65,680 | 73,202 | |||
| Claims on the private sector in rials | 242,543 | 327,073 | 454,800 | 454,800 | 625,715 | 530,568 | 713,046 | |||
| Claims on private sector in foreign currency 2/ | 38,795 | 62,295 | 115,623 | 221,382 | 214,417 | 258,263 | 239,759 | |||
| Other items, net, excluding CPPs | -35,440 | -139,669 | -191,371 | -297,129 | -426,161 | -300,168 | -467,768 | |||
| Broad money (M3) | 344,646 | 454,021 | 558,627 | 558,627 | 729,746 | 648,455 | 860,890 | |||
| M2 | 325,023 | 422,887 | 526,687 | 526,687 | 684,278 | 612,120 | 807,586 | |||
| Cash | 29,189 | 34,780 | 31,859 | 31,859 | 36,344 | 33,363 | 51,488 | |||
| Deposits | 295,834 | 388,107 | 494,828 | 494,828 | 647,935 | 578,757 | 756,098 | |||
| Demand deposits | 117,833 | 153,235 | 185,588 | 185,588 | 214,883 | 204,305 | 233,802 | |||
| Time deposits | 178,001 | 234,871 | 309,240 | 309,240 | 433,052 | 374,451 | 522,296 | |||
| CPPs held by nonbanks | 9,444 | 17,052 | 16,648 | 16,648 | 17,890 | 18,449 | 15,000 | |||
| Foreign exchange deposits | 10,180 | 14,082 | 15,292 | 15,292 | 27,578 | 17,886 | 38,304 | |||
| Accounting exchange rate, | ||||||||||
| Iranian Rls per U.S. dollar | 7,922 | 7,967 | 8,300 | 8,300 | 8,877 | 8,000 | 9,035 | |||
| Memorandum items: | ||||||||||
| M1 | 147,022 | 188,015 | 217,447 | 217,447 | 251,226 | 237,669 | 285,290 | |||
| M2 | 325,023 | 422,887 | 526,687 | 526,687 | 684,278 | 612,120 | 807,586 | |||
| Multiplier (M2/base money, excl. sterilization) | 3.09 | 3.32 | 3.82 | 3.82 | 4.06 | 4.21 | 3.90 | |||
| Income velocity of M2 | 2.04 | 2.17 | 2.08 | 2.08 | 2.02 | 2.29 | … | |||
| GDP | 664,620 | 916,465 | 1,095,717 | 1,095,717 | 1,382,608 | 1,404,538 | … | |||
| End-period percentage changes: | ||||||||||
| NFA | 14.3 | 37.7 | 11.3 | … | 123.2 | 13.5 | 123.6 | |||
| NDA | 30.2 | 29.4 | 31.4 | … | -1.7 | 25.2 | -8.7 | |||
| Base money | 7.8 | 21.0 | 8.2 | … | 22.3 | 23.3 | 28.2 | |||
| M1 | 19.0 | 27.9 | 15.7 | … | 15.5 | 29.6 | 14.5 | |||
| M2, excl. foreign currency deposits and CPPs | 25.8 | 30.1 | 24.5 | … | 29.9 | 29.6 | 29.5 | |||
| M3 | 29.1 | 31.7 | 23.0 | … | 30.6 | 29.4 | 30.1 | |||
| Credit to the private sector and NFPEs in rials | 30.5 | 30.9 | 32.3 | … | 33.6 | 17.1 | 31.1 | |||
| Credit to private sector in rials | 34.1 | 34.9 | 39.1 | … | 37.6 | 20.3 | 34.4 | |||
| Total claims on private sector | … | 38.4 | 46.5 | … | 24.2 | 24.7 | 20.8 | |||
The Iranian fiscal year ends March 20.
Includes on-lending of OSF resources and claims under letters of credit for trade financing.
Letters of credit opened by residents were reclassified from other items net to claims on the private sector in foreign currency in October 2004. The retroactive adjustment for end-2003/04 is Rls. 106 trillion. Growth rates are calculated based on the adjusted data for 2003/04.
Table 6.Source: Central Bank of Iran.
Islamic Republic of Iran: Gross Domestic Product by Sectoral Origin at Constant Prices, 2000/01–2005/06 1/2/
The Iranian fiscal year ends March 20.
Includes oil and gas production, refining, and distribution.
Table 6.
Source: Central Bank of Iran.
Islamic Republic of Iran: Gross Domestic Product by Sectoral Origin at Constant Prices, 2000/01–2005/06 1/2/
| Q1–Q2 | Prel. Q1–Q2 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2000/01 | 2001/02 | 2002/03 | 2003/04 | 2004/05 | 2004/05 | 2005/06 | |||
| (In billions of rials at 1997/98 prices) | |||||||||
| GDP at factor prices | 320,069 | 330,624 | 355,219 | 379,010 | 397,303 | 208,808 | 220,208 | ||
| Hydrocarbon GDP 2/ | 42,795 | 39,347 | 41,341 | 44,493 | 45,670 | 23,014 | 23,563 | ||
| Non-hydrocarbon GDP | 277,274 | 291,277 | 313,878 | 334,517 | 351,633 | 185,794 | 196,645 | ||
| Agriculture | 45,774 | 45,463 | 50,662 | 53,345 | 54,518 | 40,852 | 43,791 | ||
| Industry | 67,227 | 73,321 | 81,943 | 89,340 | 96,570 | 46,280 | 49,484 | ||
| Mining | 1,829 | 2,166 | 2,425 | 2,732 | 2,973 | 1,418 | 1,533 | ||
| Manufacturing | 46,881 | 51,522 | 57,189 | 63,995 | 71,670 | 33,059 | 35,787 | ||
| Construction | 3,396 | 3,591 | 3,887 | 4,244 | 4,648 | 9,446 | 9,646 | ||
| Water and power | 15,122 | 16,042 | 18,441 | 18,369 | 17,279 | 2,357 | 2,518 | ||
| Services | 167,737 | 175,799 | 184,798 | 196,559 | 205,913 | 100,738 | 105,571 | ||
| Transport and communication | 29,647 | 31,584 | 33,777 | 33,434 | 35,219 | 18,693 | 19,590 | ||
| Banking and insurance | 4,081 | 4,630 | 4,935 | 5,936 | 6,672 | 3,384 | 3,629 | ||
| Trade | 46,899 | 50,769 | 55,741 | 59,952 | 64,290 | 29,622 | 31,727 | ||
| Ownership and dwellings | 44,278 | 45,741 | 47,570 | 52,832 | 53,982 | 25,915 | 26,920 | ||
| Public services | 34,363 | 34,142 | 33,349 | 33,727 | 34,423 | 17,553 | 17,787 | ||
| Private services | 8,470 | 8,934 | 9,425 | 10,678 | 11,326 | 5,571 | 5,918 | ||
| Less: imputed bank service charge | 3,465 | 3,306 | 3,524 | 4,727 | 5,368 | 2,076 | 2,201 | ||
| Net indirect taxes | 2,210 | 3,481 | 3,792 | 4,151 | 7,275 | 952 | -1052 | ||
| GDP at market prices | 322,278 | 334,104 | 359,011 | 383,160 | 404,578 | 209,760 | 219,156 | ||
| (Annual percentage change) | |||||||||
| Hydrocarbon GDP 2/ | 8.3 | -8.1 | 5.1 | 7.6 | 2.6 | 3.1 | 2.4 | ||
| Non-hydrocarbon GDP | 4.5 | 5.1 | 7.8 | 6.6 | 5.1 | 4.7 | 5.8 | ||
| Agriculture | 3.5 | -0.7 | 11.4 | 5.3 | 2.2 | 3.2 | 7.2 | ||
| Industry | 9.5 | 9.1 | 11.8 | 9.0 | 8.1 | 5.5 | 6.9 | ||
| Services | 2.9 | 4.8 | 5.1 | 6.4 | 4.8 | 5.1 | 4.8 | ||
| Gross domestic expenditure, excluding stocks | 6.9 | 7.2 | 10.5 | 5.7 | 7.0 | 7.1 | 5.5 | ||
| Consumption expenditure | 8.2 | 4.1 | 9.9 | 3.5 | 7.3 | 9.9 | 5.7 | ||
| Gross fixed capital formation | 4.1 | 14.2 | 11.8 | 10.0 | 6.4 | 2.1 | 5.0 | ||
| (In percent of GDP at market prices) | |||||||||
| Hydrocarbon GDP 2/ | 13.3 | 11.8 | 11.5 | 11.6 | 11.3 | 11.0 | 10.8 | ||
| Non-hydrocarbon GDP | 86.0 | 87.2 | 87.4 | 87.3 | 86.9 | 88.6 | 89.7 | ||
| Agriculture | 14.2 | 13.6 | 14.1 | 13.9 | 13.5 | 19.5 | 20.0 | ||
| Industry | 20.9 | 21.9 | 22.8 | 23.3 | 23.9 | 22.1 | 22.6 | ||
| Services | 51.0 | 51.6 | 50.5 | 50.1 | 49.6 | 48.0 | 48.2 | ||
| Gross domestic expenditure, excluding stocks | 94.0 | 97.2 | 100.0 | 99.0 | 100.4 | 96.0 | 96.9 | ||
| Consumption expenditure | 64.4 | 64.6 | 66.1 | 64.1 | 65.2 | 63.3 | 64.0 | ||
| Gross fixed capital formation | 29.6 | 32.6 | 33.9 | 34.9 | 35.2 | 32.7 | 32.9 | ||
The Iranian fiscal year ends March 20.
Includes oil and gas production, refining, and distribution.
Table 6.
Source: Central Bank of Iran.
Islamic Republic of Iran: Gross Domestic Product by Sectoral Origin at Constant Prices, 2000/01–2005/06 1/2/
| Q1–Q2 | Prel. Q1–Q2 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2000/01 | 2001/02 | 2002/03 | 2003/04 | 2004/05 | 2004/05 | 2005/06 | |||
| (In billions of rials at 1997/98 prices) | |||||||||
| GDP at factor prices | 320,069 | 330,624 | 355,219 | 379,010 | 397,303 | 208,808 | 220,208 | ||
| Hydrocarbon GDP 2/ | 42,795 | 39,347 | 41,341 | 44,493 | 45,670 | 23,014 | 23,563 | ||
| Non-hydrocarbon GDP | 277,274 | 291,277 | 313,878 | 334,517 | 351,633 | 185,794 | 196,645 | ||
| Agriculture | 45,774 | 45,463 | 50,662 | 53,345 | 54,518 | 40,852 | 43,791 | ||
| Industry | 67,227 | 73,321 | 81,943 | 89,340 | 96,570 | 46,280 | 49,484 | ||
| Mining | 1,829 | 2,166 | 2,425 | 2,732 | 2,973 | 1,418 | 1,533 | ||
| Manufacturing | 46,881 | 51,522 | 57,189 | 63,995 | 71,670 | 33,059 | 35,787 | ||
| Construction | 3,396 | 3,591 | 3,887 | 4,244 | 4,648 | 9,446 | 9,646 | ||
| Water and power | 15,122 | 16,042 | 18,441 | 18,369 | 17,279 | 2,357 | 2,518 | ||
| Services | 167,737 | 175,799 | 184,798 | 196,559 | 205,913 | 100,738 | 105,571 | ||
| Transport and communication | 29,647 | 31,584 | 33,777 | 33,434 | 35,219 | 18,693 | 19,590 | ||
| Banking and insurance | 4,081 | 4,630 | 4,935 | 5,936 | 6,672 | 3,384 | 3,629 | ||
| Trade | 46,899 | 50,769 | 55,741 | 59,952 | 64,290 | 29,622 | 31,727 | ||
| Ownership and dwellings | 44,278 | 45,741 | 47,570 | 52,832 | 53,982 | 25,915 | 26,920 | ||
| Public services | 34,363 | 34,142 | 33,349 | 33,727 | 34,423 | 17,553 | 17,787 | ||
| Private services | 8,470 | 8,934 | 9,425 | 10,678 | 11,326 | 5,571 | 5,918 | ||
| Less: imputed bank service charge | 3,465 | 3,306 | 3,524 | 4,727 | 5,368 | 2,076 | 2,201 | ||
| Net indirect taxes | 2,210 | 3,481 | 3,792 | 4,151 | 7,275 | 952 | -1052 | ||
| GDP at market prices | 322,278 | 334,104 | 359,011 | 383,160 | 404,578 | 209,760 | 219,156 | ||
| (Annual percentage change) | |||||||||
| Hydrocarbon GDP 2/ | 8.3 | -8.1 | 5.1 | 7.6 | 2.6 | 3.1 | 2.4 | ||
| Non-hydrocarbon GDP | 4.5 | 5.1 | 7.8 | 6.6 | 5.1 | 4.7 | 5.8 | ||
| Agriculture | 3.5 | -0.7 | 11.4 | 5.3 | 2.2 | 3.2 | 7.2 | ||
| Industry | 9.5 | 9.1 | 11.8 | 9.0 | 8.1 | 5.5 | 6.9 | ||
| Services | 2.9 | 4.8 | 5.1 | 6.4 | 4.8 | 5.1 | 4.8 | ||
| Gross domestic expenditure, excluding stocks | 6.9 | 7.2 | 10.5 | 5.7 | 7.0 | 7.1 | 5.5 | ||
| Consumption expenditure | 8.2 | 4.1 | 9.9 | 3.5 | 7.3 | 9.9 | 5.7 | ||
| Gross fixed capital formation | 4.1 | 14.2 | 11.8 | 10.0 | 6.4 | 2.1 | 5.0 | ||
| (In percent of GDP at market prices) | |||||||||
| Hydrocarbon GDP 2/ | 13.3 | 11.8 | 11.5 | 11.6 | 11.3 | 11.0 | 10.8 | ||
| Non-hydrocarbon GDP | 86.0 | 87.2 | 87.4 | 87.3 | 86.9 | 88.6 | 89.7 | ||
| Agriculture | 14.2 | 13.6 | 14.1 | 13.9 | 13.5 | 19.5 | 20.0 | ||
| Industry | 20.9 | 21.9 | 22.8 | 23.3 | 23.9 | 22.1 | 22.6 | ||
| Services | 51.0 | 51.6 | 50.5 | 50.1 | 49.6 | 48.0 | 48.2 | ||
| Gross domestic expenditure, excluding stocks | 94.0 | 97.2 | 100.0 | 99.0 | 100.4 | 96.0 | 96.9 | ||
| Consumption expenditure | 64.4 | 64.6 | 66.1 | 64.1 | 65.2 | 63.3 | 64.0 | ||
| Gross fixed capital formation | 29.6 | 32.6 | 33.9 | 34.9 | 35.2 | 32.7 | 32.9 | ||
The Iranian fiscal year ends March 20.
Includes oil and gas production, refining, and distribution.
Table 7.Source: Central Bank of Iran.
Islamic Republic of Iran: Gross Domestic Product by Sectoral Origin at Current Prices, 2000/01–2005/06 1/
The Iranian fiscal year ends March 20.
Table 7.
Source: Central Bank of Iran.
Islamic Republic of Iran: Gross Domestic Product by Sectoral Origin at Current Prices, 2000/01–2005/06 1/
| Q1–Q2 | Prel. Q1–Q2 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2000/01 | 2001/02 | 2002/03 | 2003/04 | 2004/05 | 2004/05 | 2005/06 | |||
| (In billions of rials) | |||||||||
| GDP at factor prices | 576,493 | 664,620 | 916,465 | 1,095,717 | 1,382,608 | 699,159 | 877,385 | ||
| Hydrocarbon GDP | 101,705 | 100,392 | 210,085 | 252,144 | 350,461 | 161,860 | 243,114 | ||
| Non-hydrocarbon GDP | 474,788 | 564,228 | 706,380 | 843,573 | 1,032,147 | 537,299 | 634,271 | ||
| Agriculture | 79,121 | 85,238 | 107,202 | 127,578 | 152,924 | 119,430 | 137,199 | ||
| Industry | 110,105 | 134,823 | 171,199 | 199,943 | 242,815 | 113,704 | 133,004 | ||
| Mining | 3,068 | 4,618 | 5,500 | 6,491 | 7,329 | 3,520 | 4,178 | ||
| Manufacturing | 75,866 | 88,807 | 104,799 | 123,139 | 153,739 | 69,396 | 82,952 | ||
| Construction | 22,616 | 30,104 | 45,875 | 51,892 | 59,339 | 30,633 | 34,536 | ||
| Water and power | 8,555 | 11,294 | 15,025 | 18,420 | 22,408 | 10,155 | 11,338 | ||
| Services | 295,101 | 353,590 | 444,065 | 542,185 | 676,292 | 317,147 | 381,127 | ||
| Transport and communication | 48,228 | 56,591 | 66,151 | 83,119 | 99,970 | 50,276 | 58,156 | ||
| Banking and insurance | 10,534 | 12,092 | 19,218 | 29,889 | 50,009 | 21,047 | 27,861 | ||
| Trade | 77,131 | 90,092 | 110,242 | 131,849 | 161,228 | 72,741 | 87,453 | ||
| Ownership and dwellings | 74,014 | 93,919 | 121,503 | 145,804 | 176,139 | 83,465 | 99,311 | ||
| Public services | 70,713 | 82,379 | 102,760 | 122,496 | 153,410 | 72,548 | 87,941 | ||
| Private services | 14,482 | 18,517 | 24,191 | 29,029 | 35,536 | 17,070 | 20,405 | ||
| Less: imputed bank service charge | 9,539 | 9,423 | 16,085 | 26,133 | 39,885 | 12,982 | 17,059 | ||
| Net indirect taxes | 3,980 | 7,116 | 9,941 | 12,000 | 25,318 | 3,110 | -4,220 | ||
| GDP at market prices | 580,473 | 671,736 | 926,406 | 1,107,717 | 1,407,926 | 702,269 | 873,165 | ||
| (In percent of GDP at market prices) | |||||||||
| GDP at factor prices | 99.3 | 98.9 | 98.9 | 98.9 | 98.2 | 99.6 | 100.5 | ||
| Hydrocarbon GDP | 17.5 | 14.9 | 22.7 | 22.8 | 24.9 | 23.0 | 27.8 | ||
| Non-hydrocarbon GDP | 81.8 | 84.0 | 76.2 | 76.2 | 73.3 | 76.5 | 72.6 | ||
| Agriculture | 13.6 | 12.7 | 11.6 | 11.5 | 10.9 | 17.0 | 15.7 | ||
| Industry | 19.0 | 20.1 | 18.5 | 18.0 | 17.2 | 16.2 | 15.2 | ||
| Mining | 0.5 | 0.7 | 0.6 | 0.6 | 0.5 | 0.5 | 0.5 | ||
| Manufacturing | 13.1 | 13.2 | 11.3 | 11.1 | 10.9 | 9.9 | 9.5 | ||
| Construction | 3.9 | 4.5 | 5.0 | 4.7 | 4.2 | 4.4 | 4.0 | ||
| Water and power | 1.5 | 1.7 | 1.6 | 1.7 | 1.6 | 1.4 | 1.3 | ||
| Services | 50.8 | 52.6 | 47.9 | 48.9 | 48.0 | 45.2 | 43.6 | ||
| Transport and communication | 8.3 | 8.4 | 7.1 | 7.5 | 7.1 | 7.2 | 6.7 | ||
| Banking and insurance | 1.8 | 1.8 | 2.1 | 2.7 | 3.6 | 3.0 | 3.2 | ||
| Trade | 13.3 | 13.4 | 11.9 | 11.9 | 11.5 | 10.4 | 10.0 | ||
| Ownership and dwellings | 12.8 | 14.0 | 13.1 | 13.2 | 12.5 | 11.9 | 11.4 | ||
| Public services | 12.2 | 12.3 | 11.1 | 11.1 | 10.9 | 10.3 | 10.1 | ||
| Private services | 2.5 | 2.8 | 2.6 | 2.6 | 2.5 | 2.4 | 2.3 | ||
| Less: imputed bank service charge | 1.6 | 1.4 | 1.7 | 2.4 | 2.8 | 1.8 | 2.0 | ||
| Net indirect taxes | 0.7 | 1.1 | 1.1 | 1.1 | 1.8 | 0.4 | -0.5 | ||
| GDP at market prices | 100.0 | 100.0 | 100.0 | 100.0 | 101.0 | 100.0 | 100.0 | ||
The Iranian fiscal year ends March 20.
Table 7.
Islamic Republic of Iran: Gross Domestic Product by Sectoral Origin at Current Prices, 2000/01–2005/06 1/
| Q1–Q2 | Prel. Q1–Q2 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2000/01 | 2001/02 | 2002/03 | 2003/04 | 2004/05 | 2004/05 | 2005/06 | |||
| (In billions of rials) | |||||||||
| GDP at factor prices | 576,493 | 664,620 | 916,465 | 1,095,717 | 1,382,608 | 699,159 | 877,385 | ||
| Hydrocarbon GDP | 101,705 | 100,392 | 210,085 | 252,144 | 350,461 | 161,860 | 243,114 | ||
| Non-hydrocarbon GDP | 474,788 | 564,228 | 706,380 | 843,573 | 1,032,147 | 537,299 | 634,271 | ||
| Agriculture | 79,121 | 85,238 | 107,202 | 127,578 | 152,924 | 119,430 | 137,199 | ||
| Industry | 110,105 | 134,823 | 171,199 | 199,943 | 242,815 | 113,704 | 133,004 | ||
| Mining | 3,068 | 4,618 | 5,500 | 6,491 | 7,329 | 3,520 | 4,178 | ||
| Manufacturing | 75,866 | 88,807 | 104,799 | 123,139 | 153,739 | 69,396 | 82,952 | ||
| Construction | 22,616 | 30,104 | 45,875 | 51,892 | 59,339 | 30,633 | 34,536 | ||
| Water and power | 8,555 | 11,294 | 15,025 | 18,420 | 22,408 | 10,155 | 11,338 | ||
| Services | 295,101 | 353,590 | 444,065 | 542,185 | 676,292 | 317,147 | 381,127 | ||
| Transport and communication | 48,228 | 56,591 | 66,151 | 83,119 | 99,970 | 50,276 | 58,156 | ||
| Banking and insurance | 10,534 | 12,092 | 19,218 | 29,889 | 50,009 | 21,047 | 27,861 | ||
| Trade | 77,131 | 90,092 | 110,242 | 131,849 | 161,228 | 72,741 | 87,453 | ||
| Ownership and dwellings | 74,014 | 93,919 | 121,503 | 145,804 | 176,139 | 83,465 | 99,311 | ||
| Public services | 70,713 | 82,379 | 102,760 | 122,496 | 153,410 | 72,548 | 87,941 | ||
| Private services | 14,482 | 18,517 | 24,191 | 29,029 | 35,536 | 17,070 | 20,405 | ||
| Less: imputed bank service charge | 9,539 | 9,423 | 16,085 | 26,133 | 39,885 | 12,982 | 17,059 | ||
| Net indirect taxes | 3,980 | 7,116 | 9,941 | 12,000 | 25,318 | 3,110 | -4,220 | ||
| GDP at market prices | 580,473 | 671,736 | 926,406 | 1,107,717 | 1,407,926 | 702,269 | 873,165 | ||
| (In percent of GDP at market prices) | |||||||||
| GDP at factor prices | 99.3 | 98.9 | 98.9 | 98.9 | 98.2 | 99.6 | 100.5 | ||
| Hydrocarbon GDP | 17.5 | 14.9 | 22.7 | 22.8 | 24.9 | 23.0 | 27.8 | ||
| Non-hydrocarbon GDP | 81.8 | 84.0 | 76.2 | 76.2 | 73.3 | 76.5 | 72.6 | ||
| Agriculture | 13.6 | 12.7 | 11.6 | 11.5 | 10.9 | 17.0 | 15.7 | ||
| Industry | 19.0 | 20.1 | 18.5 | 18.0 | 17.2 | 16.2 | 15.2 | ||
| Mining | 0.5 | 0.7 | 0.6 | 0.6 | 0.5 | 0.5 | 0.5 | ||
| Manufacturing | 13.1 | 13.2 | 11.3 | 11.1 | 10.9 | 9.9 | 9.5 | ||
| Construction | 3.9 | 4.5 | 5.0 | 4.7 | 4.2 | 4.4 | 4.0 | ||
| Water and power | 1.5 | 1.7 | 1.6 | 1.7 | 1.6 | 1.4 | 1.3 | ||
| Services | 50.8 | 52.6 | 47.9 | 48.9 | 48.0 | 45.2 | 43.6 | ||
| Transport and communication | 8.3 | 8.4 | 7.1 | 7.5 | 7.1 | 7.2 | 6.7 | ||
| Banking and insurance | 1.8 | 1.8 | 2.1 | 2.7 | 3.6 | 3.0 | 3.2 | ||
| Trade | 13.3 | 13.4 | 11.9 | 11.9 | 11.5 | 10.4 | 10.0 | ||
| Ownership and dwellings | 12.8 | 14.0 | 13.1 | 13.2 | 12.5 | 11.9 | 11.4 | ||
| Public services | 12.2 | 12.3 | |||||||