In a report, the International Monetary Fund reviewed the outlook for the Iranian economy in the new year and announced the growth and improvement of eight macroeconomic indicators of the Iranian economy this year.
According to the forecasts of this international organization, the Iranian economy will reach 1.8 trillion dollars in the new year, and the value of Iranian gross domestic product based on the purchasing power index will reach 1.808 billion dollars this year. year, an increase of $83 billion compared to the previous year.
Based on current prices, the value of Iran's GDP will increase by $20 billion compared to 2023 and reach $386 billion in 2024 from $366 billion this year.
Similarly, Iran's GDP per capita according to the purchasing power index will reach $16,529, which will increase by $240, or 1.5 percent, compared to the previous year.
This report predicts the continuation of the growth trend of the Iranian economy in 2024, forecasting Iranian economic growth of 2.5% this year. This figure is estimated at 3% for last year.
The International Monetary Fund has predicted that Iran's inflation rate in the new year will see a significant decline compared to the previous year, from 47% in 2023 to 32% in 2024, a decrease of 15%.
While Iran's exports of goods and services in 2023, according to the estimate of the International Monetary Fund, this institution expects that Iran's exports of goods and services will face a growth of 7 per cent in 2024. On the other hand, Iranian imports of goods and services, which decreased by 15% in the previous year, will also decrease by 8% in the new year.
Iran's current account will be $1.6 billion more in 2024 than in 2023 and will reach $14.1 billion. Last year, that figure was estimated at $12.5 billion.
The International Monetary Fund has predicted that Iran's unemployment rate in the new year will be slightly higher than last year and reach 9.6%. Iran's unemployment rate in 2023 has been calculated at 9.4%.
According to this report, the Iranian government's revenues will reach the equivalent of 8.4% of GDP in 2024, more than the previous year. Government revenues the previous year were equal to 8.2% of GDP.
The Iranian government's gross debt in 2024 will not change significantly compared to the previous year and will remain at the level of 30.5% of GDP.
This report estimates total gross national savings in Iran in 2023 at 42.3% of GDP and announces the possibility of reducing this figure to the equivalent of 42.1% of GDP in 2024.
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