Unemployment in Iran is two times higher than official statistics

Unemployment in Iran is two times higher than official statistics

Azerbaijan, Baku, April 21 /Trend, T. Jafarov/

Unemployment rate in Iran is 30 percent, believes Abdolreza Torabee, a member of the Parliament's commission on economic issues.

According to the latest statistical data publicized by the Iranian Statistical Center last spring, the unemployment rate in the country was equivalent to 14.6 percent.

The former deputy of Iranian Parliament, economic expert Ali Mazrouei believes that the unemployment rate in the country may increase up to 30 percent.

President of Iran Mahmud Ahmadinejad said 1.6 million new jobs were created in the country over the past year and that 2.5 million more new jobs are likely to be created this year.

Mazrouei, creation of one job in Iran requires $30,000 to $60,000 in investments. There are at least four million unemployed people in the country, and one million young people reach the able-bodied age every year.

"Solution of the unemployment problem in Iran requires an increase of investments, scales of privatization and state budget. None of these conditions exists in the country," Mazrouei told Trend by telephone from Norway.

According to the official statistics, in 2010 Iran attracted $2.6 billion foreign investments. Last year (Iranian year ends on March 21), there were privatized $6 billion-worth shares, said Peiman Nuri, Chairman of the Iranian privatization authority. This indicator will reach $23 billion in 2011, he said.

Iran finds a great difficulty in attracting foreign investments due to the sanctions imposed against Iran by the UN Security Council, Europe and the United States because of Iran's nuclear program. The Government itself has limited investment opportunities. Thus, reduction of the unemployment rate in the country inevitable requires changes of the state government methods and full change of the strained political atmosphere.

The unemployment rate of the country increases from time to time as no foreign investments are made in the production sector, said Mazrouei.

The former Central Bank consultant Bijan Bidabad believes that the real unemployment rate in the country is much higher than the official one. Unemployment rate calculation methodology was changed during Ahmadinejad's presidency, he said.

"The list of the unemployed is not inclusive of persons who work just one hour a week. According to the international standards, only persons who work at least 48 hours a week should be considered employed. Therefore, the official unemployment rate in Iran is lower than the real one", Bidabad told Trend by telephone from Tehran.
Decrease of the unemployment rate requires attraction of no less than one third of investments, which have so far been made in this direction, said Bidabad.

According to the International Monetary Fund's report released on April 12, the pace of economic growth of Iran was 1 percent in 2010 and is expected to be equivalent to zero in 2011. The Central Bank of Iran has been refusing to report economic development indicators to public since 2009.

The 20-year development plan of Iran (2002-2025) reads that decrease of the unemployment rate requires annual pace of economic growth of at least 8 percent. During Mohammed Khatemi's presidency in 1997-2005, there were created, on average, 600,000 new jobs a year with the annual pace of economic growth of 5 percent.

Oil mixed in tight range, Asia's COVID-19 restrictions weigh on sentiment
Oil mixed in tight range, Asia's COVID-19 restrictions weigh on sentiment
Blinken discusses Gaza in calls with Qatari, Egyptian, Saudi foreign ministers
Blinken discusses Gaza in calls with Qatari, Egyptian, Saudi foreign ministers
Palestinians resume rocket attacks on southern Israel - army
Palestinians resume rocket attacks on southern Israel - army
Loading Bars
Italy shortens COVID curfew, eases other restrictions
Aeroflot removes all June tickets to Turkey from sale except for two flights - airline
Ryanair posts record annual loss, hopes to break even this year
Turkey reports over 10 170 COVID-19 cases
Georgia will import an additional 1 mln doses of Pfizer vaccine in summer - PM Garibashvili
Kazakhstan strengthening interparliamentary ties with Lithuania
Activities in Iran’s Qeshm port soar
Resident of Azerbaijan’s Sumgayit Chemical Industrial Park exports products to Italy
Azerbaijan sees increase in 4M2021 foreign trade turnover figures
World Economic Forum special meeting in Singapore to not take place
Kazakh, Polish, Ukrainian and Arabian airlines to resume flights to Batumi
Excess pesticide use threatens Turkey's bee population
Azerbaijan’s Baku Metro company opens tender to buy services to modernize railcars
Flights of light aircraft suspended in Iran
Iran's Energy Exchange announces products to be on sale on May 18
Georgia finalizing 10-year economic development plan
Azerbaijan's rating upgraded by Fitch Ratings based on maintaining economic stability - Unicapital
Forces envious of Azerbaijan's success trying to spoil country’s relations with friends - MP
Incident in Georgia purely domestic in nature - Azerbaijani MP
Azerbaijan developing program for transformation of healthcare system
Assistant to Azerbaijani president, NATO deputy Sec-Gen meet in Brussels (PHOTO)
Azerbaijan sends numerous appeals to int’l organizations about Armenia's war crimes
Bronze monument to world-famous Azerbaijani singer to be ready in a month - Trend TV
Command-staff exercises start in Azerbaijan’s Nakhchivan garrison (PHOTO/VIDEO)
EBRD loan portfolio in Azerbaijan shrinks
Iran reveals volume of crude oil to be transported via Goureh-Jask pipeline
Iran, Italy to expand economic ties – FM
Saudia Airlines eyes return to profitability by 2024
Azerbaijan Innovations Export Consortium eyes to expand co-op with Turkic-speaking countries
EBRD's net profit declines in 2020
Activity of Heydar Aliyev Foundation today covers all important spheres of life in Azerbaijan - Russian MP
Novatek to complete Arctic LNG-2 construction one year earlier
Kazakhstan boosts trade with Turkmenistan despite COVID-19
Turkish ŞINLAK HOLDING eyes building solar power plant in Kazakhstan
Uzbek-Chinese JV opens tender for welding electrodes
Turkmenistan's Turkmengas opens tender for purchase of chemical products
Iran's FM discussing international issues with Pope (PHOTO)
Turkmenistan’s Railways open tender for construction of railway station
Azerbaijan's oil exports decline in 4M2021
Uzbek-Chinese JV opens tender for electrical spares parts
France, Germany and Spain strike deal over joint combat jet
Iran’s Bahar Azadi gold coin price again falling
Azerbaijan reports sharp increase in 4M2021 gas exports
Uzbek currency rates for May 18
Uzbekistan Railways notes decrease in net loss
Azerbaijan Economy Ministry cancels requirement of several taxpayers for non-cash payments
EBRD approves working capital loan to Kazakhstan companies operating chromium mine
WTL talks construction of DC, SDA units at Turkmenbashi Complex of Oil Refineries
Uzbekistan, S. Korea eye enhancing bilateral co-op in public security
Kyrgyz Republic’s SMEs Sector to Benefit from ITFC’s US $4 Million Line of Trade Financing Facility
Iran unveils production data of steel products
Germany implementing pilot agricultural project in Azerbaijan
Azerbaijan announces number of citizens vaccinated on May 17
Azerbaijan's 4M2021 revenues from gasoline, diesel retails disclosed
Azerbaijan confirms 426 more COVID-19 cases, 515 recoveries
Iran has potential to become hub for home appliances export
Railway freight traffic between Kazakhstan, Lithuania grows despite COVID-19
Russia ready to assist Armenia, Azerbaijan in border delimitation issue - FM
Volume of Georgian wine exports and its value up
Iran continues to import COVID-19 vaccines
Majority of mobile communication operators in world to support eSIM by 2025 - GSMA Association
Several types of COVID-19 vaccines delivered in Turkmenistan
Active work underway on construction of Pskem HPP in Uzbekistan
Uzbekneftegaz repairs unit for gas purification from sulfur at Mubarek Oil & Gas Production dep’t
Money transfers to Georgia up in April 2021
Lithuania looks to resume regular flights to Kazakhstan - ministry
Kazakhstan boosts mining of iron ores
Unemployment rate down in Azerbaijan
Turkish ambassador meets with head of Turkey-Azerbaijan Interparliamentary Friendship Group (PHOTO)
Baku Boulevard to remain open during 2021 F1 Azerbaijan Grand Prix competition - Baku City Circuit
‘Nar’ team progresses to semifinal in ‘Brain Ring’
Value of chargeable services rendered to Nakhchivan's population in 4M2021 drops
Turkmenistan‘s Turkmenbashi oil refinery develops its industrial potential
Value of Azerbaijan's 4M2021 industrial production down
Kazakhstan’s Pavlodar Oil Chemistry Refinery to buy valves via tender
Indian Shilpa Medicare signs deal to produce Sputnik V
Petrochemical plants to be put into operation in Iran
Kazakhstan boosts imports of Belgium-made goods
EU agrees partial truce with U.S. over Trump tariffs
Dubai eases COVID-19 restrictions, allows full hotel capacity
Azerbaijan announces 4M2021 investments in fixed assets
Azerbaijan to hold auction for shares of joint stocks companies
Azerbaijan announces tasks for using renewable energies in electricity production
Georgia's electronics market shrinking
Cargo transportation volumes surge in Kazakhstan
GPON-based technology being introduced in villages of Azerbaijan (PHOTO)
Iran anticipates another JCPOA Joint Commission Meeting - MFA
No alternative to implementation of trilateral statement on Karabakh - Russian president
Azerbaijan preparing to vaccinate citizens with Russian 'Sputnik V' COVID-19 vaccine
Convention on simplification of customs procedures enters into force for Uzbekistan
Iranian Oil Minister talks about exports, contracts in oil sector
GSMA predicts growth in number of mobile service users in Azerbaijan by 2025
Polish company eyes producing packaging materials for automotive industry in Uzbekistan
Iran reveals COVID-19 data for May 17
Weekly review of Georgian's capital markets (May 10 through May 14)
Azerbaijan continues military exercises, with extensive use of maps (VIDEO)
Iran’s trade turnover with UK announced
Kyoto Convention enters into force in Turkmenistan
Investment in Iran's industrial sector increases
Georgian microfinance organizations reveal data on their profits
All news