TEHRAN, Iran, Jan. 11
Trend:
The World Bank, providing an update on key economic developments and policies of Iran, announced that a sharp decline in oil revenues in 2021 placing significant pressure on government finances, Trend reports citing WB's official website.
According to the latest WB report, in 2021, Iran revenues fell to 9 percent of GDP due to oil revenues falling by 17 percent to 1.1 percent of GDP (the lowest in recorded history) and tax revenues as a share of GDP declining to 5.9 percent.
The Iran Economic Monitor examines economic developments and policies in a longer-term and global context and assesses their implications for the outlook for the country. Its coverage ranges from the macro-economy to financial markets to indicators of human welfare and development. It is intended for a wide audience, including policymakers, business leaders, financial market participants, and the community of analysts and professionals engaged in Iran.