Iran’s per capita income surpasses $13,000
Azerbaijan, Baku, May 08/ Trend F.Milad/
Iran stands at 17th place in the world in terms of per capita income, finance and economic affairs minister Shamseddin Hosseini said, adding that the figure is more than $13,000.
Per capita income or average income or income per person is a measure of the mean income within an economic aggregate, such as a country or city. Per capita income is often used as a measure of the wealth of the population of a nation, particularly in comparison to other nations.
Between 2006 and 2011, the Gross Domestic Product (GDP) in Iran increased from $241 billion to $482 billion, the IRNA News Agency quoted Hosseini as saying.
He also added that the value of the capital market rose to around $110 billion from $53 billion.
Foreign direct investment in Iran amounted to $4.3 billion in the past calendar year which ended on March 19, nearly two fold of the figure two years ago, he noted.
Foreign investment plans in Iran amounted to $5.3 billion in the past calendar year, showing a 27 per cent growth compared to the year before, deputy economy minister Behrouz Alishiri said on April 2.
IRNA news agency quoted Alishiri as saying that up to three billion dollars as foreign investment was carried out last year.
Some 1.1 trillion dollars is needed to be invested during the fifth five-year economic development plan (2010-2015) to materialise the eight per cent growth rate, Alishiri said on February 26.
Domestic sources have the potential to meet around 56 per cent of the required sum and the rest should be provided through foreign investment, he noted.
Iran needs up to $300 billion in foreign direct investment (FDI) to meet the objectives of its fifth five-year development plan (2010-2015), and reach the eight per cent economic growth rate, Alishiri said.