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IMF: Iran’s current account balance growing

Business Materials 27 January 2018 13:09 (UTC +04:00)

Baku, Azerbaijan, Jan. 27

By Khalid Kazimov – Trend:

Iran’s current account balance increased by 31.89 percent to reach $21.603 billion in 2017, data available on the International Monetary Fund (IMF) website suggested.

The country stood 15th among 188 countries included in the report, as the figure grew by $5.215 billion compared to 2016 for the Islamic Republic.

Germany ($295 billion), Japan ($175 billion) and China ($162 billion) had the highest performance in the term of current account balance over the last year.

The IMF has projected Iran’s current account balance for the next year at $23.4 billion, an increase of 8.3 percent.

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