IMF: Iran’s current account balance growing
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.