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Iran Business

The Iran business environment isn't exactly a beacon of free enterprise. With a large public sector and roughly half of the economy centrally planned, private sector activity is typically limited to small-scale workshops, farming and services. Price controls, subsidies, widespread corruption and other restrictive factors weigh down the economy, undermining the potential for private-sector-led growth. Such economic inefficiencies are further exasperated when Iran's skilled labor pool becomes increasingly frustrated and seek employment abroad - creating a significant "brain drain".

Iran flag
  • population (2011): 77,891,220
  • population growth rate: 1.248%
  • median age: 26.8 years
  • official language: Persian
  • area: 1,648,195 km² (636,372 miles²)
  • GDP (PPP) per capita (2010): $10,600
  • Doing Business 2017 rank: 120
  • reliant on oil and gas export for revenue
  • double-digit unemployment, high inflation
  • small but diversified industrial base
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Iran Info


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