Islamic Republic of Iran: Staff Report for the 2004 Article IV Consultation

September 27, 2004

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Islamic Republic of Iran: Staff Report for the 2004 Article IV Consultation, (USA: International Monetary Fund, 2004) accessed November 21, 2024

Summary

This 2004 Article IV Consultation highlights that during the first four years of the Third Five-Year Development Plan (2000/01–2003/04), Iran’s real GDP grew by 5.6 percent on average. The external current account was in surplus, external debt was reduced to a very low level, international reserves increased, and the unemployment rate declined. Real GDP grew by 6.7 percent in 2003/04, with strong contribution from both the oil and non-oil sectors. The unemployment rate declined to 11.2 percent from 14.1 percent in 2000/01.

Subject: External debt, Fiscal policy, Foreign exchange, Inflation, Multiple currency practices, Oil prices, Prices

Keywords: Central bank Participation Papers, CR, Exchange system of the Islamic Republic of Iran, Expansionary fiscal policy, Global, Higher-than-budgeted oil revenue, Inflation, Iran's balance of payments adjustment, ISCR, Letter of credit, Market condition, Multiple currency practices, Oil prices

Publication Details

Pages:

60
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/306
Stock No:

1IRNEA0012004
ISBN:

9781451818956
ISSN:

1934-7685

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