Islamic Republic of Iran: Staff Report for the 2006 Article IV Consultation

March 8, 2007

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Islamic Republic of Iran: Staff Report for the 2006 Article IV Consultation, (USA: International Monetary Fund, 2007) accessed November 12, 2024

Summary

This 2006 Article IV Consultation highlights that with high oil prices and a significant policy stimulus, the Iranian economy continued to grow strongly in 2005–06. Real GDP growth is estimated at 5½ percent. Oil GDP growth was modest owing to capacity constraints, while non-oil GDP growth was broad based, reaching 6 percent. The tensions associated with the nuclear issue, however, had some adverse effects on private investment. With energy prices projected to remain high and external demand continuing to support non-oil exports, Iran’s near-term growth prospects look favorable.

Subject: Commodities, Currencies, Fiscal policy, Fiscal stance, Money, Oil, Oil prices, Oil, gas and mining taxes, Prices, Taxes

Keywords: Asia and Pacific, Budget proposal, CR, Currencies, Europe, Fiscal stance, Gas and mining taxes, Global, Growth outlook, Iran, ISCR, Oil, Oil prices, Participation paper, Staff appraisal, WEO oil price baseline

Publication Details

Pages:

51
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/100
Stock No:

1IRNEA2007001
ISBN:

9781451819038
ISSN:

1934-7685

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