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Finance of Iran

The minimum monthly wage in Iran is 263 USD. Iran has a government debt of 50.4% of the country's Gross Domestic Product (GDP), as assessed in 2012. With regard to consumer prices, the inflation rate in Iran is 42.3%. The currency of Iran is Iranian rial. The plural form of the word Iranian rial is rials. The symbol used for this currency is ﷼, and it is abbreviated as IRR. The Iranian rial is divided into dinar; there are 100 in one rial. Each year, consumers spend around $190,776 million. The ratio of consumer spending to GDP in Iran is 0.04%, and the ratio of consumer spending to the world consumer market is 44%. The corporate tax in Iran is set at 25%. Personal income tax ranges from 0% to 35%, depending on your specific situation and income level. VAT in Iran is 10%. In 2013, Iran received 148.8 million USD in foreign aid.In 2014, the foreign aid amounted to 100.9 USD.

Gross Domestic Product

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Iran is $1,357,028 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Iran was last recorded at $16,546,754. PPP in Iran is considered to be very good when compared to other countries. Very good PPP indicates that citizens in this country find it easy to purchase local goods. Local goods can include food, shleter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with very good PPP are safe locations for investments. The total Gross Domestic Product (GDP) in Iran is 492,783 billion. Based on this statistic, Iran is considered to have a large economy. Countries with large economies support a wide variety of industries and businesses, providing ample opportunities for investment. Large economies support a substantial financial sector, making it easy to organize investments and financial transactions. It should be very easy to find good opportunities for investment in Iran. The Gross Domestic Product (GDP) per capita in Iran was last recorded at $6,008,689. The average citizen in Iran has very high wealth. Countries with very high wealth per capita have an extended life expectancy and very high standard of living. Highly skilled workers can be found in many industries, and labor is very expensive in these countries. Countries with very high wealth offer opportunities for safe investments, as they are often supported by a diverse and thriving financial sector. GDP Annual Growth Rate in Iran averaged 1.5% in 2014. According to this percentage, Iran is currently experiencing modest growth. Countries that are experiencing modest growth offer safe opportunities for investment; their expanding economy indicates that businesses, jobs, and income will expand accordingly.