Iran – February 2022

Iran lags most Middle Eastern countries on measures of growth, per capita incomes, business climate and creditworthiness. The economy is recovering from the COVID-19 pandemic but international sanctions remain a constraint on oil exports. Inflation remains high because of import restrictions and sharp currency depreciation in recent years.

The above chart is a cobweb diagram showing how a country measures up on four important dimensions of economic performance—per capita income, annual GDP growth, business climate rank and creditworthiness. Per capita income is in current US dollars. Annual GDP growth is the five-year average forecast between 2022 and 2026. Business climate is measured by the World Bank’s latest Ease of Doing Business ranking of 190 countries. Creditworthiness attempts to measure a country's ability to honour its external debt obligations and is measured by its OECD country credit risk rating. The chart shows not only how a country performs on the four dimensions, but how it measures up against other countries in the region.