All Middle East markets

Iran

A large, resource-rich market with the world's second-largest gas reserves — access constrained by extensive international sanctions.

Population
≈91 million (2024)
GDP (nominal)
≈US$400 billion (2024 est.)
Real growth
≈3.5% (2024 est.)
Capital
Tehran
Currency
Iranian rial (IRR)
Economy & outlook

Iran

A large, diversified resource economy — oil, gas, petrochemicals, mining, autos — serving more than 90 million consumers.

Extensive international sanctions constrain finance and trade; OIETAI administers FIPPA protections for investment where permitted.

Focus sectors

Oil & gas · petrochemicals · mining · large domestic market

Global rankings

  • #70 — Global Innovation Index, WIPO (2025)

Rankings as published by each institution; positions change annually — verify before formal use.

IMD · WIPO GII · UN EGDI · Kearney · WB LPI · S&P

Sources: World Bank · IMF · OIETAI

The Azadi Tower, Tehran — Wikimedia Commons