Iran GDP up 81 billion dollars in 2017Wednesday, Jan 24, 2018The International Monetary Fund (IMF) announced an increase of $81 billion in Iran’s GDP in 2017 based on the purchasing power index.
(SHADA: TEHRAN) -- The latest figures released by the International Monetary Fund (IMF) shows that in 2017, Iran has succeeded in maintaining itself as the world's eighteenth largest economy.
According to the estimates of this international institute, the gross domestic product of Iran in 2017 reached 1,630 billion dollars, up $81 billion year-on-year. Iran's gross domestic product (GDP) in 2016 was about $1,549 billion.
According to the ranking of 193 countries, Iran is ranked eighteenth in terms of its GDP in 2017. The GDPs of countries such as Australia, the Netherlands, South Africa, Sweden and Switzerland have been less than Iran.
China ranks first in the world with $23 trillion gross domestic product, the US ranks second with $19 trillion and India ranks third with $9,400 billion.
The report predicts that Iran's GDP will rise to $1,724 billion in 2018.