Thursday, March 21, 2019  
Priority of the Ministry of Economy is to improve Iran position in the business index

Friday, May 18, 2018

Masoud Karbasian, Minister of Economic Affairs and Finance of Iran, says the process of reforming Irans rating in the business environment has begun with more interaction between the private sector and the government.

(SHADA: TEHRAN) -- We are in a period when we must decide on the economy in the light of the responses of the international community to the JCPOA, and determining a strategy requires information and analysis more than any other element.

Secondly, it seems that we did not give the world accurate information about some of the indicators, and they are either misinforming about us or are not mentioning the benefits of the Iranian economy due to lack of access to referable resources.

Iran’s rival has unfairly disrupted the game, but we can successfully do our job by reforming our internal processes and introducing ourselves to the world.

Take a look at a number of global statistics on the economy of Iran, which the Economist is the source of. Iran is the world's 30th largest economy with 374 billion dollars in gross domestic product. Also based on our purchasing power, we are lower than Spain and above Australia as the 18thlargest economy in the world. On these days when all the people are talking about dollars, Iran is the 23rd largest country in terms of current account surplus.

Fortunately, we are in the 23rd place in terms of industrial production with $159 million, and interestingly, the Netherlands and Austria are behind us. The 33rd rank of the country in terms of production, 30th in terms of service generation, and 11th in the agricultural producer also complete this list.This information shows that we are standing somewhere in the global economy that we can upgrade ourselves.

I also found interesting statistics about unemployment. Fortunately, the name of Iran is not among the 45 high unemployment countries whose names are listed. It is remarkable that we are not among the 18 countries with the highest youth unemployment rate. What made me happy was that we are not among the 30 countries with the most population below the poverty line (based on the daily income of $2 or less).

Of course, we do not have good statistics on a number of important indicators, such as human development (representing the quality of life), economic growth, the largest exporters, the largest merchants, the lowest inflation, and even the best economies in terms of research before doing work.

Unfortunately, in recent years, it has become less important for us to give first priority to the actual data of Iran's economy and its potentials. Moreover, today many agree that a reason for Iran's low ranking in the business environment index is the impatience of Iranian respondents to accurately study forms and provide accurate answers to them.

At the Ministry of Economy, we are determined to correct as soon as possible the reasons for the mistake of Iran's ranking in the business environment index, and in this way, we need the private sector contribution with the same realistic approach. We do not want to be too optimistic or too pessimistic. We just want to give the world and even our fellow citizens a precise understanding of ourselves.


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