Today.Az » World news » Day after day: real face of Iran's economy being unveiled
09 September 2013 [17:15] - Today.Az
The consequences and hidden aspects of hard-line official management,
extremist slogans, dismissal of hundreds of professionals and
dominating Iran's micro-economic spheres by Iran's Revolutionary Guard
Corps (IRGC) - this is the real of face of Iran's economy that is being
unveiled more and more, each day.
While Iran earned $578 billion of petrodollars during 8 years longed
Mahmoud Ahmadinejad presidency, it equals to a half of Iran's total oil
incomes for the last 103 years.
Iranian Parliament Research Center released a report, which says
Iran's economy contracted 3 percent during the last Iranian year which
ended on March 2013, and it is estimated to contract 1.3 percent more
during the current Iranian solar year.
According to the report, an average economic growth during last 8
years is 3.52 percent, while Statistical Centre of Iran said earlier
that Iran's economy contracted by 5.4 percent during last solar year.
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Average economy growth
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Oil incomes
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Annual created new jobs
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Spent USD for 1% economic growth
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Mohammad Khatami
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5.73%
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$206 billion
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700,000
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$4.5 billion
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Mahmoud Ahmadinejad
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3.52%
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$578 billion
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14,000
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$22.8 billion
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During Mahmoud Ahmadinejad's presidency, all of government incomes
reached $864 billion from petroleum sales, taxes, privatization, issuing
bonds, etc.
The Parliament Research Center said that during 2006-2011, about
300,000 job opportunities have been lost, namely, number of the demands
for labor force decreased from 20.84 million to 20.51 million.
These statistics are completely in contrast with Ahmadijenad's claims
about 5.6 percent GDP growth or created 7 million new jobs during his 8
years presidency.
The report also says that Ahmadinejad's government has predicted
allocating 290 trillion rials to complete 5,540 projects, while at the
end of his presidency 970 trillion rials has been allocated to the
projects, while only 1,400 projects have been completed.
Each USD during the beginning of Ahmadinejad's presidency was sold at
below 10,000 rials, while the figure reached above 36,000 rials before
last presidential elections in June, 2013.
According to Central Bank of Iran's latest statistics, inflation rate
in last month reached 39 percent. On the other hand liquidity increased
from about 700 trillion rials to above 4,790 trillion rials during last
eight years.
Now, the new Iranian president Hassan Rohani has to manage and
recover the economy, while Iran's oil exports have decreased from 2.2
million barrels per day (mbpd) to below one mbpd during last two years.
Iran's condensate and petrochemical exports have decreased by 26
percent and 40 percent during mentioned time, based on Custom
Administration report.
Petroleum exports shares about 80 percent of the country's total exports. /Trend/
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