Current Account Balance for Iran, Islamic Republic of
IRNBCAGDPGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
-48.82%
Date Range
1/1/2000 - 1/1/2025
Summary
The Current Account Balance for Iran measures the difference between the country's imports and exports of goods, services, and capital. It's a key indicator of Iran's international economic position and trade performance.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Current Account Balance tracks Iran's trade surplus or deficit, including net income from abroad and unilateral current transfers. It's a comprehensive measure of the country's financial transactions with the rest of the world and provides insight into Iran's external competitiveness.
Methodology
The data is collected by the International Monetary Fund (IMF) based on reports from the Central Bank of Iran.
Historical Context
Economists and policymakers use the Current Account Balance to assess Iran's external position and guide policies on trade, exchange rates, and capital flows.
Key Facts
- Iran's current account balance was 3.2% of GDP in 2021.
- The current account surplus has fluctuated significantly over the past decade.
- Iran's trade balance is heavily influenced by oil and gas exports.
FAQs
Q: What does this economic trend measure?
A: The Current Account Balance for Iran measures the difference between the country's imports and exports of goods, services, and capital.
Q: Why is this trend relevant for users or analysts?
A: The Current Account Balance provides insight into Iran's external competitiveness and financial transactions with the rest of the world, which is important for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected by the International Monetary Fund (IMF) based on reports from the Central Bank of Iran.
Q: How is this trend used in economic policy?
A: Economists and policymakers use the Current Account Balance to assess Iran's external position and guide policies on trade, exchange rates, and capital flows.
Q: Are there update delays or limitations?
A: The data is subject to updates and revisions by the IMF and Central Bank of Iran.
Related Trends
Value of Exports to Islamic Republic of Iran from Maryland
MDIRNA052SCEN
Number of Identified Exporters to Islamic Republic of Iran from Pennsylvania
PAIRNA475SCEN
Bank Credit to Bank Deposits for Islamic Republic of Iran
DDSI04IRA156NWDB
Overall Fiscal Balance for General Government for Iran, Islamic Republic of
IRNGGBGDPGDPPT
Gross National Income for Islamic Republic of Iran
MKTGNIIRA646NWDB
General government gross debt for Islamic Republic of Iran
GGGDTAIRA188N
Citation
U.S. Federal Reserve, Current Account Balance for Iran, Islamic Republic of (IRNBCAGDPGDPPT), retrieved from FRED.