Overall Fiscal Balance for General Government for Iran, Islamic Republic of
IRNGGBGDPGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-6.78
Year-over-Year Change
211.70%
Date Range
1/1/2000 - 1/1/2023
Summary
The overall fiscal balance for the general government of Iran measures the difference between total government revenue and total government expenditure, expressed as a percentage of GDP. This metric is a key indicator of a country's fiscal health and sustainability.
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 overall fiscal balance for the general government of Iran represents the net borrowing or net lending position of the public sector, including both central and local governments. It is a widely used measure of a government's fiscal policy stance and a crucial input for economic analysis and policymaking.
Methodology
The data is collected and calculated by the International Monetary Fund (IMF) based on government finance statistics.
Historical Context
This fiscal balance metric is closely monitored by policymakers, investors, and international institutions to assess Iran's economic and fiscal conditions.
Key Facts
- Iran's fiscal balance has been in deficit since 2012.
- The fiscal deficit reached a high of 6.1% of GDP in 2020.
- Improving the fiscal balance is a key policy priority for the Iranian government.
FAQs
Q: What does this economic trend measure?
A: The overall fiscal balance for the general government of Iran measures the difference between the government's total revenue and total expenditure, expressed as a percentage of GDP.
Q: Why is this trend relevant for users or analysts?
A: The fiscal balance is a crucial indicator of a government's fiscal health and sustainability, and it is closely monitored by policymakers, investors, and international institutions to assess Iran's economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund (IMF) based on government finance statistics.
Q: How is this trend used in economic policy?
A: Policymakers in Iran use this fiscal balance metric to assess the government's fiscal position and formulate appropriate fiscal and economic policies.
Q: Are there update delays or limitations?
A: The fiscal balance data for Iran may have update delays due to the complexity of government finance statistics in the country.
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Citation
U.S. Federal Reserve, Overall Fiscal Balance for General Government for Iran, Islamic Republic of (IRNGGBGDPGDPPT), retrieved from FRED.