Friday, October 19, 2007

Iran 21st in GDP

Iran will rank 21st among 181 countries in terms of gross domestic product (GDP), overtaking the Netherlands and Thailand in 2007, the IMF reported on Thursday in its World Economic Outlook.

The report predicted that Iran’s inflation rate will reach 19% in 2007.

The rapid growth in GDP and inflation rates are both the outcome of the country’s rising oil revenues.

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