Saturday, July 2, 2011

Iran Non-Oil Exports Rising

Iranian President Mahmoud Ahmadinejad said today in Tehran that the country’s non-oil exports have reached a record $39 billion annually. Sixty percent of the exports were manufactured goods, Ahmadinejad added [IRNA, 2 July]. The figures represents 475% increase in non-oil exports during the six years of Ahmadinejad’s presidency, although they could not be independently verified.

Ahmadinejad also boasted his government’s successes in subsidy reforms, accusing the opponents of reform program of harboring anti-Iranian sentiments. The International Monetary Fund (IMF) has verified the success of Ahmadinejad’s subsidy reforms. According to a recent IMF report on the program, the structural reforms related to the gradual removal of government subsidies have already reduced the country’s annual inflation from 25.4 percent in 2008/2009 to 12.4 percent in 2010/2011.


Anonymous said...

Iranian labor is still among the cheapest in the world, and it's in a good location geographically so this makes sense.

Anonymous said...

I remember when the same author declared the subsidy cuts initiated by Ahmadinejad a failure that would increase inflation. Now even the IMF agrees that it was a good move.

Anonymous said...

well there has obviously been inflation, with the rial/dollar ratio going from 10,000 to 1 to 12,000 to 1

Anonymous said...

This is another FACTUAL reporting. Iran's non-oil sector and economic diversification have indeed picked up pace as is the level of both domestic and foreign investment. many of the non-state SME (small to medium enterprises) are attracting investment from the affluent and successful Iranian diaspora. Tehran stock market is a good indicator of this confidence.

Some of these glaring facts are finally being reported in the largely Zionist controlled "western media". An objective report in most European media recently picked up by Reuters:


Most independent Asian economists and fiscal analysts estimate that Iran's real growth rate (including the unofficial economy) is around 4% to 5% range. Nominal PPP GDP is well in excess of $ 700 billion and will exceed a TRILLION dollars in 2015. Even the Zionist mouthpiece "Economist" is predicting $750 billion by 2015 based on an average oil price basket of $78 (real market price has been trading above $90). The elimination of subsidies was well timed as Iranian economy is stable and growing so the working classes absorbed the impact without much pain.

Nader Uskowi said...

Anon 5:44 PM,

You have it wrong. I was one of the first authors that strongly supported the subsidy reforms and Ahmadinejad’s courage to lead them. You can read my post on 1 November 2010 on the subject, before even the program started: Removing Subsidies: Political Risks and Rewards.