Analysis the characteristic features of one economy: Iran economic details economic indicators economic problems

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Economic details

Iran, known officially as Jomhuri-ye Eslami-ye Iran (Islamic Republic of Iran), is located in southwest Asia on the eastern shore of the Persian Gulf, with Tehran as its capital. Its official language, Farsi (Persian) is Indo- European. The population (69 million), while ethnically diverse is almost entirely Muslim and has been the centre of the Shia branch of Islam. As the second largest country in the Middle East after Saudi Arabia, Iran's economy is a mixture of central planning, state ownership of oil and other large enterprises, village agriculture and small-scale businesses. The country has the distinction of being OPEC's (Oil Producing and Exporting Countries) second largest oil producer as it holds 7% of the world's proven oil reserves with natural gas reserves second to Saudi Arabia.

Approximately 29.3 % of the population are in the 0-14 years age group, 65.9% between 15-64 years and only 4.8%

above 65 years of age. The median age is 22.9 years and the population growth rate is 1.08%. Life expectancy is 69.35 years, 68.04 years for males and 70.73 years for females.

The system of government (theocratic republic) is based on the Laws of Islam, the execution of which is assured under the concept of valiy-e faqih, or the guardianship of a religious jurist. Iran's current faqih is Ayatollah Ali Hoseini-Khamenei, the spiritual leader who is chosen for his knowledge of Islamic theology. Khamenei oversees the operation of the government to ensure that its policies and actions conform to Islamic principles. President Ali Mohammad Khatami Ardakani is elected for a four-year term, similar to the 290 members of the unicameral


Population 68,278,826 (2004 estimate)

Population growth

Population growth rate 1.08 percent (2004 estimate)

Projected population in 2025 85,480,125 (2025 estimate)

Projected population in 2050 92,460,873 (2050 estimate)

Population density...