GDP growth in Iran

The economy of the Islamic Republic of Iran is one of the fastest growing in the Middle East. Iran should not only be associated with crude oil industry but also other areas of the economy. The sanctions that hindered oil exports from Iran meant that the authorities had to take measures to increase exports of other products. There was an increase in exports of iron ore, urea, methanol, tar and cement Diversification of sales in the long term can lead to a reduction in the dependence of the economy on oil sales. As a result of a significant decline in revenues from sales of crude oil Iran in recent years had struggled with stagflation as well as a decline in real GDP by high inflation