Iranian Economy

The Iranian economy refers to the economic system and activities of the Islamic Republic of Iran. It is characterized by a mixed economy that combines state control with private enterprise. The economy is heavily reliant on the oil and gas sector, which significantly influences government revenues and foreign exchange earnings. Other important sectors include agriculture, manufacturing, and services.

The Iranian economy faces various challenges, including international sanctions, which have targeted its energy sector and financial transactions, affecting economic growth and stability. Additionally, issues such as inflation, unemployment, and a need for economic diversification are prevalent.

The Iranian government plays a significant role in the economy through state-owned enterprises and regulatory oversight, while also attempting to encourage private investment and entrepreneurship. The economy operates within a framework of Islamic principles, which affects financial practices and business conduct.

In summary, the Iranian economy is a complex system shaped by its natural resources, state involvement, and external economic pressures, with a distinct focus on oil and gas production.