Iran – Fast Facts
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Iran is a lower middle-income economies coming under the Middle East and the North African region as to the classification made by the World Bank on the basis of income and region for the year 2006.
The economic development policies in the country have gained a momentum in the recent years. Petroleum products in the country largely contributes to the economy. Iran is presently one among the largest oil producers of OPEC countries.
Iran is a lower middle-income economies coming under the Middle East and the North African region as to the classification made by the World Bank on the basis of income and region for the year 2006.
The economic development policies in the country have gained a momentum in the recent years. Petroleum products in the country largely contributes to the economy. Iran is presently one among the largest oil producers of OPEC countries.
Though both oil and non-oil sector plays a significant role in the country’s progress, still in the recent years the country is trying to diversify its economy. Major agricultural products in the country are wheat, rice, fruits, sugar beets and wool. Important industries in the country are cement, steel, copper and textiles.
