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Iran — Market Overview

🇮🇷 Iran

Iran's market is usually read through inflation and currency dynamics first, because domestic liquidity, sanctions constraints, and commodity-linked earnings all feed through the equity tape in unusual ways. The cleanest read usually comes from inflation and rial pressure, commodity-linked corporate earnings, and whether domestic savings keep rotating into listed equities as a hedge against macro instability.

Regional map

Key facts

Iran at a glance

Capital

Tehran

Currency

Iranian Rial (IRR)

Primary exchange

Tehran Stock Exchange

Central bank

Central Bank of the Islamic Republic of Iran

Region

Middle East

Time zone

Asia/Tehran

Country dashboard

Why this market matters

This first pass is built as a reusable country page instead of a static essay. The page now combines a stylized country map, a switchable line-chart explorer, and linked peer countries so users can move from Iran into the rest of the region without losing the macro frame.

Macro explorer

Switch variables, keep the country context

GDP, inflation, labor, policy, and industrial activity are shown on a quarterly path from 2000 onward, while debt and the local equity benchmark come in when usable history exists. This keeps the page focused on fiscal room and macro regime while the broader official country pipeline keeps expanding.

Real GDP growth

Iran starter GDP-growth path anchored to sourced country profile readings; full official historical wiring is still pending.

-10.0%-5.0%0.0%5.0%201020112012201320142015201620172018201920202021202220232024
Click a year to zoom from that point.

Available variables

Real GDP growth

4.0%
1Y trend+0.2%
Avg growth+20.4%

What This Signals

GDP growth is published quarterly and annualized, so each point captures how fast real output was expanding or contracting versus the prior quarter at an annual rate. It matters because it is the broadest scorecard of domestic economic momentum and sets the backdrop for revenues, employment, and policy expectations. Versus a year ago, the series is higher by 0.2%, which points to an improving or firmer backdrop on this measure. Across the displayed window, the broader trend is still upward.

Trade and external position

Exports, services, and external balance

Instead of a generic macro-card wall, this section focuses on how the country earns demand from abroad, where its trade edge sits, and how the external balance is evolving.

Total trade IranIRR 247.4B
Goods
Services
Goods
Services
ExportIRR 111.9B
IRR 135.5BImport
External Balance2024
Exports +IRR 111.9B
Imports -IRR 135.5B
Balance-IRR 23.6B
IRR 111.9B
Total exports

The full export figure, combining goods and services in one line. It is the cleanest way to read how much external demand Iran is capturing across both physical products and higher-value intangible flows.

IRR 112.6B
Goods exports

This is the merchandise side of exports: industrial supplies, capital goods, autos, food, and other physical products. It matters because it reflects the health of manufacturing, energy, aerospace, and the broader global industrial cycle.

IRR 1.4B
Services exports

This is the intangible side: finance, travel, licensing, business services, and IP-linked flows. It matters because it shows where Iran is strongest in higher-margin, knowledge-intensive, and branded service activities.

Trade composition

What the country exports

Trade partners

Where the country trades

Commodity lens

Raw-material exposure

Trade openness52.1%

Trade in goods and services equaled 52.1% of GDP in 2024. This is a quick read on how externally exposed the economy is.

Services share of exports1.2%

Services represented 1.2% of total exports in the latest reading, which helps show whether the export mix leans more toward intangibles or merchandise.

Manufactures share31.3%

Manufactures accounted for 31.3% of merchandise exports in 2022.

Fuel share56.4%

Fuel exports accounted for 56.4% of merchandise exports in 2022, useful for reading commodity exposure.

Food share5.9%

Food exports accounted for 5.9% of merchandise exports in 2022, adding context on agricultural exposure.

What to watch

Reading framework

01

inflation and FX

Iran should first be read through inflation and fx. When this regime shifts, local multiples and sector leadership usually shift with it.

02

commodity-linked earnings

The cleanest read usually comes from inflation and rial pressure, commodity-linked corporate earnings, and whether domestic savings keep rotating into listed equities as a hedge against macro instability. That makes commodity-linked earnings one of the most important signals for revising the country narrative.

03

domestic liquidity

The final layer is domestic liquidity, because it determines whether the macro backdrop turns into sustainable earnings support for the TEDPIX.

Other countries

Continue across Middle East

Each card opens the same country template with its own map, switchable macro variables, and benchmark view. This is the first linked network of country pages across the region.