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Strengths and Weaknesses of Iran's Economy

Strengths:

  1. Location between the Midsection East and Central Asia, with access to the Persian Gulf and Caspian Sea
  2. Iran is the eighteenth major country in the world
  3. The overall economy of Iran is the twenty-fifth major on the planet by GDP (nominal) and the eighteenth largest economy on the planet by purchasing electric power parity (PPP)
  4. world's second greatest proven petrol reserves, after Saudi Arabia,
  5. world's second largest proven gas reserves after Russia
  6. It is OPEC's (Company of the Petroleum Exporting Countries) 2nd largest olive oil exporter and can be an energy superpower.
  7. Subsidy reform has slice domestic ingestion of coal and oil and more for export
  8. Oil and gas besides, Iran is abundant with other resources and has a strong agricultural sector
  9. Easy Access to marketplaces of neighboring countries
  10. Iran has one of the highest urban development rates on earth. From 1950 to 2002, the metropolitan proportion of the population increased from 27% to 60%
  11. TSE (Tehran STOCK MARKET) has been one of the world's best carrying out stock exchanges in recent years.
  12. The Foreign Investment Promotion and Protection Work (FIPPA) provides some safeguard to foreign investors and relatively good terms for the repatriation of profits
  13. Although stifled in the years because the revolution, Iranians are recognized for their entrepreneurial skills, which is potentially a strong yank for foreign shareholders.
  14. excellent reverse executive capabilities and specialized innovation
  15. A large military including elite units
  16. two thirds of Iran's populace under age 25
  17. Young, encouraged and effective work force
  18. Iran is a diverse country, consisting of men and women of many religious and cultural backgrounds
  19. Iran houses one of the richest creative traditions in world record and encompasses many disciplines, including structures, painting, weaving, pottery, calligraphy, metalworking and stonemasonry.
  20. Existing historical tourist attractions for improving regional tourism
  21. The culture of Iran is a variety of historical pre-Islamic culture and Islamic culture

Weaknesses:

  1. One product market (economic development only rely on oil and gas industry)
  2. Little international or multinational engagement.
  3. International sanctions make investment and financing deals difficult.
  4. International sanctions discourage international petrol companies from getting much needed technical knowledge and equipment to keep up oil result levels.
  5. International Sanctions are eating into Iran's engine oil revenues, increasing the probability of severe sociable unrest.
  6. International sanctions in banking system, means that the sector is underdeveloped and under-competitive
  7. After a concerted effort to reduce open public debt in recent years there are signals that it is once again rising
  8. Iran has only a few allies in the region
  9. Foreign firms are unable to own hydrocarbon resources in Iran
  10. Unfavorable contract constructions limit profitability for foreign buyers.
  11. Inability of handling exchange rates
  12. Limited financial or operational freedom
  13. Lack of infrastructures in several economical parts
  14. The start of the country's subsidy reform program has reduced its growth potential customers and accelerated inflation.
  15. Progress on privatization leading remains gradual despite some recent stimulating signs
  16. Structures of state-run businesses are inefficient, which decreases the creation process.
  17. Strict government control is highly restrictive to innovation
  18. Lack of funds in commerce and agriculture section
  19. Lack of travel vehicles
  20. traditional development methods anticipated to lack of advanced technologies
  21. Bureaucracy constricts completely state-run establishments.
  22. Poor research facilities (despite capability to reverse-engineer).
  23. Decision making eventually rests with the Supreme Leader
  24. Iran has one of the poorest human rights files in the region

Opportunities:

  1. There is a probability of regional dominance in the short term because of the country's size and influence
  2. The gas sector is underdeveloped and there is considerable room to increase this way to obtain revenue.
  3. government subsidized foundations that dominate Iran's non-oil economy
  4. Any normalization of relations between Iran similarly and the USA and its allies on the other could supply the impetus for a huge reform of the banking sector.
  5. The administration has granted a number of licenses to new private bankers in recent years; these private banking companies are growing far faster than their state-owned counterparts.
  6. A growing people, combined with a lack of real estate, provides opportunities for investment in home construction.
  7. Widespread deployment of increased oil restoration (EOR) techniques could significantly boost output.
  8. Considerable untapped gas export potential
  9. US setbacks in Iraq and Afghanistan have given Iran an possibility to assert greater strategic influence in the region
  10. Iran still has option to resolve nuclear crisis diplomatically
  11. Iran keeps support in the international community, notably from China and Russia, which both oppose sanctions.
  12. Opportunities for export if limitations are raised.
  13. A growing realization that international assistance may be asked to develop industry could see further participation in the future.
  14. Being neighbor with underdeveloped countries of Afghanistan and Pakistan
  15. Good environment for agriculture and providing the base for expanding of these products
  16. Having young, motivated and effective workforce
  17. Having border markets provide basis for mixborder interactions
  18. Existing special cost-effective region and providing the bottom for monetary growth
  19. Having major effective benefits in mine and industry sections
  20. Having good universities and colleges to improve professional employees in the region
  21. Expanding native culture of region and country to other neighboring countries

Threats:

  1. Lack of privatization will continue steadily to stifle the industry.
  2. Concentration on high-profile programs will detract from more essential surface forces research.
  3. Ongoing anxiety over Iran's nuclear program boosts the prospect of further US and UN Security Council sanctions
  4. Ethnic tensions are on the rise
  5. High youth unemployment.
  6. A decline in world petrol prices could have a considerable effect on the economy.
  7. There is a significant threat of capital flight credited to fears of turmoil or sanctions.
  8. UN and EU sanctions on Iran pose a significant hazard to the involvement of foreign businesses in the oil and gas sector.
  9. Non-performing loan ratios are dangerously high; there are serious concerns in the solvency of state-owned finance institutions over the long term.
  10. Government-mandated loaning to poorer Iranians at low interest rates means that banks have limited control over their loaning policies.
  11. UN, US and European union sanctions on Iran's banking and energy sectors are which makes it difficult for international companies to attempt financial ventures with Iranian entities, and dangerous to invest in the hydrocarbons sector.
  12. The threat of internal political instability
  13. Long-term fall season in domestic petrol production
  14. Changes in OPEC/countrywide energy policy
  15. Strong regional competition
  16. Political issues make procurement decisions extremely poor.
  17. Slow pace of development.
  18. Inefficient workforce functions as an additional drain on resources
  19. Not having enough infrastructures for broadening different cost-effective sections
  20. Safety threats and therefore less investing
  21. Religious and tribal networks
  22. Immigration of professional workforce
  23. Having unsuitable weather like 120 day sand storm
  24. Lack of advanced technologies
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