India with a GDP of $2.7T ranked the 7th largest economy in the world, while Iran ranked 29th with $454B. By GDP 5-years average growth and GDP per capita, India and Iran ranked 6th vs 102nd and 150th vs 105th, respectively.
Is Iran a high income country?
Low income – 31 Countries. Lower middle income – 51 Countries. Upper middle income – 53 Countries. High income: nonOECD – 48 Countries.
Country Income Groups (World Bank Classification)
|Indonesia||Lower middle income|
|Iran, Islamic Rep.||Upper middle income|
|Iraq||Upper middle income|
|Ireland||High income: OECD|
Is Turkey richer than India?
Turkey has a GDP per capita of $27,000 as of 2017, while in India, the GDP per capita is $7,200 as of 2017.
How does Iran make most of its money?
World trade with Iran falls
Besides oil, Iran’s industrial metals, a large source of the country’s export revenue, were also sanctioned. IMF estimates suggest Iran fell into a trade deficit of $3.45 billion in 2020. The country had a trade surplus of $6.11 billion in 2019, according to the IMF.
Who is the richest country in the world?
World’s 5 Richest Nations By GDP Per Capita
- Luxembourg. GDP per capita: $131,781.72. GDP: $84.07 billion. …
- Switzerland. GDP per capita: $94,696.13. GDP: $824.74 billion. …
- Ireland. GDP per capita: $94,555.79. GDP: $476.66 billion. …
- Norway. GDP per capita: $81,995.39. GDP: $444.52 billion. …
- United States.
What is the average salary in Iran?
Iranian employees earn an average gross salary of $7.18 an hour, $1,245 a month, and $14,927 a year. The highest salaries are found in the city of Tehran at an average of $1,812/month or $21,743 a year.
Is Iran a rentier state?
Examples of rentier states include oil-producing countries in the MENA region including Saudi Arabia, United Arab Emirates, Iraq, Iran, Kuwait, Qatar, Libya and Algeria as well as a few states in Latin America, all of whom are members of OPEC.
Is Iran a safe country?
Iran – Level 4: Do Not Travel. Do not travel to Iran due to the risk of kidnapping and the arbitrary arrest, detention of U.S. citizens, and COVID-19. Read the Department of State’s COVID-19 page before you plan any international travel.
Is Turkey a friend of India?
Turkey recognised India right after its declaration of independence on 15 August 1947 and diplomatic relations were established between the two countries. … Both the countries are members of the G20 group of major economies, where the two countries have closely cooperated on the management of the world economy.