Iran Economic Forecast for 2024

We found 11 online brokers that are appropriate for Trading Iran Investment Platforms.

Iran Economic Forecast Guide

Analysis by Andrew Blumer, Updated Last updated - April 25, 2024

Iran Economic Forecast

The Islamic Republic of Iran is facing economic hardships for years now. Iranian rial (IRR) is the country's official currency & has lost most of its value against other countries. A major reason for a weak currency is the trade restrictions on the country imposed by the USA. With President Biden in office, things may take a turn for the better.

Iran's economy relies heavily on importing its vast reserves of gas, crude oil & related products. Besides that, the country also boasts strong manufacturing, services, financial, and agriculture sector. Iran's hydrocarbon reserves are massive, which places its crude oil reserves at the #4 spot. In terms of natural gas reserves, Iran ranks at the #2 spot.

Unlike most oil-rich countries, Iran's economy is not totally reliant on the export of oil products. Instead, the country's economy is well diversified with the growing agriculture, services, and manufacturing sector. Despite a well-diversified economy, most government revenues still come from crude oil & natural gas exports. The country's facing harsh trade restrictions for the last few years. But with high chances of restoration of Iran's nuclear deal, Iran's gas and oil export may pick up the pace once again.

20 Years Economic Vision

To get the economy back on track, the Iranian government has devised an in-detailed strategy of economic reforms for the twenty-year economic vision. The actual strategy is very detailed but is built on 3 main points.

State-owned companies & enterprises are a major drag on the economy. Iran's also planning to introduce reforms in the state-owned companies. Besides that, the financial sector is also suffering heavily due to bans & restrictions. However,the major focus of the government is on the economic & development plan.

Since Oil & gas export revenue is falling, Iran is also implementing reforms to manage the revenue from exports better.

If the country manages to bring reforms and follow its economic vision, an GDP growth of 8% is very much possible (This is the government's target for economic growth).

COVID-19 - A Humanitarian & Economic Crisis

The impact of COVID-19 on a global scale was really disastrous. However, COVID-19 impacted COVID-19 Iran, in particular, more severely due to the bans & restrictions placed on a country. In the region, this is the only country that was affected the most by coronavirus.

Average daily cases in April were more than 20,000. A graph showing the progress of COVID-19 shows that the current infection rate is at all times high. An already struggling Iranian economy is now facing another crisis in the form of COVID-19 since last year.

Vaccination data shows that around 1% of the population has only received the first dose so far. The number of people who recieved 2 doses (full) only account for 0.3% of the population. If the current pace continues, it may take many years to fully vaccinate the 84 million people (total population).

Forecast Of GDP Growth

For the year 2020/21, World Bank estimates Iran's GDP at $628 billion (US dollars). This Gross Domestic Product (GDP) estimate is based on the current population data (around 84 million people). In 2020/21, Iran's real GDP growth forecast is 1.7%.

Most countries saw their output decline during the pandemic; however, Iran's case was slightly different. Since the country's economy was already contracting for the last 2 years, COVID-19 didn't affect the output.

Both domestic and export-based factors saw strong growth in the 3rd and 4th quarter of 2020. The manufacturing sector, in particular, benefited from depreciation in the Iranian rial's value. A drop in the value of local currency made the products more competitive in domestic & international markets.

A Decline In Labor Market

While the country's economic output was not much affected by COVID-19, it severely affected the labor market. Jobs that required high contact with other people and hard labor jobs were the most affected. The informal job sector also shows a negative trend which is troublesome for the country's population.

World Bank estimates the unemployment rate to be around 9.4%.

Rising Fiscal Deficit

Iran's economy was already under pressure before the pandemic. With COVID-19 affecting the people as well as the economy, the government had to increase its spending. This has resulted in a fiscal deficit that was never seen in decades.

If oil & gas income stays depressed, Iran's fiscal deficit may reach above 6% of the GDP. Similarly, according to World Bank, the public debt forecast for 2020/2021 is also above 50%.

Iran Economic Forecast Verdict

The country's economy is struggling on a lot of fronts. With high inflation of 48% and a rising fiscal deficit, Iran will need a comprehensive policy to get the economy back on track.

With all these troubles, Iran's real GDP growth is seen around 1.% in 2021/22.

Looking ahead, very high inflation (48%), rising unemployment, and shrinking revenue from exports pose a serious threat to the country's economy. Possible restoration of the nuclear deal will see a sharp recovery in the economy.

We have conducted extensive research and analysis on over multiple data points on Iran Economic Forecast to present you with a comprehensive guide that can help you find the most suitable Iran Economic Forecast. Below we shortlist what we think are the best Iran Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Iran Economic Forecast.

Reputable Iran Economic Forecast Checklist

Selecting a reliable and reputable online Iran Investment Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Iran Investment Platforms more confidently.

Selecting the right online Iran Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Compare Key Features of Iran Investment Platforms in Our Brokerage Comparison Table

When choosing a broker for Iran Investment Platforms trading, it's essential to compare the different options available to you. Our Iran Investment Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.

By comparing these essential features, you can choose a Iran Investment Platforms broker that best suits your needs and preferences for Iran Investment Platforms. Our Iran Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.

Top 15 Iran Investment Platforms of 2024 compared

Here are the top Iran Investment Platforms.

Compare Iran Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Iran Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Iran Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.

All brokers below are Iran Investment Platforms. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more Iran Investment Platforms that accept Iran Investment Platforms clients.

Broker XTB AvaTrade FP Markets NordFX SpreadEx Plus500 Trading212 forexmart Eightcap ForTrade IB
Rating
Regulation FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 Financial Conduct Authority (FCA) Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039) FSA, Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules, Plus500EE AS is authorised and regulated by the Estonian Financial Supervision and Resolution Authority (Licence No. 4.1-1/18), Plus500AE Ltd is authorised and regulated by the Dubai Financial Services Authority (F005651) DFSA Financial Conduct Authority (FCA) Firm reference number 609146, Financial Supervision Commission (FSC), Cyprus Securities and Exchange Commission (CySec) License number 398/21 Cyprus Securities and Exchange Commission (CySEC) Australian Securities and Investments Commission (ASIC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Investment Industry Regulatory Organization of Canada (IIROC), National Bank of the Republic of Belarus (NBRB) Financial Conduct Authority (FCA)
Min Deposit No minimum deposit 100 100 1 1 100 1 1 100 100 10000
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 1,000,000+ 300,000+ 10,000+ 10,000+ 10,000+ 24,000,000+ 15,000,000+ 10,000+ 10,000+ 1,000,000+ 10,000+
Benefits
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Low min deposit
  • Guaranteed stop loss
  • Advanced Risk Management Tools
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Offers Negative Balance Protection
Accounts
  • Pro account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Managed account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Standard account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Demo account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Demo account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Managed account
Platforms MT4, Mirror Trader, Web Trader, Tablet & Mobile apps Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, Tablet & Mobile apps Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4,WEB,desktop MT4, Tablet & Mobile apps MT4, Binary, Tablet & Mobile apps Web Trader, NinjaTrader, Tablet & Mobile apps
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Learn More Sign Up with
xtb
Sign Up with
avatrade
Sign Up with
fpmarkets
Sign Up with
nordfx
Sign Up with
spreadex
Sign Up with
plus500
Sign Up with
trading212
Sign Up with
forexmart
Sign Up with
eightcap
Sign Up with
fortrade
Sign Up with
interactivebrokers
Risk Warning 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 71% of retail investor accounts lose money when trading CFDs with this provider Losses can exceed deposits Losses can exceed deposits Losses can exceed deposits 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Your capital is at risk Losses can exceed deposits Your capital is at risk Losses can exceed deposits
Demo XTB
Demo
AvaTrade
Demo
FP Markets
Demo
NordFX
Demo
SpreadEx
Demo
Plus500
Demo
Trading 212
Demo
ForexMart
Demo
Eightcap
Demo
ForTrade
Demo
Interactive Brokers
Demo
Excluded Countries US, IN, PK, BD, NG , ID, BE, AU BE, BR, KP, NZ, TR, US, CA, SG US, JP, NZ US, CA, EU, RU, SY, KP, CU US, TR MY, BE, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO US, CA RU US US US


All Iran Investment Platforms in more detail

You can compare Iran Investment Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

We also have an indepth Top Iran Investment Platforms for 2024 article further below. You can see it now by clicking here

We have listed top Iran Investment Platforms below.

Iran Economic Forecast List

XTB
(4/5)
Min deposit : 0
XTB was established in 2002 and is used by over 1000000+ traders. 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. XTB offers Forex, CFDs, Cryptocurrency. Cryptocurrency availability with XTB is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mirror Trader, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19)
AvaTrade
(4/5)
Min deposit : 100
AvaTrade was established in 2006 and is used by over 300000+ traders. 71% of retail investor accounts lose money when trading CFDs with this provider AvaTrade offers Forex, Cryptocurrencies, Commodities, Indices, Stocks, Bonds, Vanilla Options, ETFs, CFDs, Spread Betting, Social Trading . Cryptocurrency availability with AvaTrade is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland
FP Markets
(4/5)
Min deposit : 100
FP Markets was established in 2005 and is used by over 10000+ traders. Losses can exceed deposits FP Markets offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB)
NordFX
(4/5)
Min deposit : 1
NordFX was established in 2008 and is used by over 10000+ traders. Losses can exceed deposits NordFX offers Forex.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008
SpreadEx
(4/5)
Min deposit : 1
SpreadEx was established in 1999 and is used by over 10000+ traders. Losses can exceed deposits SpreadEx offers Forex, CFDs, and spread betting.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)
Plus500
(4/5)
Min deposit : 100
Plus500 was established in 2008 and is used by over 24000000+ traders. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Plus500 offers CFDs, CFD Shares, CFD Indices, CFD Forex, CFD Commodities, CFD ETFs, CFD Options, CFD Futures, Real shares via Plus500Invest .


Plus500 offer a 100% Free and Unlimited Demo account No Deposit fees/Commissions No hidden fees Competitive fees Tight Spreads

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039) FSA, Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules, Plus500EE AS is authorised and regulated by the Estonian Financial Supervision and Resolution Authority (Licence No. 4.1-1/18), Plus500AE Ltd is authorised and regulated by the Dubai Financial Services Authority (F005651) DFSA
Trading212
(3/5)
Min deposit : 1
Trading 212 was established in 2004 and is used by over 15000000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Trading 212 offers Stocks, Forex, Commodities, Indices.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA) Firm reference number 609146, Financial Supervision Commission (FSC), Cyprus Securities and Exchange Commission (CySec) License number 398/21
forexmart
(3/5)
Min deposit : 1
ForexMart was established in 2015 and is used by over 10000+ traders. Your capital is at risk ForexMart offers Forex trading, CFD trading, Social trading, Share Dealing, Crypocurrency trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4,WEB,desktop

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
Eightcap
(3/5)
Min deposit : 100
Eightcap was established in 2015 and is used by over 10000+ traders. Losses can exceed deposits Eightcap offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC)
ForTrade
(3/5)
Min deposit : 100
ForTrade was established in 2014 and is used by over 1000000+ traders. Your capital is at risk ForTrade offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Binary, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Investment Industry Regulatory Organization of Canada (IIROC), National Bank of the Republic of Belarus (NBRB)
IB
(3/5)
Min deposit : 10000
Interactive Brokers was established in 1977 and is used by over 10000+ traders. Losses can exceed deposits Interactive Brokers offers Forex.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, NinjaTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)

Learn more Learn more about XTB.
76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
TRADE NOW Try XTB today
76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.