Iran's Economy Could Be Huge, But They Don't Care 🇮🇷

Summary by Krater

An economic analysis of Iran, exploring why its economy underperforms despite massive natural resources, a large young population, and strategic location, concluding with an overall score of 2.8 out of 10 on the Economics Explained National Leaderboard.

From the video

Answers: Why is Iran's economy failing despite its massive natural resources?

• Iran economy
• Natural gas reserves
• Oil reserves
• Bonyads
• Economic sanctions
• GDP per capita
• Labor force

What it concludes

• Iran has 5 percent of the world's extractable metals, the second largest natural gas reserves in the world, and more oil than the UAE and Qatar combined.
• Iran's GDP is 360 billion dollars, putting its GDP per capita at 4,091 USD, in line with Sri Lanka and Lebanon.
• Bonyads are independent trusts that run a large share of Iran's industries, receive government funding, pay no taxes, and report only to the Supreme Leader.
• Iran's over-reliance on oil exports (69 percent of total exports) combined with economic sanctions, corruption, and the bonyad system has crippled its economic potential.
• Iran scored 2.8 out of 10 on the Economics Explained National Leaderboard, ranking near the bottom for economic stability, growth, and industry.