Iran's Economy Could Be Huge, But They Don't Care 馃嚠馃嚪
A video on YouTube. In Business & Money, a Krater category.
Watch on YouTubeSummary 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.
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