Economy of Iran
Iran has a developing mixed economy that is centrally planned through its large public sector. With a population of over 90 million, the Iranian economy is supported by an industrial manufacturing base, a subsidized oil and gas sector, and abundant natural resources. Its energy sector is home to 10% of the world's proven oil reserves and 15% of the world's gas reserves, often projecting Iran as an "energy superpower". Since the 1979 Islamic revolution, the Iranian economy has experienced slower economic growth, high inflation, and recurring crises. A variety of armed conflicts in the region have exacerbated economic pressures from the 1980s to the 2020s. The nation has experienced varied levels of "brain drain" due to Iranians seeking overseas employment or immigration. Inflation in Iran has been persistent and caused mass protests. The nation's nuclear program and foreign policy have placed Iran under sustained international sanctions, deterring foreign and domestic investment with...
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