Imports of Goods and Services for Iran, Islamic Republic of
IRNBMUSD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115,705,310,825.80
Year-over-Year Change
45.03%
Date Range
1/1/2000 - 1/1/2025
Summary
The Imports of Goods and Services for Iran, Islamic Republic of measure the total value of all goods and services imported into Iran. This metric is a key indicator of the country's international trade and economic activity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series represents the dollar value of all goods and services imported into Iran, including merchandise, fuel, and other non-factor services. It is a critical measure of Iran's international economic integration and a factor in assessing the country's trade balance and overall economic performance.
Methodology
The data is collected and calculated by the World Bank based on balance of payments statistics.
Historical Context
Analysts and policymakers use this data to evaluate Iran's trade relationships, economic openness, and susceptibility to external economic shocks.
Key Facts
- Iran's imports peaked at $93.2 billion in 2011.
- Imports declined sharply after 2012 due to economic sanctions.
- Imports have gradually recovered since 2016 but remain below historical highs.
FAQs
Q: What does this economic trend measure?
A: The Imports of Goods and Services for Iran, Islamic Republic of measure the total value of all goods and services imported into Iran.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of Iran's international trade and economic activity, and is used to evaluate the country's trade relationships, economic openness, and susceptibility to external shocks.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on balance of payments statistics.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this data to assess Iran's trade dynamics and overall economic performance, which can inform decisions around trade policy, sanctions, and international economic relations.
Q: Are there update delays or limitations?
A: The data may be subject to periodic revisions and updates by the World Bank, and there can be lags in data availability compared to the current reporting period.
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Citation
U.S. Federal Reserve, Imports of Goods and Services for Iran, Islamic Republic of (IRNBMUSD), retrieved from FRED.