Overall Non-Oil Fiscal Balance for General Government for Iran, Islamic Republic of
IRNGGBXOGDPXOGDPXOPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-9.11
Year-over-Year Change
-30.56%
Date Range
1/1/2000 - 1/1/2023
Summary
The Overall Non-Oil Fiscal Balance for General Government for Iran measures the difference between the government's revenues and expenditures, excluding oil-related income. This metric is crucial for economists and policymakers to assess Iran's fiscal health and sustainability.
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 overall fiscal balance of the Iranian government, excluding revenue from oil and gas exports. It is an important indicator of the government's ability to fund its operations and service its debt without relying on volatile oil markets.
Methodology
The data is compiled by the International Monetary Fund based on reports from the Iranian government.
Historical Context
This metric is widely used by economists, investors, and policymakers to evaluate Iran's economic policies and fiscal management.
Key Facts
- Iran's non-oil fiscal deficit averaged 6% of GDP from 2015-2019.
- The COVID-19 pandemic and oil price crash led to a widening of Iran's fiscal deficit in 2020.
- Reducing the non-oil fiscal deficit is a key policy goal for the Iranian government.
FAQs
Q: What does this economic trend measure?
A: The Overall Non-Oil Fiscal Balance for General Government for Iran measures the difference between the Iranian government's revenues and expenditures, excluding income from oil and gas exports.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for assessing Iran's fiscal health and sustainability, as it indicates the government's ability to fund its operations without relying on volatile oil markets.
Q: How is this data collected or calculated?
A: The data is compiled by the International Monetary Fund based on reports from the Iranian government.
Q: How is this trend used in economic policy?
A: Economists, investors, and policymakers use this metric to evaluate Iran's economic policies and fiscal management, as reducing the non-oil fiscal deficit is a key policy goal for the Iranian government.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays or revisions by the Iranian government.
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Citation
U.S. Federal Reserve, Overall Non-Oil Fiscal Balance for General Government for Iran, Islamic Republic of (IRNGGBXOGDPXOGDPXOPT), retrieved from FRED.