TEHRAN (MNA) – The International Monetary Fund (IMF) has predicted that Iran will overcome Spain, Saudi Arabia and Canada and to become the 15th largest economy in the world by 2021.
According to the Monetary and Banking Research Institute, which is the research arm of the Central Bank of Iran (CBI), said that "Iran will rank the 15th largest economy in the world by 2021, going up three places from the current 18th economy.”
According to the data released by the International Monetary Fund (IMF) for different countries in the world, Iran’s GDP was at $1644 billion in 2017 and it ranked 18th biggest economy in the world.
The International Monetary Fund (IMF) has predicted that Iran will remain the world's eighteenth largest economy in 2018, 2019, and 2020, but it will overtake Spain, Saudi Arabia and Canada in 2021 and will climb to the 15th place.
Iran's GDP is predicted to reach $2095 billion in 2021, showing that it will stand above Spain, Saudi Arabia and Canada.
Spain's GDP in 2017 was $1773.9 billion, which is predicted to reach $ 2094 billion in 2021.
Saudi Arabia's GDP will rise from $1773.5 billion in 2017 to $2078 billion in 2021 and Canada's GDP will increase from $1769 billion in 2017 to $2073 billion in 2021.
Accordingly, China will be the world's largest economy with $23159 billion GDP in 2021, followed by the United States with $19390 billion and India, with $9459 billion to fit in the second and third places, respectively.