TEHRAN – The International Monetary Fund (IMF) in its latest report on Saturday pointed to a $161 billion increase in Iran’s gross domestic product (GDP) in 2022 and said Iran has moved up one place in the ranking of the world’s largest economics.
The IMF put the current rank of Iran among the largest economies in the world in 2023 at 21st.
In its report, the international monetary body announced the latest GDP of 194 countries of the world including Iran in 2022.
Iran’s GDP, according to the purchasing power index in 2023, reached $1.616 billion, showing a considerable $161 billion hike compared to the same period a year earlier, the IMF added.
With its gross domestic product of $1,616 billion in 2022, Iran became as 21st largest economic power in the world, meaning that Iran’s economy was larger than the economies of 173 other countries in the world last year.
Iran’s economy ranks 21st among 194 countries in the world while Iran has been under the most severe economic sanctions.
The IMF also said that China became the world’s largest economy in 2022 with a gross domestic product of $30,217 billion, followed by the US with $25,462 billion GDP and India with $11,900 billion GDP.