Interesting Facts on Iran’s Growing Economy

· In the last 6 months US imports in Iran have increased 40%

· From August 23-September 22 (Iranian month of Shahrivar), the value of exports rose 34% compared to a year earlier

· By 2022 ten million housing units are required to be built in Iran, the housing sector creates 13% of all jobs in the country. The Iranian bank, Bank Maskan, has been the sole provider for housing loans in Iran

· The Rouhani administration has allocated over $4 billion to civil construction projects within the past six months

· Inflation in Iran has dropped from 22.3% 12-months ago to 20.6%

· The number of international flights passing over Iran has risen nearly 100% within the last year

· After two years of stagflation, the Iranian economy has grown over 4.5% within their first fiscal quarter

· London-based think-tank, Economic Intelligence Unit or EIU, has projected Iran’s GDP to grow 1.7% in fiscal year 2015