Iran pays heavy price for sanctions 

Sanctions imposed by the West over Iran’s nuclear programme have sharply cut back oil exports, isolated Iran from international banking systems, and contributed to a big drop in the value of its currency

OIL EXPORTS 

2.5 billion barrels per day (2011)

1.1 billion barrels per day (2013)

DOWN 56%

Lost oil revenue (2012-13) $65 billion

ECONOMY

Gross Domestic Product ($bn)

528.4
502.7
368.9
DOWN 30%

2012
2013
2014
(2012-14)
------------
UNEMPLOYMENT

10.4% (Mar 2014)

Youth jobless rate: 24%

AUTOMOTIVE INDUSTRY

Production has fallen from 1.6 million vehicles (2011) to less than 1 million (2013)

DOWN 38%

FROZEN ASSETS $80 billion

Hard currency frozen overseas

IRAN’S CURRENCY

Mar 2015: U.S. dollar trades for over 27,700 rials at official rate and for 34,000 rials on open market

Mar 2012: U.S. dollar trades for 11,300 rials

DOWN 59%

Depreciation (2012-15)

INFLATION RATE  45% (Jul 2013)

Sources: Congressional Research Service, IEA, Cato Institute, World Bank