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What type of economy is Iran?

Iran is a mixed economy with a large public sector. It is the world's 21st largest by purchasing power parity (PPP). Some 60% of Iran's economy is centrally planned. It is dominated by oil and gas production, although over 40 industries are directly involved in the Tehran Stock Exchange.

What makes Iran a good country?

Iran’s economy is characterized by its hydrocarbon, agricultural, and service sectors, as well as a noticeable state presence in the manufacturing and financial services. Iran ranks second in the world for natural gas reserves and fourth for proven crude oil reserves.

How big is Iran's it industry?

According to the World Bank, Iran's information and communications technology sector had a 1.4% share of GDP in 2008. Around 150,000 people work in this sector, including 20,000 in the software industry. 1,200 IT companies were registered in 2002, 200 in software development.

What is Iran's economy like in 1978/79?

Oil accounted for the majority of economic value added in 1978/79, as high prices gave the Shah’s government enormous oil revenues in the late 1970s; the agriculture, industry, and services sectors were minor by comparison. Since the 1920s, the energy industry has been the most important element of Iran’s economy.

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