Decoding Iran’s High Savings Trend
Decoding Iran’s High Savings Trend
Monday, February 26, 2018

Decoding Iran’s High Savings Trend

Monday, February 26, 2018

Decoding Iran’s High Savings Trend

In a sample of 25-odd developing countries that make up acronyms like Next-11, MINT, BRICS, ASEAN, BIMSTEC and CIVETS, Iran at 38% had one of the highest savings rate in 2016. 
It had prominent emerging economies like China, Korea, Thailand and Indonesia for company. The high savings rate translated into a healthy investment rate in Iran, which was 34% in 2016. Channelizing savings into productive investment augurs well for future capacity. 
That year, it also saw high growth in imports, leading one to assume part of this pertained to machinery and equipment, thus connecting it with the high investment rate. This joins its reasonably healthy share of manufacturing within GDP, which at 35% is higher than those of India, Turkey, Russia, the Philippines, South Africa and Pakistan. All textbook so far!


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/KwrJBr
  1. https://goo.gl/ikP6WC
  • https://goo.gl/MR4RhZ
  • https://goo.gl/wRJ8Kw
  • https://goo.gl/gH357W
  • https://goo.gl/A6ww6a

You can also read ...

BMW’s Tech-Stuffed Concept SUV Heralds Fancy, Electric Future
Changing notions of what customers want from cars have pushed...
Tesla Hits New Speed Bump
Tesla Inc’s Chief Executive Officer Elon Musk on Sunday...
Oil & Gas Sector Most Conducive for Business
The research arm of Iran’s Parliament has conducted a first-of...
3 CBI Officials  to Leave
Following the recent passage of the law banning the employment...
CBA Concerned About Forex Outflow to Iran
The Central Bank of Afghanistan raised concerns about the...
Anzali Port to Be Connected to National Railroad
Anzali Port in the northern Gilan Province will be connected,...
Mineral Trade Surplus Hits $2.9b
Iran exported more than 25.47 million tons of mineral products...
Departure Tax Revenues  Up 117 Percent
The government earned 3 trillion rials ($24 million) from...

Add new comment