Tehran (IP) - Iran is the seventeenth-largest economy in the world in 2022 despite sanctions, according to the International Monetary Fund.

Iran PressAmerica: According to the IMF, Iran ranks seventeenth and above Poland, Egypt, the Netherlands, Argentina, Switzerland, Belgium, and Austria in the latest ranking of the world's largest economies.

IMF has announced that Iran is ranked 17th among the world's largest economies despite sanctions, with the release of GDP figures from 192 countries based on the purchasing power index in 2022.

According to this international organization, the value of Iran's GDP, according to the purchasing power index in 2022, amounted to 1,136 billion dollars.

Iran's economy is larger than 175 countries in 2022, despite the most severe sanctions in recent years.

Indonesia, with a GDP of $1,247 billion, is one step ahead of Iran at 16th.

The Netherlands, with a GDP of $1,070 billion, is one place lower than Iran at 18th.

Accordingly, countries such as Egypt, Thailand, Pakistan, the Netherlands, Argentina, South Africa, the UAE, Switzerland, Belgium, Sweden, Austria, Norway, Portugal, Greece, Finland, Oman, and Kuwait had smaller economies than Iran in 2021.

According to the report, the United States is the world's largest economy in terms of purchasing power, and China is ranked second in this regard.

US' GDP in 2022 is estimated at $24,796 billion, which is higher than China's  $18,463 billion in gross domestic products this year.

India is in sixth place with a GDP of $3,250 billion, Japan is in third place with $5,383 billion and Germany is in fourth place with $4,557 billion.

France, Italy, Canada, South Korea, Russia, Australia, Spain, Mexico, and Indonesia are also ranked seventh to sixteenth, respectively.


Read more:

Iran economy shows growth despite sanctions: Rouhani

VP: Knowledge-based companies play great role in Iran economy