Iran joins the Trillion Dollar club

Discussion in 'Iran' started by ekrem, Jun 7, 2012.

  1. ekrem
    Offline

    ekrem VIP Member

    Joined:
    Aug 9, 2005
    Messages:
    7,243
    Thanks Received:
    370
    Trophy Points:
    83
    Ratings:
    +375
    ministry of economic affairs and finance
     
  2. GdWithIsrael
    Offline

    GdWithIsrael Rookie

    Joined:
    Jun 6, 2012
    Messages:
    15
    Thanks Received:
    1
    Trophy Points:
    1
    Ratings:
    +1
    :eek::eek::eek:
     
  3. RoccoR
    Offline

    RoccoR Gold Member

    Joined:
    Sep 15, 2010
    Messages:
    6,285
    Thanks Received:
    1,699
    Trophy Points:
    245
    Location:
    Reynoldsburg, OH
    Ratings:
    +3,679
    ekrem, et al,

    I am wondering what this tells us; given the IMF knows the level of effect on the sanctions.

     
  4. ekrem
    Offline

    ekrem VIP Member

    Joined:
    Aug 9, 2005
    Messages:
    7,243
    Thanks Received:
    370
    Trophy Points:
    83
    Ratings:
    +375
    @RoccoR
    You have to look at GDP-PPP (purchasing power) values.
    Nominal GDP values only become "relevant" when you import tradable goods from a different currency-zone. The amount of imports (around 60 Billion $) by Iran are only a fraction of its economic output.

    imf.org


    Imagine, that Iran allocates a budget to buy Oil-equipment.
    The higher GDP-PPP value shows, that Iran can get more Oil-equipment with exactly same budget if Iran is capable to purchase the equipment locally.
     
  5. ekrem
    Offline

    ekrem VIP Member

    Joined:
    Aug 9, 2005
    Messages:
    7,243
    Thanks Received:
    370
    Trophy Points:
    83
    Ratings:
    +375
    That's the GDP-PPP values up-to 2011.
    This thread is about expected 2012 end-of-year values, which will surpass the Trillion-$ barrier.
     
  6. syrenn
    Offline

    syrenn BANNED

    Joined:
    May 10, 2010
    Messages:
    47,839
    Thanks Received:
    10,387
    Trophy Points:
    0
    Ratings:
    +10,403

    And for all of that.... they still live in a poverty stricken shit hole.

    :lmao:
     
  7. RoccoR
    Offline

    RoccoR Gold Member

    Joined:
    Sep 15, 2010
    Messages:
    6,285
    Thanks Received:
    1,699
    Trophy Points:
    245
    Location:
    Reynoldsburg, OH
    Ratings:
    +3,679
    syrenn, et al,

    I'm not at all sure that Iran is a poverty stricken country.

    (COMMENT)

    While Iran may not have the standard of living the US has, you have to remember that the US is a country in decline, without the ability to re-invest in its infrastructure, and an education system that is becoming unaffordable. While other industrialize countries have a fairly large and growing manufacturing industry, our industry is being outsourced.

    Iran has an improving standard of living. It has great potential.

    I'm not saying that Iran is a better country than the US, but it has an industrial and economic base that is very supportive of its nation; patriotic in a sense. On the US side, we are not supportive of the nation - but strive to maximize the wealth of the shareholder; no matter how many people it puts out of work.

    We are comparing apples to oranges.

    These various GDP figures, and economic statistics are almost meaningless to the average person. Even unemployment figures are not truly what they seem. We are a nation that cannot read and understand those figures. We actually think that unemployment is at 8%, when there are so many additional aspects that are not taken into account. The government artificially lowers the poverty figure so that it becomes more politically palatable and less of an economic obligation. And we have a terrible time understanding "under-employment" --- and the impact it has.

    So - while the US is not in as good as shape - as advertised --- , I hate to say it, but Iran is not in the destitute condition that we are often lead to believe.

    Most Respectfully,
    R
     
    Last edited: Jun 12, 2012
  8. Mad Scientist
    Offline

    Mad Scientist Deplorable Gold Supporting Member Supporting Member

    Joined:
    Sep 15, 2008
    Messages:
    23,940
    Thanks Received:
    5,211
    Trophy Points:
    270
    Ratings:
    +7,680
    Iran may be facing sanctions from Western Nations, they still trade with China and Russia so good luck with that.

    Now you see why the US wants to invade. Can't let those raghead countries get too uppity cause then they won't listen to us. I'll bet they have a lot of Gold we can steal from them like we did the Libyans.
     

Share This Page