Iran world’s 7th least indebted country: Economic analyst
Abbas Me’marnejad, a well-known economic analyst, says Iran with a foreign debt of $8.4 billion, is the world’s seventh least indebted country considering the country’s gross domestic product (GDP).
Abbas Me’marnejad, an economic analyst, says Iran with a foreign debt of $8.4 billion, is the world’s seventh least indebted country considering the country’s gross domestic product (GDP).
Some $2.1 billion of Iran’s foreign debts are short-term liabilities while middle and long-term liabilities account for $6.37 billion of the country’s foreign debts, Me’marnejad, also a former deputy minister of economy, was quoted as saying by Fars new agency.
He said that the ratio of foreign debt to GDP in Iran is as insignificant as 2%.
Me’marnejad said that the ratio is 143% in the US and 54% in China which indicate that Iran’s foreign debt is not noteworthy compared to those of major world economies.
He added that the ratio is 276% in Japan which makes the country the most indebted country in the world.
Source: ICCIMA
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