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).

18 April 2022
ID : 33639
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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).

A man walks past the Central Bank of Iran headquarters in Tehran, August 1, 2019. Photo: Reuters

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. 

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