Head of Iran's Plan and Budget Organization Davood Manzour has said that this country is now the 19th largest economy in the world, with a gross domestic product (GDP) of $1.81 trillion based on the purchasing power parity (PPPs).
Manzour made the remark on Monday in a post on X, formerly known as Twitter.
He said in his post that the country plans to increase its current GDP to $2.5 trillion based on the PPPs within the next five years, which will fall on the 50th anniversary of the Islamic Revolution.
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In comments on his post, the official explained that the ranking based on PPPs is determined by international bodies using a common currency which is different from the foreign currency rate announced by countries.