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.
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.