International Monetary: Iran has the smallest debt among the countries of the Middle East and Central Asia

The International Monetary Fund estimated the ratio of Iran’s external debt to GDP in 2022 at only 0.5% and stated that Iran’s external debt is lower than that of all countries in the Middle East and Central Asia.

The International Monetary Fund, as part of its new report entitled “Economic Prospects for the Middle East and Central Asia,” examined the external debt of 28 countries in the region, including Iran.

According to the calculations of this international organization, Iran has the lowest ratio of external debt to GDP in 2022 compared to other countries in the region.

This report reports that Iran’s external debt-to-GDP ratio this year was only 0.5%, lower than all countries in the Middle East and Central Asia. In addition, Iran’s external debt was declared in 2021 with the same number, therefore, Iran’s external debt did not increase in 2022.

The average debt of the countries of the region from their GDP this year is estimated at 35.8%. The debt-to-GDP ratio of oil-exporting countries in the region was also announced this year at 30.9%.

Source: world