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Iran Ranks 10th among Developing States

Saturday, July 12, 2008

The International Monetary Fund has announced in its latest report that Iran stands 10th among the developing states in terms of economic development.

The UN-related body added that Iran has overtaken South Africa, Argentina, Egypt, Venezuela and Thailand in 2000 to 2007 in order to rank the third world’s 10th powerful economy.

According to the International Monetary Fund, Iran has enhanced its economic growth between 2000 and 2007 and has improved its ranking among the developing countries.

China has been recognized as the biggest developing economy in 2007 with a gross domestic product of 3,250 billion dollars followed by Brazil and Russia.

According to projections by the International Monetary Fund, Iran’s gross domestic product will hit 452 billion dollars by 2010.

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