Iran Economy NewsIran, One of the Poorest Countries in the World

Iran, One of the Poorest Countries in the World

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In recent years, Iranians have experienced increasing poverty. Poverty directly affects the livelihood and food basket of Iranian households.

According to official statistics published by the Research Center of the Parliament of the Government of Iran, between 2011 and 2019, every Iranian has become 36% poorer on average.

The first impact of this poverty is on the household’s livelihoods, and in the shadow of the inability to buy healthy food, people will certainly buy cheap and poor-quality food without nutritional value.

Credit Suisse Bank publishes a report on the per capita wealth of households in different countries of the world every year. In the latest report published by this center, Swiss people with an average wealth of $674,000 per adult are the richest people in the world.

These statistics are based on the amount of financial savings and real estate value of individuals. After Switzerland, the people of the United States and Hong Kong are ranked second and third richest people in the world. In total, we can say that the concentration of wealth is in North America and Europe. The poorest people are also in Africa and Central Asia.

The average wealth per adult in the United States is $505,000, in Hong Kong $503,000, in Australia $483,000, and in Taiwan, which has the twentieth richest persons in the world, the average wealth per adult is $238,860.

Among the countries of the Persian Gulf, statistics show that the situation is not very good in this region. In the region, the people of Qatar, with an average per capita wealth of $146,730, are the richest people in the region, and the people of Iran, with an average per capita wealth of $22,249, have the lowest wealth.

Kuwaitis are the second richest people in the region with an average wealth of $128,990 per adult, $115,476 per adult in the UAE, $ 87,559 in Bahrain, $68,697 in Saudi Arabia, and $39,499 in Oman.

In the Bank of Switzerland classification, countries with an average wealth of more than $100,000 are considered rich, countries with an average wealth of adults between $25,000 and $100 are counted as middle regions, and countries with an average wealth of between $5,000 and $25,000 are considered as the poorest areas.

Accordingly, in the Persian Gulf region, the people of Qatar, Kuwait, and the UAE are among the rich, and the people of Bahrain, Saudi Arabia, and Oman are among the average in terms of wealth, but Iran is among the countries whose people are considered poor.

Countries such as India, Iran, the Philippines, and African countries are considered “poor” in this division and live in more difficult conditions by international standards.

The historical background of North American and Western European countries shows that industrial development in these regions has a longer history, and in this regard, the high level of wealth in these countries is not far from expected, but the economic record of some countries such as South Korea and Singapore is worthwhile. It is important because their industrial history is not comparable to American and European countries but due to prudent policies and accurate recognition of their economic advantages, they have been able to find a good place among countries.

Ease of doing business, focusing on domestic advantages, and extensive connections to foreign markets have led countries such as South Korea and Singapore to gain a foothold in international economies in recent decades with high economic growth.

Having an uncountable number of natural resources but having a corrupt and mafia-led government has made Iran one of the poorest and underdeveloped countries in the world, lacking all the factors mentioned above.

 

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