Iran among World’s Most Powerful Economies by 2050

Iran will be among the biggest and most powerful economies in the world within the next three decades, a recent study showed.

According to the study carried out by professional services giant PwC, Iran will be among 32 most powerful economies in the world by 2050.

The report, titled “The long view: how will the global economic order change by 2050?” ranked 32 countries by their projected global gross domestic product by purchasing power parity, The Independent reported.

The Islamic Republic would be the 17th most powerful economy and would also lead several Asian players like South Korea (18) as well as the Philippines (19) and other Malaysia (24).

Iran would closely track Pakistan (16) as well as regional rivals Saudi Arabia (13) and Turkey (11).

Also, Britain’s Business Insider last year named Iran among 50 places to travel to in 2017, commending the country’s security as a key factor behind attracting more tourists.

“This trend (arrival of more tourists) is expected to continue well into 2017, thanks to new direct flights to Tehran from both London and Paris, and the construction of multiple new hotels,” the report said.

Iran has hammered out an investment package worth $25 billion to revitalize its tourism industry.

With a large number of attractive natural and historical sites, Iran is one of the most touristic countries in the world.

Visitor numbers have soared since Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany), reached the deal, known as the Joint Comprehensive Plan of Action (JCPOA), on July 14, 2015 and started implementing it in January last year.

The full report from PwC can be read here.

(Sources: Tasnim, under Creative Commons licence; PwC)

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