Diplomatic representation in the US:
none; note - Iran has an Interests Section in the Pakistani Embassy; address: Iranian Interests Section, Pakistani Embassy, 2209 Wisconsin Avenue NW, Washington, DC 20007; telephone: [1] (202) 965-4990; FAX [1] (202) 965-1073
Diplomatic representation from the US:
none; note - the American Interests Section is located in the Swiss Embassy compound at Africa Avenue, West Farzan Street, number 32, Tehran, Iran; telephone [98] 21 8878 2964 or 21 8879 2364; FAX [98] 21 8877 3265
Flag description:
three equal horizontal bands of green (top), white, and red; the national emblem (a stylized representation of the word Allah in the shape of a tulip, a symbol of martyrdom) in red is centered in the white band; ALLAH AKBAR (God is Great) in white Arabic script is repeated 11 times along the bottom edge of the green band and 11 times along the top edge of the red band
Economy
Iran
Economy - overview:
Iran's economy is marked by an inefficient state sector, reliance on the oil sector (which provides 85% of government revenues), and statist policies that create major distortions throughout. Most economic activity is controlled by the state. Private sector activity is typically small-scale workshops, farming, and services. President Mahmud AHMADI-NEJAD failed to make any notable progress in fulfilling the goals of the nation's latest five-year plan. A combination of price controls and subsidies, particularly on food and energy, continue to weigh down the economy, and administrative controls, widespread corruption, and other rigidities undermine the potential for private-sector-led growth. As a result of these inefficiencies, significant informal market activity flourishes and shortages are common. High oil prices in recent years have enabled Iran to amass nearly $70 billion in foreign exchange reserves. Yet this increased revenue has not eased economic hardships, which include double-digit unemployment and inflation - inflation climbed to 26% as of June 2008. The economy has seen only moderate growth. Iran's educated population, economic inefficiency and insufficient investment - both foreign and domestic - have prompted an increasing number of Iranians to seek employment overseas, resulting in significant "brain drain."
GDP (purchasing power parity):