Destruction of the national income of Iranians
In the solar 90s, instead of facing the growth of national income per capita, Iranians have seen a 4% decrease in national income per capita every year.
This is a demolition of the state of national income destruction in the 90s; Decades when it was expected that Iran’s economy would grow by 8% every year and Iranians would live with an increase in real income.
The weak economic growth close to zero in the 90s and the high and fluctuating inflation rate along with the sanctions and of course the decrease in the amount of investment have caused Iran to fall into a deep poverty trap and the real per capita income of Iranians will decrease noticeably in a way that will take at least 11 years. until the national income level of the country reaches the income level of the beginning of the 90s. In addition, the class gap and the ineffectiveness of income redistribution policies have caused social and economic inequality to intensify.
Although the previous governments were all trying to free the country from absolute poverty, statistics show that in the past decade, a large part of the middle class of Iranians has been transferred to the poor and low-income class, and the share of the top 20% of the society’s income has increased.
Tehran Chamber of Commerce, Industries and Mines in its latest report revealed the deep trap of national income and says: the real per capita national income of the country in 1383 was equal to 5.7 million Tomans, which after 7 years, reached 4.82 million Tomans in 1390 and average The per capita growth rate of the real per capita national income during the years 1383 to 1390 is about 4.4%.
According to Hamshahri, this report shows the dire situation of the 1990s and emphasizes: From 2011 onwards, the general trend of national income per capita was downward, and with the exception of 2015, 2016 and 2019, its annual growth was negative in 7 years from the 2010s, which shows that Strong weakening of national income per capita in the last decade.
In a way that the lowest national income per capita in the last decade was 4.7 million Tomans in 2018, which reached 4.8 million Tomans with a growth of 1.6% in 2019. The investigations of this private sector institution about the growth of the real per capita national income show the fact that the average annual growth of the real per capita national income during the years 1383 to 1399 is equal to minus one percent, and in the 90s, that is, from 1390 to 1399, it is negative 3.9 percent.
To put it more clearly, during the 1390s, instead of growing by 4% annually, per capita income weakened. In such a way that at the end of 2019, Iran’s economy was in a situation where the per capita income was 15% lower than in 2013.
This report adds: If it is optimistically assumed that the per capita national income will increase by 4% annually from 1400 onwards, in 1410, i.e. 11 years from now, Iran’s real national per capita income will reach 1390 and achieving a per capita growth of less than 4% in this period of time. It takes longer to reach the income level of 1390.
This post is written by shadmanamini