https://www.manhattancontrarian.com/blog/2020-1-5-some-perspective-on-iran
As you probably know, over the course of several weeks in December Iranian proxies known as the Kataib Hezbollah carried out multiple attacks against military installations in Iraq. On December 27, one of those attacks killed an American contractor, and wounded several other Americans and Iraqis, at the K1 military base near Kurkuk. Then on December 31 the same Iran-backed group stormed the U.S. embassy compound in Baghdad. On January 3, the U.S. military, under orders from President Trump, conducted a retaliatory strike that killed the leader of Iran’s so-called Quds Forces, Qasem Soleimani. Subsequently, Iran has threatened further rounds of retaliation against the U.S., although those have not occurred as of this writing.
Before getting too caught up in the tensions of the current moment, perhaps we should step back and look at how things have been going lately for Iran. The answer is, not very well. This is one of those things that you can figure out if you look around enough, but rarely is the information compiled in one place. So I’ll do it for you. As I have remarked before, the U.S. has been incredibly blessed over the years by the rank incompetence of its geopolitical adversaries. Think Russia, Cuba and North Korea as examples. China too, although I’ll save more detail on that one for a future post.
Iran’s population in 2020 (from worldometers.info) is just under 84 million. That is slightly more than 1% of world population, and makes Iran the second most populous country in the Middle East, after Egypt. And Iran has the seeming blessing of vast oil reserves.
So you would think that Iran would have a relatively large and growing economy. Not so. Iran’s GDP (IMF 2019 estimate) is only $458 billion, or about 0.57% of world GDP, and just over $5000 per capita. (For comparison, the per capita GDP of Mexico and China are around $10,000, Brazil about $9000, and the U.S. over $60,000.).