Iran is a mixed economy with a large public sector. Some 60% of Iran's economy is centrally planned.. Iran's economy is characterized by its hydrocarbon, agricultural, and service sectors, in addition to manufacturing and financial services, with over 40 industries directly involved in the Tehran Stock Exchange. The stock exchange has been one of the best performing exchanges in the world over the past decade. With 10% of the world's proven oil reserves and 15% of its gas reserves, Iran is considered an "energy superpower".

Iran, also known as Persia and officially the Islamic Republic of Iran (IRI), is a country in West Asia. It is bordered by Iraq to the west and Turkey to the northwest, Azerbaijan, Armenia, the Caspian Sea and Turkmenistan to the north, Afghanistan to the east, Pakistan to the southeast, the Gulf of Oman and the Persian Gulf to the south. With a mostly Persian-ethnic population of almost 90 million in an area of 1,648,195 km2, Iran ranks 17th globally in both geographic size and population. It is the sixth-largest country entirely in Asia, the second-largest in West Asia, and one of the world's most mountainous countries. Officially an Islamic republic, Iran has a Muslim-majority population. The country is divided into five regions with 31 provinces. The nation's capital and most populous city is Tehran, with around 16 million people in its metropolitan area. Other major cities include Mashhad, Isfahan, Karaj, and Shiraz.