Iran is the world's eighteenth largest by purchasing power parity (PPP) and twenty-seventh by nominal gross domestic product. The country is a member of Next Eleven because of its high development potential. In addition to oil and gas, Iran has a well-developed services sector, tourism, telecommunications infrastructure, extensive roads and highway structure, automobile and manufacturing, pharmaceutical industry, food production and packaging, steel and other metal production.
Demographically, Iran has a young and highly educated workforce with skills in mathematics, science, information technology, engineering, and medicine, and a general population with strong desire to end isolation, and a tendency toward entrepreneurialism.
Population of Iran exceeds 78 million which represents a remarkable market for an array of products and services. Medicine, food, clothing, cosmetics, automobile, sporting goods, household effects and luxury goods are among best profit potentials for domestic market.
Iran is an exporter to neighboring countries including; Dubai, Qatar, Turkey, Armenia, Turkmenistan, Iraq, Afghanistan and Azerbaijan and is party to many regional trade organizations including ECO, OPEC, GECF, WTO (observer). Therefore potentials trade with Iran can consist of consumer as well as industrial goods including production and support (goods) material.