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According to a report posted on the government's website, based on a report by the IMF, Iran’s economy ranked 17th in the world in 2011 with its Gross National Product standing at 930 billion dollars. Statistics released by the IMF indicate that Iran’s economy had increasing growth in the past 33 years, occupying a position among the world’s biggest economies. Iran was previously ranked as 21st biggest economy in the world but it advanced to 17th place in 2011, leaving behind Saudi Arabia, Poland, Australia and Argentina.
According to IMF, the US came first with GNP worth 15,000 billion dollars. China, India, Japan, Germany, Russia, Brazil, Britain, France, Italy, Mexico, South Korea, Spain, Canada, Indonesia and Turkey occupied positions ranging from the second to 16th respectively. Australia, following Iran, ranked 18th with gross national product of 918 billion dollars.
The International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. The IMF oversees the international monetary system and monitors the financial and economic policies of its members. It keeps track of economic developments on a national, regional, and global basis, consulting regularly with member countries and providing them with macroeconomic and financial policy advice. Its fundamental mission is to help ensure stability in the international system. It does so in three ways: keeping track of the global economy and the economies of member countries; lending to countries with balance of payments difficulties; and giving practical help to members.