As can be easily inferred, this leads to a high rate of unemployment and youth unemployment, in particular.
As often happened in the past, there is also the regimes’ tendency to push the excess of working age population out of the country, also by means of war.
Considering the official data of September-October 2018, in the Shiite Islamic Republic of Iran the average unemployment rate is 12.2%.
According to the latest data, however, women’s unemployment rate is already equal to 19.8%, while the unofficial statistics of real unemployment among young people alone was 28.40% in the first quarter of 2018, with regional peaks of 35% and even 38% in some peripheral areas.
Another secondary, but inevitable effect of youth unemployment is the brain drain, as a result of which every year 150,000-180,000 graduates leave Iran.
A hidden tax that deprives Iran of 50 billion tax revenue, in addition to the loss of public (and family) costs for higher education. Continue reading “Iran’s economic crisis and the impact on its strategy – Giancarlo Elia Valori”