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Annual Armed Forces Day, Iran
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Annual Armed Forces Day, Iran

Since the Iranian Revolution, to overcome foreign embargo, Iran has developed its own military industry, produced its own tanks, armored personnel carriers, guided missiles, submarines, military vessels, guided missile destroyer, radar systems, helicopters and fighter planes. In recent years, official announcements have highlighted the development of weapons such as the Hoot, Kowsar, Zelzal, Fateh-110, Shahab-3 and Sajjil missiles, and a variety of unmanned aerial vehicles (UAVs). The Fajr-3 (MIRV) is currently Iran's most advanced ballistic missile, it is a liquid fuel missile with an undisclosed range which was developed and produced domestically.
Economy
The economy of Iran is the eighteenth largest economy in the world by purchasing power parity (PPP). Iran's economy is a mixture of central planning, state ownership of oil and other large enterprises, village agriculture, and small-scale private trading and service ventures. Its economic infrastructure has been improving steadily over the past two decades but continues to be affected by inflation and unemployment. In the early 21st century the service sector contributed the largest percentage of the GDP, followed by industry (mining and manufacturing) and agriculture. In 2006, about 45% of the government's budget came from oil and natural gas revenues, and 31% came from taxes and fees.

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Album name:People & Humanity
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Keywords:#annual #armed #forces #day #iran
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Date added:Apr 21, 2010
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