NAM accounts for 14% of world’s total GDP

TEHRAN,Aug.27(MNA) - The gross domestic product (GDP) of the member states of the Non-Aligned Movement (NAM) accounted for 14 percent of the world’s total 69 trillion rials GDP in 2011, the IRNA News Agency quoted a report by the International Monetary Fund. Iran’s GDP amounted to $482 billion, equaling some 5 percent of the total $9.9 trillion GDP of the NAM, according to the report. Iran is the fourth largest country in the NAM in terms of GDP, next to India, Saudi Arabia, and Indonesia with $1.67 trillion, $845 billion, and $577 billion GDP in order. Trade between Iran and other members of the NAM amounted to around $43 billion in the past Iranian calendar year, which ended on March 19, accounting for almost $40 percent of Iran’s total $105 billion in non-oil trade. Iran exported $19.7 billion non-oil goods to NAM member states, while imported $24.1 billion worth of goods last year. Iraq, the UAE, India, and Afghanistan were the main importers of Iranian goods. The UAE, India, Malaysia, and Oman were the major exporters to Iran. It should be noted that China, Russia, Brazil, Mexico, Kazakhstan, Argentina, the Netherlands, Serbia, and Ukraine are among the observer members of NAM which also have trade ties with Iran. NAM is second largest international organization after the United Nations, made up of 120 countries, with an additional 21 observer states. The XVI Summit of the Non-Aligned Movement opened in Tehran on Sunday and will last till Friday.