Annual Armed Forces Day, Iran

Over the past 15 years, the authorities have placed an emphasis on the local production of domestic-consumption oriented goods such as home appliances, cars, agricultural products, pharmaceutical, etc. Today, Iran possesses a good manufacturing industry, despite restrictions imposed by foreign countries. However, nationalized industries such as the bonyads have often been managed badly, making them ineffective and uncompetitive with years. Currently, the government is trying to privatize these industries, and, despite successes, there are still several problems to be overcome, such as the lagging corruption in the public sector and lack of competitiveness. Iran ranks 69th out of 139 in Global Competitiveness Report.
Iran has leading manufacture industry in the fields of car-manufacture and transportation, construction materials, home appliances, food and agricultural goods, armaments, pharmaceuticals, information technology, power and petrochemicals in the Middle East.
• Energy
Iran ranks second in the world in natural gas reserves and third in oil reserves. It is OPEC's 2nd largest oil exporter and is an energy superpower. In 2005, Iran spent $4 billion on fuel imports, because of contraband and inefficient domestic use. Oil industry output averaged 4 million barrels per day (640,000 m3/d) in 2005, compared with the peak of six million barrels per day reached in 1974. In the early years of the 2000s (decade), industry infrastructure was increasingly inefficient because of technological lags. Few exploratory wells were drilled in 2005.