Situated in South Asia, the Islamic Republic of Iran shares borders with Afghanistan, Armenia, Azerbaijan, Iraq, Pakistan, Turkey, Turkmenistan, as well as the Caspian Sea, the Gulf of Oman and the Persian Gulf. Between 2006-2011, the country’s population growth averaged 1.3 per cent per annum. As of 2012, approximately 72 per cent and 28 per cent of Iranian people resided in urban and rural locales, respectively. Iran is a moderately youthful country, as roughly one-third (31.5 per cent) of the population is between the ages of 15 to 29 and almost one-fourth (23.4 per cent) is 14 or younger. Regarding Iran’s GDP, the country’s economy, from 2006-2012, vacillated between growth and retraction. At the start of the millennium, GPD per capita was estimated at US$ 1,096; however, in 2011 the same economic indicator was calculated to be US$ 6,869