The Statistical Center of Iran forecasts a 7.2% decline in Iran's GDP for the current fiscal year (ending March 19), adding that economic growth is expected to stand at 0%, excluding oil production.
The economic output of the agriculture sector has been forecast to grow by 3%, crude oil and natural gas by -37%, industries and mines (excluding oil) by 2.2% and services sector by 0.1% in the current year compared with last year, Fars News Agency reported.
SCI's latest report on Iran's economic growth showed Iran's gross domestic product, excluding oil production, recorded a positive growth rate of 0.9% in the third quarter of the current fiscal year (Sept. 23-Dec. 21).
The overall GDP growth, including oil production, stood at -1.7% during the period, new data provided by Javad Hosseinzadeh, the head of Statistical Center of Iran, show.
The sectors of agriculture, industries and mines, as well as services, registered growth rates of -1.4%, -1.9% and -0.7% respectively in Q3, Fars News Agency reported.
Q1-3 economic growth has been put at -7.6%. Without taking oil into account, the figure stands at 0%.
The sectors of agriculture, industries and mines, as well as services, registered growth rates of 3.2%, -16.6% and -0.2 respectively for the Q1-3 period.
The governor of the Central Bank of Iran said on Sunday the economy grew by 1.2% in Q3, adding that without taking oil production into account, the growth stood at +3.3%.
According to Abdolnasser Hemmati, the sectors of agriculture, industry and mines, as well as services, grew by 7.8%, 7% and 1.2% respectively. He put economic growth, sans oil, during the nine-month period to Dec. 21 at +1.3%.
