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SCI Reviews Iranian Economy for Second Fiscal Quarter

SCI Reviews Iranian Economy for Second Fiscal Quarter
SCI Reviews Iranian Economy for Second Fiscal Quarter

The Statistical Center of Iran’s new report reviews Iran’s economy in the second quarter of the current fiscal year (June 21-Sept. 21). 
Highlights of the report followed by more details culled from the center’s earlier report are as follows:
1. Gross domestic product (when constant prices of the year ending March 2012 are used) stood at 1,798,755 billion rials (about $70 billion) in Q2, indicating a 0.2% growth compared with the corresponding period of last year. Economic growth, excluding oil, saw a 0.2% decline.
The agriculture sector saw a 2.7% expansion; industries and mining grew by 4% while industries and mining sector, excluding oil expanded by 4.2%. The services sector, however, contracted by 3% in Q2. 

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