Domestic Economy

Q1-3 Economic Growth at 2.2%: CBI

Q1-3 Economic Growth at 2.2%: CBI
Q1-3 Economic Growth at 2.2%: CBI

Preliminary estimates by the Central Bank of Iran show Iran’s gross domestic product in the first nine months of the current Iranian year (started March 20, 2020), using constant prices of the year ending March 2012, stood at 4,806 trillion rials ($19.37 billion) compared with 4,704 trillion rials ($18.96 billion) of the corresponding period of last year, registering a 2.2% year-on-year growth. 
Economic growth, excluding oil, expanded by 1.9% to reach 4,190 trillion rials ($16.89 billion) during the period under review, according to CBI.
The central bank’s sectoral breakdown of growth rates shows that “agriculture”, “oil” and “industries and mining” groups experienced a respective growth rate of 4.6%, 3.9% and 6%. 
The services sector was the main laggard with a 0.3% contraction. 


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