Domestic Economy

Q3 Growth at 5.7%: CBI

Q3 Growth at 5.7%: CBI
Q3 Growth at 5.7%: CBI

The Central Bank of Iran says the economy grew by 5.7% in the third quarter of the fiscal 2021-22 (ended Dec. 21, 2021).
According to the bank, the “oil industry” saw 5.4% growth, “industries and mines” 3.8% and “services” 8.1%, while “agriculture” contracted by 2.5%.
CBI had earlier reported that the economy grew by 4.1% in Q1-3 of last fiscal year (March 21-Dec. 21, 2021) year-on-year.
According to CBI, GDP growth stood at 3.4% without taking into account crude oil production during the period under review.


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