Q3 Business Environment Worsens 

The National Business Environment Index, measured by Iran Chamber of Commerce, Industries, Mines and Agriculture, stood at 6.05 in the third quarter of the current Iranian year (Sept. 23-Dec. 21, 2022) to register a 0.17 percentage point or 2.89% increase compared with the preceding quarter, and a 0.11 percentage point or 1.78% increase compared with the corresponding quarter of last year.
The index measures business friendliness of Iran’s economy, with 10 indicating the worst grade and a decline showing an improvement in the business environment.
The ICCIMA index is fashioned after World Bank’s discontinued “Ease of Doing Business” index, a tool formerly used to measure the cost of doing business in countries.
Iran’s National Business Environment index stood at 5.88 in Q2 (June 22-Sept. 22) and 6.07 in Q1 (March 21-June 21), according to the findings of the 25th edition of this report.