Domestic Economy

Reviewing Share of Oil in Iran's Economy

Reviewing Share of Oil in Iran's EconomyReviewing Share of Oil in Iran's Economy

The share of oil in gross domestic product, budget and its contribution to export revenues is measured to determine a country's reliance on oil income, according to a report by Tehran Chamber of Industries, Mines, Trade and Agriculture. 
The latest statistics released by the Central Bank of Iran shows oil revenues accounted for 19.6% of GDP in the first quarter of the current Iranian year (March 21-June 21). 
Oil’s share in the Iranian government budget’s public revenues was at 37% in Q1 and 37.8% in Q2 (June 22-Sept. 22) while exports of crude oil and oil products constituted 66.3% of the country’s overall exports of goods and services and 71.5% of the country’s total exports in Q1.


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