Domestic Economy
0

Iran's Q1 Growth Driven by Agro Sector

The significant boost in agricultural production owes largely to abundant rainfall at the beginning of the year, which increased crop yields
Iran's Q1 Growth Driven by Agro SectorIran's Q1 Growth Driven by Agro Sector

A solid increase in agricultural production has been the main driver of economic growth registered in the first quarter of the current Iranian year (started March 21).
Central Bank of Iran's Governor Abdolnasser Hammati announced on Friday that growth has returned to Iran's non-oil sector.
"The first three months of the year [13]98 [current Iranian year] saw the non-oil sector, which is the productive sector of the economy, grow 0.4% compared with the corresponding period of [13]97 [the previous Iranian year]," the CBI chief wrote in a piece published on the central bank's website.
The Persian economic daily Donya-e-Eqtesad’s estimates indicate that with 6.5%, the agriculture sector registered the highest growth among Iran's economic sectors in Q1. The rate for last year's corresponding period stood at 0.3%.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com