64925
CBI: Double-Digit GDP Growth Expected
Economy, Domestic Economy

CBI: Double-Digit GDP Growth Expected

The Central Bank of Iran said it is expecting a double-digit economic growth for the last fiscal year that ended on March 20, 2017.
Latest statistics on Iran’s GDP growth pertain to the nine months of fiscal 2016-17 and growth rate for the entire year has yet to be released by authorized bodies.
Both CBI and SCI are in charge of releasing periodical statistics on macroeconomic indices, which often differ from one another, IRNA reported.
Latest data on major industrial units’ production, as well as the number of construction permits issued in urban areas, indicate a growing trend in industrial and construction activities, members of CBI’s Money and Credit Council unanimously declared in a recent meeting while discussing Iran’s economic developments.
CBI said the Iranian economy grew 11.9% during the three quarters of 2016-17, noting that without taking the oil sector into account, the growth rate stands at 1.9%.
The oil sector expanded 65.4% during the nine-month period, thanks to higher crude production and exports following the lifting of sanctions, CBI reported.
It added that the sectors of agriculture, industries, mining and services grew by 4.2%, 5.8%, 0.2% and 2.4% respectively while construction saw a negative growth of 17.1%.  
SCI has put the nine-month GDP growth at 7.2% including the oil sector and 5% excluding it, saying the industrial, agricultural and services sectors grew by 0.5%, 5.7% and 5.4% respectively.

 

Short URL : https://goo.gl/pb4TWM
  1. https://goo.gl/Eukwir
  • https://goo.gl/de3TdF
  • https://goo.gl/4EPogY
  • https://goo.gl/vvhSL3
  • https://goo.gl/78EiaK

You can also read ...

Airbus, Boeing Executives to Visit Next Week
Executives from aircraft manufacturers Airbus and Boeing are...
The budget bill proposes a threefold increase in the departure tax.
The dramatic increase in the departure tax proposed by the...
Shahid Rajaee Special Economic Zone, which has loading/unloading capacity of 100 million tons, accounts for over 55% of Iran's trade and 70% of transit.
Iran’s biggest container port near the Strait of Hormuz,...
TEDPIX gained 1,076.50 points or 1.18% to end trade at 92,628.9, the highest it has ever been.
Tehran Stock Exchange's main index broke above the 92,000...
Tehran to Host Chandeliers Expo
The 25th International Exhibition of Chandeliers and...
t-Lounge by Dilmah was officially launched in Tehran’s Sam Center by Dilmah Founder Merrill Joseph Fernando.
Dilmah Tea, the world-renowned producer-owned tea brand,...
The rial had weakened to its all-time low in the past week, reaching 42,000 per dollar before gaining some ground.
Governor of the Central Bank of Iran Valiollah Seif tamped...
The 11th World Trade Organization meeting concludes in Buenos Aires, Argentina, on Dec. 13.
An Iranian delegation attended the 11th World Trade...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus