Domestic Economy

The average annual inflation gap measured by the Statistical Center of Iran among income deciles stood at 3.4% in the first Iranian month (March 20-April 19), indicating a 0.7 percentage point…

A total of 27.03 million tons of direct reduced iron were produced in Iran in the last fiscal year that ended on March 19, 7% more compared to the year before. Latest data released by the…

The agriculture sector accounts for 19% of Iran’s total employment, which are equivalent to four million jobs, says First Vice President Esh'aq Jahangiri. According to Jahangiri, agricultural…

The average Consumer Price Index of tobacco in the 12-month period ending April 19, which marks the end of the first month of the current Iranian year, increased by 23.9% compared with the…

The government permitted the import of 3 million tons of wheat in January, 1.6 million tons of which have so far been unloaded in Iranian ports.  Some 400,000 tons have also arrived and…

Iran exported to 128 countries, including 40 European, 21 Asian, 28 African and 12 American countries, and imported from 112 countries, including 41 European, 31 Asian, 12 American and 11…

The Statistical Center of Iran provides two figures for the youth unemployment rate: the proportion of the population between 15-24 years and those between 18-35 years.

All border crossings in West Azarbaijan Province are open to trade with neighboring countries, a local customs official said. Tohid Azarbod added that amid the coronavirus outbreak, customs…

Iranian steel mills produced a total of 8.48 million tons of crude steel during the first three months of 2020, which indicates a 42.3% rise compared with last year's corresponding period, the…

An ambitious project was inaugurated at South Aluminum Corporation (SALCO), located in the city of Lamerd, Fars Province, on Thursday. The project will boost Iran’s aluminum production capacity…

Iran’s mineral reserves currently stand at 50 billion tons and new explorations are expected to increase the figure by 20% to 60 billion tons by the end of the current fiscal year (March 2021),…

The third shipping route between Iran and Oman will be launched in the coming days, says Hamid Zadboum, the head of Ports and Maritime Organization. 

The government could see a decline of 400 trillion rials ($2.46 billion) in tax revenues as a result of the new coronavirus disease, COVID-19, if the economic effects of the pandemic on…

The novel coronavirus has inflicted losses worth 39,500 billion rials ($243 million) on the consumption and export sectors of Iran’s food and agriculture industry, a report by the research arm…

Sangan Iron Ore Complex in Khaf County of Khorasan Razavi Province extracted 8.38 million tons of iron ore during the last Iranian year that ended on March 19, 2020, to register a 53% rise…

A total of 129,134 tons of commodities were exported from Abadan County’s three commercial ports, namely Arvandkenar, Abadan and Chavibdeh, during the last Iranian year (March 2019-20), which…

Parliamentarians on Tuesday approved Clause 65 of the Value Added Tax Bill that includes setting penalties for offences committed by tax inspectors. 

The Iranian government needs to use debt instruments such as issuing bonds to finance its fight against the novel coronavirus, says Hossein Abbasi, a lecturer in the University of Maryland’s…

The employment rate stood at 37.8% (23.43 million) in the fourth quarter of the current Iranian year (Dec. 22, 2019-March 19), down 0.4% compared with the same quarter of the last Iranian year,…

Iranian steelmakers produced 47.42 million tons of semi-finished and finished steel products in the last Iranian year that ended on March 19, 2020, to register a 8.37% increase compared to the…

Iran’s two major coal producers had a total output of 664,568 tons of coal concentrates during the last Iranian year that ended on March 19, 2020, registering a 9.22% decline compared to the…

A total of 20,000 people received loans for setting up home-based businesses in the last Iranian year (March 2019-20), which led to the creation of 35,000 jobs, an official with the Ministry of…

RAJA Rail Transportation Company has resumed the sale of tickets to passengers.  In order to prevent the transmission of the novel coronavirus and observe health protocols, each wagon will…

A total of $50 million worth of hand-woven carpets were exported in the last Iranian year (March 2019-20), registering a 90% decline compared with the previous year.  In fact, last year…

Around 12 million tons of minerals were extracted from mines in Bushehr Province in the last Iranian year that ended on March 19, 2020, according to the head of Bushehr Industries, Mining and…