The construction sector grew by 7% in the first half of the current fiscal year (March 21-Sept. 22) compared with last year’s corresponding period, latest data released by the Statistical Center of Iran show.
SCI had put the sector’s growth in the fiscal 2020-21 at 6.3%.
The sector’s GDP stood at 163.179 trillion rials ($543.9 at the exchange rate of 300,000 rials per dollar) in H1 to account for 4.5% of total gross domestic product during the period.
A report by Research and Markets expects Iran’s construction output to expand by 1.8% in 2021, before registering an annual average growth of 3.3% between 2022 and 2025.
December 14, 2021 19:39
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Construction Growth at 7% in H1
The sector’s GDP stood at 163.179 trillion rials ($543.9 at the exchange rate of 300,000 rials per dollar) during March 21-Sept. 22 to account for 4.5% of total gross domestic product
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