Reducing the reliance of Iran’s economy on oil revenues and increasing the share of non-oil sector in economic growth have been one of the most frequently discussed subjects among experts.
Statistics, however, show that the growth of Iran’s economy in recent years, particularly in the 2010s, was mainly due to the sale of oil. These were stated by Vahid Shaqaqi-Shahri, an economist, in a write-up for the Persian daily Jahan-e Sanat. A translation of the text follows:
Oil sale has been the most effective factor in boosting economic growth whether in the fiscal 2016-17 when Iran’s economy grew by 12.5% following the conclusion of the Joint Comprehensive Plan of Action and international interactions with the West, or in recent years when we saw negative or close to zero economic growth due to sanctions.
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