The share of oil in gross domestic product, budget and its contribution to export revenues is measured to determine a country's reliance on oil income, according to a report by Tehran Chamber of Industries, Mines, Trade and Agriculture.
The latest statistics released by the Central Bank of Iran shows oil revenues accounted for 19.6% of GDP in the first quarter of the current Iranian year (March 21-June 21).
Oil’s share in the Iranian government budget’s public revenues was at 37% in Q1 and 37.8% in Q2 (June 22-Sept. 22) while exports of crude oil and oil products constituted 66.3% of the country’s overall exports of goods and services and 71.5% of the country’s total exports in Q1.
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