Iran enjoys 4.4% economic growth in 1st quarter

TEHRAN, Aug. 15 (MNA) – Statistical Center of Iran (SCI) has reported that the country’s GDP, excluding oil, reached 4.4 per cent in the first quarter of the current Iranian year (began March 20).

CSI announced on Sunday that Iran’s constant-price Gross Domestic Product (GDP) stood at about 6.7 billion dollars including oil and 5.4 billion dollars excluding oil.

The figures indicate a 4.4 increase in the country’s real GDP as compared with the same period in the previous year.

The results imply that in the spring of the current year, agriculture, industry, services grew by 4, 8.8, and 2.9 per cent, respectively while the growth of industry section has been mainly due to the uplift in exports of crude oil and natural gas.

Seasonal calculations in the Statistical Center of Iran (CSI) are carried out in the 15 main sections and 43 subcategories.

In his recent provincial visit to the southern province of Kohgiluyeh and Boyerahmad, President Hassan Rouahni said when he assumed the position the economy was suffering from a negative growth of 6.8 per cent while it has now climbed to 4.4 per cent.


News Code 118927


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