Apr 4, 2010, 7:39 PM

Iran's GDP growth at $55.5b: The Economist

TEHRAN, Apr. 4 (MNA) – The Economist stated in its latest report that Iran's Gross Domestic Product (GDP) in the current calendar year (began March 21, 2010) would rise by $55.5 billion, adding that the GDP figure would double in the next five years.

ISNA news agency quoted The Economist's February 2010 report stating that GDP in Iran had increased from $361.3 billion dollars last year to $416.7 billion in the current year.

The report estimated that the steady increasing trend of GDP in Iran would continue to reach the figure to $701.9 billion in 2013.

GDP is a measure of economic activity in a country calculated by adding the total value of a country's annual output of goods and services.

MRK/MG

END

MNA

News ID 39187