Economic Growth

India becomes world’s 4th largest economy, surpasses Japan

TEHRAN, Jun. 01 (MNA) – India has overtaken Japan to become the world’s fourth-largest economy, crossing the $4 trillion mark.

Iran economy grew by 3% in year to late March: SCI

TEHRAN, Jun. 01 (MNA) – The Iranian economy expanded by 3% in the calendar year to March 20, according to figures released by the Statistical Center of Iran (SCI).

NICICO reports major rise in sales in 10-month period

TEHRAN, Feb. 12 (MNA) – National Iranian Copper Industries Company (NICICO) has reported a major increase in its domestic and international sales in the first 10 months of the current Iranian calendar year (started March 21, 2024).

IMF predicts Iran’s economy to grow by 3.1% in 2025

TEHRAN, Jan. 21 (MNA) – The International Monetary Fund (IMF) expects that Iran’s economy will continue to grow by 3.1 percent next year (2025).

Iran’s economy grows by 4% in 6-month period: SCI

TEHRAN, Dec. 03 (MNA) – The Statistical Center of Iran (SCI) has reported a 4% growth in the Iranian economy in the first half of the calendar year (started March 21, 2024).

Iran must be a role model in region: President Pezeshkian

TEHRAN, Nov. 21 (MNA) – Iranian President Masoud Pezeshkian has emphasized the need for Iran to serve as a role model in the region, citing the country's Development Vision Plan crafted in alignment with the Leader's directive.

IMF predicts economic growth, inflation reduction for Iran

TEHRAN, Nov. 02 (MNA) – The International Monetary Fund (IMF) has reassessed Iran's economic outlook, improving its forecasts for both inflation and economic growth compared to previous reports.

IMF revises up its 2024 economic growth forecast for Iran

TEHRAN, Oct. 25 (MNA) – The International Monetary Fund (IMF) has raised its economic growth forecast for Iran in 2024 amid signs the country is becoming increasingly immune to the economic impacts of US sanctions.

Iran’s economic growth hits 5.5%: Deputy economy minister

TEHRAN, Aug. 03 (MNA) – Iran’s deputy minister of economy for the economic affairs said that the country’s economic growth rate reached from -4% in 12th government to 5.5% in the 13th government which took power in August 2021.

Iran’s economy to grow 3.3% in 2024: IMF

TEHRAN, Jul. 18 (MNA) – The International Monetary Fund (IMF) predicted that Iran’s economic growth will hit 3.3 percent in 2024.

World Bank predicts Iran's economic growth in 2024

TEHRAN, Jul. 13 (MNA) – The World Bank (WB), in its latest report, predicted Iran’s economic growth in 2024.

Iran’s annual economic growth hits 4.5%: CBI

TEHRAN, Jun. 24 (MNA) – Iran's gross domestic product (GDP) including oil grew 4.5 percent in the previous Iranian calendar year (ended on March 19), compared to a year earlier, according to the Central Bank of Iran (CBI).

Iran seventh largest raw steel producer of world in May: WSA

TEHRAN, Jun. 22 (MNA) – The World Steel Association announced in its latest report that Iran's monthly production of raw steel in May 2024 increased by 2.1 percent compared to the same month in 2023, reaching 3.3 million metric tons.

In first month of new Iranian year:

Iran's foreign trade increases by nearly 48%

TEHRAN, May 02 (MNA) – Iran's foreign trade, including crude oil, gas condensate, technical engineering, and electricity services, increased by 47.63 percent and reached 10.420 billion dollars in the first month of the current Iranian year (1403).

Minister says Iran automakers to increase production by 20%

TEHRAN, Apr. 27 (MNA) – The Iranian Industry, Mining, and Trade Minister said that the domestic automakers produce 5,000 vehicles each day, adding that Iran is trying to increase this figure by 20%.

Iran’s export of agricultural products up 13% in 10 months

TEHRAN, Mar. 13 (MNA) – Iran’s export of agricultural products in the first 10 months of the current Iranian calendar year (started March 21, 2023) registered a 13% growth compared to the same period last year, the agriculture minister said.

Raeisi highlights role of tourism in Iran's economy

TEHRAN, Feb. 12 (MNA) – The Iranian president on Monday attached great importance to the role of tourism in the economy, calling for stepped-up investment in the tourism sector in Iran's economy.

Iran's economy grew by 5.4% in 2023: IMF

TEHRAN, Jan. 30 (MNA) – The International Monetary Fund (IMF) has announced that Iran’s economy grew by 5.4% in 2023.

Iran’s grain output surpasses 23 million tons in 2023

TEHRAN, Jan. 27 (MNA) – The grain production in Iran exceeded 23 million tons in 2023, registering a more than three-percent growth compared to a year earlier, according to the statistics of the US Department of Agriculture.

Average sales of Iran's top 100 companies grow by 18%

TEHRAN, Jan. 22 (MNA) – Iran’s Economy Minister Ehsan Khandouzi said the average sales of the country’s top 100 companies have grown by 18 percent

UNIDO:

Iran's industrial growth exceeds that of 164 states in 2022

TEHRAN, Jan. 20 (MNA) – Figures by the United Nations Industrial Development Organization (UNIDO) shows that the growth in Iran's value-added industrial production in 2022 reached 6.5%, exceeding that of 164 states in the world.

World bank puts Iran’s economic growth in 2023 at 4.2%

TEHRAN, Jan. 10 (MNA) – The World Bank (WB) in its latest report put Iran’s economic growth in 2023 at 4.2 percent, which is twice higher than that of the average economic growth in the Middle East and North Africa (MENA) region.

Over 33.86m car tires produced in 9 months

TEHRAN, Jan. 09 (MNA) – Iranian tire manufacturers produced 33,868,349 car tires in the first nine months of Iranian calendar year, indicating a one percent rise as compared to the number of tires produced in the same period in the previous year.

Iran's biggest seamless steel pipe factory opened in Abhar

TEHRAN, Jan. 06 (MNA) – Iran’s biggest seamless steel pipe factory has been inaugurated in Abhar County, Zanjan province, northern Iran, in the presence of Minister of Industry, Mine, and Trade Abbas Aliabadi.

Nearly 900 closed industrial units reopened since late March

TEHRAN, Dec. 27 (MNA) – Head of Iran Small Industries and Industrial Parks Organization (ISIPO) Farshad Moghimi said that 897 idle industrial units have been revived in the country’s industrial parks and zones since March 21.

Iran plans to export freight railroad cars

TEHRAN, Dec. 20 (MNA) – With the increasing record of rail transit, Iran is to import passenger railroad cars and locomotives, while exporting domestically manufactured freight railroad cars.

Oil products exchanges in Khuzestan up 20% in 2023: Official

TEHRAN, Dec. 16 (MNA) – The director general of the Ports and Maritime Department in Khuzestan province said that the exchanges of oil products in the current Iranian calendar year in the Iranian southwestern province registered a 20 percent growth.

Transit of goods via Iran up over 28% in 8 months on year

TEHRAN, Nov. 29 (MNA) – Transit of commodities through Iran increased by 28.2 percent during March 21-November 21, as compared to the same period of time in the past year, the deputy transport minister announced.

Iranian experts develop solution to produce ferrovanadium

TEHRAN, Aug. 15 (MNA) – Experts at a research institute associated with Iran mining and metals company IMIDRO have developed a home-grown solution to produce ferrovanadium, an alloy that can harden steel and improve its anti-corrosive qualities.

Iran eyes economic growth of 8% in its 5-year vision plan

TEHRAN, May 22 (MNA) – Iran has set a target to reach an average economic growth rate of 8% between 2023 and 2028 as part of a new vision plan unveiled by the government.