Azerbaijan , Baku, March 1 /Trend, A.Yusifzade /
Iranian President Mahmoud Ahmadinejad said the country's Gross Domestic Product (GDP) has exceeded $475 billion per year, Iran Daily web site reported.
Iran 's GDP in 2009 was $343 billion, according to the International Monetary Fund.
The Iranian head of state also said the 5.2-million-ton reduction in wheat consumption, following the implementation of his administration's 'targeted subsidies' economic plan, must be covered in other agricultural areas.
"This volume of reduction in wheat consumption should be transformed into food products that create value added for their producers," ISNA quoted the president as saying on Monday.
Last November, Ahmadinejad forecasted that the country's annual production of agricultural goods would exceed 200 million tons in four years.
He said that some of the world's agricultural products have become key components of national security and urged Iranian farmers to cultivate more land.
"Iranian farmers have the ability to produce three times more than what they produce now. Almost 18 million hectares of the 36 million hectares of arable land is cultivated in the country," Ahmadinejad concluded.
ISNA news agency cited the January report of The Economist predicting Iranian GDP would continuously go up in the next 5 years.
The GDP rate stood at 0.65 percent last year, but it has increased to 0.68 percent this year, and it will exceed to 0.73 percent next year, according to the report.
In five years Iran's GDP will reach 0.92 percent, according to the Economist.
In five years the GDP of the Islamic Republic will reach $767.2 billion, the report said.