Not publicizing economic development indicators caused by Iran's economic failure

Azerbaijan, Baku, March 15 /Trend, T.Jafarov/

The EU adviser for economic affairs believe that Iranian Central Bank's not publicizing the economic development indicators in the country since May 2008 was caused by government's economic failure.

"If Iran makes publicly available the economic development indicators (statistics), it will be possible to estimate whether the indicators are correct. Transparency will create in figures in the country's economy. And this will indicate government's economic failure," EU adviser for economic affairs Mehrdad Emadi told Trend in a telephone conversation.
According to statistics provided by the Central Bank of Iran on March 11, the inflation rate in the country makes up 10.1 percent. The monies provided to the market in 2009 totaled $235 billion. The government has liquidated subsides over the last two months and in exchange, has transferred $6 billion in cash to bank accounts of population. However, the statistics of the Central Bank of Iran do not contain GDP and economic development indicators. But last time in July 2009, the Central Bank made publicly available the economic development indicators of the first three months of 2007.
The IMF World Economic Outlook in October 2010 stated Iran's economic indicator was 1.1 percent in 2009.
Emadi believes that Iran's economy moves from partial transparency to completely non-transparency. "As the Iranian economy moves towards non-transparency, it is impossible to require a report on government's activities and assess them," Emadi said.
According to the statistics by the Iranian Customs Committee, over the ten months of the current year (the new year in Iran begins on March 21), Iran's non-oil exports (excluding gas condensate) totaled $21.5 billion or an increase of 21.4 percent as compared to the same period of the last year. During the reported period, the country's imports totaled $53 billion.
However on March 11, deputy chairman of Trade Development Organization of Iran Kiyumars Fathollahi Kermanshahi said that the volume of non-oil exports increase in the country and there are hopes that this amount, including service sector, will reach $40 billion by the end of the year. He said that given the gas condensate, the non-oil exports amounted to $29 billion over the last 11 months of the current year.
Emadi believes that not to announce economic development indicators allows the Iranian officials to say any figure that they want and this adversely affects the Iranian economy.
"If the economic development indicators are announced in accordance with the figures publicized by the state officials, the population will determine that the macroeconomic and industrial indicators do not correspond to reality, and this will show failure of the government's activities," Emadi said.
Not publicizing GDP and economic development indicators have caused dissatisfaction in the economic circles as well. Some time ago, the head of the Trade Chamber of Iran Mohammad Nahavandiyan said at the meeting of the Chamber that it is regretful that the Central Bank makes a report regarding economic development indicators of the country, but does not display anything regarding the economic development indicators of the country.

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