Iran’s economy grew 3.2 per cent in 2011

Business Materials 4 January 2012 14:40 (UTC +04:00)

Azerbaijan, Baku, Jan. 4/ Trend M. Moezzi

A monthly economic report from Iran shows a 3.3 per cent growth rate in the third quarter of 2011, the Islamic Republic News Agency (IRNA) reports.

The report also shows a current inflation rate of 22.1 per cent and a 26.9 per cent inflation rate in 2011.

The economic report put Iran's unemployment rate at 18.5 per cent which differs from the 11.1 per cent figure released by the Statistical Centre of IIran.

The monthly economic report said Greece's unemployment rate was 18.5 per cent, while Spain's is 22.5 per cent and South Africa, 25 per cent.