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Iran’s economy shrank 2 per cent in first half of current solar year: Statistical Center

Business Materials 25 February 2014 19:03 (UTC +04:00)

Baku, Azerbaijan, Feb.25

By Fatih Karimov - Trend: The Statistical Center of Iran has said that the national economy shrank 2 percent in the first half of the current Iranian calendar year (March 21-September 21, 2013), the Mehr News Agency reported on February 25.

However, the economy's contraction was minus 1.7 per cent excluding the oil sector.

The table below shows growth rates of different sectors of the economy.

Sector

Growth rate (% based on 1997 prices)

Agriculture

2.1-

Industry

5.4-

Services

0.6-

GDP

2.0-

GDP (excluding oil)

1.7-

Edited by C.N.

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