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Iran non-oil GDP growth reaches 0.9%

Business Materials 19 May 2016 10:43 (UTC +04:00)

Baku, Azerbaijan, May 19

By Emil Ilgar - Trend:

Iran's non-oil GDP growth reached 0.9 percent during the last fiscal year (ended on March 21), said the Statistic Center of Iran May 19.

According to the report, the growth in agriculture and service sector was 5.4 percent and 0.2 percent respectively, while the industrial sector decreased by 2.2 percent during the last fiscal year.

The report didn't mention the total GDP growth, but according to the latest report of the International Monetary Fund, Iran's GDP growth for 2015 stood at zero, and it is expected to reach 4 percent in 2016.

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