...

Value of Iran’s GDP decreases

Business Materials 6 December 2020 12:04 (UTC +04:00)
Value of Iran’s GDP decreases

BAKU, Azerbaijan, Dec. 6

By Elnur Baghishov – Trend:

The value of Iran's gross domestic product (GDP) decreased by 1.9 percent during the first six months of the current Iranian year (from March 20 through September 21, 2020) compared to the same period last Iranian year, Trend reports referring to the Ministry of Industry, Mine and Trade of Iran.

According to the report, the value of the gross domestic product was 3.44 quadrillion rials (about $82 billion) in six months, according to the stable prices in 2011.

"While in the same period last Iranian year, this figure was 3.51 quadrillion rials (about $83.5 billion)," the report said.

According to the report, the value of Iran's gross domestic product, excluding crude oil, was 3 quadrillion rials (about $71.4 billion).

However, the value of the gross domestic product, excluding crude oil, was 3.04 quadrillion rials (about $72.3 billion) in the same period last Iranian year," the report said.

According to the report, the value of Iran’s GDP in the agricultural sector (cultivation, horticulture, livestock, fishing) increased by 1.7 percent.

Furthermore, the value of GDP in industrial and mining sectors decreased by 0.7 percent. Thus, the extraction of crude oil and gas decreased by 5.9 percent, the extraction of mining materials increased by 1.6 percent, industrial sector increased by 0.1 percent, energy sector increased by 5.4 percent and the construction sector increased by 2 percent.

"At the same time, the value of GDP in services sector (wholesale and retail, transportation, postal, communication, finance and insurance, etc.) decreased by 3.5 percent," the report said.

Tags:
Latest

Latest