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Iran sees increase in GDP

Business Materials 20 December 2022 11:31 (UTC +04:00)
Iran sees increase in GDP
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, December 20. The value of Iran's Gross Domestic Product (GDP), including crude oil, increased by 3.3 percent, during the first six months of current Iranian year (March 21 through September 22, 2022), compared to the same period last Iranian year, Trend reports citing the statistics of Statistical Center of Iran.

According to the statistics, the value of Iran’s GDP (including crude oil) amounted to 3.87 quadrillion rials (about $92.1 billion) in 6 months.

Meanwhile, in the same period last Iranian year, the figure stood at approximately 3.74 quadrillion rials (about $89.2 billion).

In addition, the value of Iran's GDP (excluding crude oil) increased by 3.4 percent for 6 months compared to the same period last Iranian year.

“So, the value of Iran’s GDP (excluding crude oil) amounted to approximately 3.33 quadrillion rials (about $79.2 billion) during the reporting period, while in the same period last Iranian year, this figure amounted to approximately 3.22 quadrillion rials (about $76.6 billion),” the statistics said.

Iran reached an increase of 3.2 percent in the value of GDP in the oil-gas sector, 12.9 percent in the energy sector, 2.6 percent in the services sector, 4.9 percent in the industrial sector, while a decrease of 1.6 percent in the construction sector and 2.2 percent in the agriculture sector.

Both the Central Bank of Iran and the Statistical Center of Iran provide statistics on GDP in the country, however, there is always a difference in the figures.

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