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Iran records increase in value of GDP in oil-gas sector

Business Materials 22 December 2022 14:51 (UTC +04:00)
Iran records increase in value of GDP in oil-gas sector
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, December 22. The value of the gross domestic product (GDP) in Iran’s oil-gas sector increased by 6.63 percent, during the first six months of the current Iranian year (March 21 through September 2022), compared to the same period last Iranian year, Trend reports via the statistics of Central Bank of Iran (CBI).

According to the statistics, the value of GDP in the oil-gas sector for 6 months amounted to 644 trillion rials (about $15.3 billion).

Meanwhile, in the same period last Iranian year, the figure stood at 604 trillion rials (about $14.4 billion).

The share of the oil-gas sector in Iran's GDP was 0.5 percent.

In total, the value of Iran’s GDP (including crude oil) amounted to 7.75 quadrillion rials (about $184 billion) within the first 6 months of the current Iranian year. This is an increase of 2.97 percent compared to the same period last Iranian year. So, the figure stood at 7.52 quadrillion rials (about $179 billion) in the same period last Iranian year.

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