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Value of Iran's GDP, including crude, increases

Business Materials 11 March 2023 14:11 (UTC +04:00)
Value of Iran's GDP, including crude, increases
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, March 11. The value of Iran's Gross Domestic Product (GDP), including crude oil, increased by 3.3 percent, during the first nine months of current Iranian year (March 21, 2022 through December 21, 2022), compared to the same period last Iranian year, Trend reports citing the Statistical Center of Iran.

According to the statistics, the value of Iran’s GDP (including crude oil) amounted to 5.83 quadrillion rials (about $139 billion) in 9 months.

Meanwhile, in the same period last Iranian year, the figure stood at 5.64 quadrillion rials (about $134 billion).

In addition, the value of Iran's GDP (excluding crude oil) increased by 2.9 percent for 9 months compared to the same period last Iranian year.

“So, the value of Iran’s GDP (excluding crude oil) amounted to 5 quadrillion rials (about $38.4 billion) during 9 months, while in the same period last Iranian year, this figure amounted to approximately 4.86 quadrillion rials (about $116 billion),” the statistics said.

Within 9 months, Iran recorded a 5.6-percent increase in the value of GDP in the oil-gas sector, a 9.5-percent increase in the energy sector, a 2.6-percent increase in the service sector, a 5.1-percent increase in the industrial sector, a 0.9-percent increase in the mining sector, while a decrease of 2.2 percent in the construction sector, 4.3 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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