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Value of GDP in Iran’s agricultural sector soars

Business Materials 25 December 2023 11:46 (UTC +04:00)
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, December 25. The value of the gross domestic product (GDP) in Iran’s agricultural sector grew by 39.9 percent in the first six months of the current Iranian year (March 21 through September 22, 2023), compared with the same time last Iranian year, Trend reports.

According to the data from Iran’s Central Bank, the value of GDP in the agricultural sector for 6 months was 12.5 quadrillion rials (about $299 billion) at current prices.

In the corresponding period of the previous Iranian year, the figure stood at 8.96 quadrillion rials (about $213 billion).

At the same time, the share of the agricultural sector in Iran's gross domestic product was 18.5 percent in six months.

In total, the value of Iran’s GDP (including crude oil) was around 67.8 quadrillion rials (about $1.62 trillion) in six months, which is an increase of 37.8 percent compared to 49.3 quadrillion rials (about $1.17 trillion) in the same period last year.

The Central Bank of Iran announced the GDP in statistics both at current prices and at the prices of seven years ago (March 21, 2015 through March 20, 2016), which are considered an index for the country. The information includes current prices.

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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