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Share of oil sector in Iran's GDP plummets

Finance Materials 15 June 2020 18:23 (UTC +04:00)
Share of oil sector in Iran's GDP plummets

BAKU, Azerbaijan, June 15

By Elnur Baghishov - Trend:

The share of the oil sector production in Iran's gross domestic product declined by 27.1 percent in the last Iranian year (from March 21, 2019 to March 20, 2020), Trend reports citing the Central Bank of Iran.

According to the statistics, the development of gross domestic product in the oil sector was -30 percent in quarter 1, -49.5 percent in quarter 2, 0.4 percent in quarter 3, and -12.8 percent in quarter 4 of last Iranian year.

The preceding Iranian year (from March 21, 2018 to March 21, 2019)

Quarter 1 of last Iranian year (March 21 –June 21, 2019)

Quarter 2 of last Iranian year (June 22-September 22, 2019)

Quarter 3 of last Iranian year (September 23- December 21, 2019)

Quarter 4 of last Iranian year (December 22, 2019-March 19, 2020)

The last Iranian year (from March 21, 2019 to March 20, 2020)

The growth of gross domestic product in the oil sector

21.2

-30

-49.5

0.4

-12.8

-27.1

“The share of the oil sector in gross domestic product was 7.4 percent in the last Iranian year.

The preceding Iranian year (from March 21, 2018 to March 21, 2019)

Quarter 1 of last Iranian year (March 21 –June 21, 2019)

Quarter 2 of last Iranian year (June 22-September 22, 2019)

Quarter 3 of last Iranian year (September 23- December 21, 2019)

Quarter 4 of last Iranian year (December 22, 2019-March 19, 2020)

The last Iranian year (from March 21, 2019 to March 20, 2020)

The growth of the gross domestic product in the oil sector

13

10.3

5.6

7.4

6.9

7.4

Last year, the value of the oil sector in the gross domestic product amounted to 771 trillion rials (about $18.3 billion). The table shows the prices based on the official exchange rate of Iran ($1 equals 42,000 rials).

The preceding Iranian year (from March 21, 2018 to March 21, 2019)

Quarter 1 of last Iranian year (March 21 –June 21, 2019)

Quarter 2 of last Iranian year (June 22-September 22, 2019)

Quarter 3 of last Iranian year (September 23- December 21, 2019)

Quarter 4 of last Iranian year (December 22, 2019-March 19, 2020)

The last Iranian year (from March 21, 2019 to March 20, 2020)

The growth of the gross domestic product in the oil sector

30 billion

5.02 billion

4.1 billion

4.97 billion

4.26 billion

18.3 billion

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