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Value of GDP in Iran's agricultural sector up

Finance Materials 16 June 2021 15:11 (UTC +04:00)
Value of GDP in Iran's agricultural sector up

BAKU, Azerbaijan, June 16

By Elnur Baghishov – Trend:

The value of gross domestic product (GDP) in the Iran’s agricultural sector increased by 4.5 percent over the last Iranian year (from March 20, 2020 through March 20, 2021), compared to the preceding Iranian year (from March 21, 2019 through March 19, 2020), Trend reports citing the report of Central Bank of Iran (CBI).

According to the report, the value of GDP in the agricultural sector amounted to about 513 trillion rials (about $12.2 billion) at stable prices in 2011.

“While in the preceding Iranian year, this figure was 491 trillion rials (about $11.7 billion),” the report said.

Moreover, the share of the agricultural sector in Iran's gross domestic product was 0.4 percent within last Iranian year, the report said.

As reported, the value of Iran's GDP increased by 3.6 percent in the last Iranian year, compared to the preceding Iranian year. So, the value of the GDP amounted to 6.35 quadrillion rials (about $151 billion).

Excluding oil, this figure was 5.5 quadrillion rials (about $131 billion).

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