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Iran' sees surge in value of GDP in oil-gas sector

Finance Materials 20 September 2021 12:20 (UTC +04:00)
Iran' sees surge in value of GDP in oil-gas sector

BAKU, Azerbaijan, Sept. 20

By Elnur Baghishov – Trend:

The value of the gross domestic product (GDP) in Iran’s oil-gas sector increased by 23.3 percent during the first three months of the current Iranian year (March 21 through June 21, 2021), compared to the same period last Iranian year, Trend reports citing the report of Central Bank of Iran (CBI).

According to the statistics, the value of GDP in the oil-gas sector for the mentioned period amounted to about 329 trillion rials (about $7.83 billion).

Meanwhile, in the same period last Iranian year, the figure stood at 267 trillion rials (about $6.35 billion).

The share of the oil-gas sector in Iran's GDP was 1.9 percent, the statistics said.

As reported, the value of Iran’s GDP (including crude oil) amounted to 3.47 quadrillion rials (about $82.8 billion) over the first 3 months of the current Iranian year. This is an increase of 4.7 percent compared to the same period last Iranian year. So, the figure stood at 3.27 quadrillion rials (about $78 billion) in the same period last Iranian year.

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