BAKU, Azerbaijan, September 25. The value of the gross domestic product (GDP) in Iran’s services sector (trade, restaurant, transport, communication, monetary and financial institutions, professional and private, public, and so on) increased by 55 percent, during the first three months of the current Iranian year (March 21 through June 21, 2023), compared with the same time last year, Trend reports.
Within 3 months, the value of GDP in the services sector was around 14.9 quadrillion rials (about $355 billion), as indicated in the data of the Central Bank of Iran.
Meanwhile in same period last year, the figure stood at 9.59 quadrillion rials (about $228 billion).
Moreover, the share of the services sector in Iran's gross domestic product was 50 percent in 3 months.
In total, the value of Iran’s GDP (including crude oil) was around 29.8 quadrillion rials (about $708 billion) in 3 months, which is an increase of 40.3 percent compared to 21.2 quadrillion rials (about $505 billion) 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 7 years ago (March 21, 2015 through March 20, 2016), which are considered an index for the country. The information includes current prices index.
However, at the prices of 7 years ago, GDP was 3.8 quadrillion rials (about $90.5 billion) in 3 months of the current year and 1.82 quadrillion rials (about $43.3 billion) in the same period last year.
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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