Officials give different rates for Iran's GDP
Azerbaijan, Baku, Feb. 21/ Trend M. Moezzi
According to the officials' information, Iran's annual economic growth rate for 2010/2011 ranged from 10 percent annually to 5.5 percent, the Alef website reported.
Last summer, President Ahmadinejad said that Iran's economy increased by 10 percent. This January, when Mr. Ahmadinejad turned in his budget, he cited a 7.3 percent (non-oil related) growth rate for the country last year (Iran's solar year ends on March 20).
Last week, the Iranian Central Bank chief, Mahmoud Bahmani, announced that the 2010/2011 growth rate was 5.5 percent.
Meanwhile, the country's minister of economy reported that the growth rate was 6.1 percent excluding oil and 5.8 percent when oil was included.
The difference of 4.5 percent between the highest and lowest figures is significant. A one percent change in the country's rate of growth equals tens of billions of dollars in the country's gross domestic product (GDP).