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Value of GDP in Iran's agricultural sector goes up

Iran Materials 22 September 2024 03:29 (UTC +04:00)
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, September 22. The value of GDP in Iran's agricultural sector increased by 30.8 percent during three months of the current Iranian year (from March 20 through June 20, 2024) compared to the same period of last year (from March 21 through June 21, 2023).

The data obtained by Trend from the country's Central Bank showed that the value of GDP in Iran's agricultural sector during the three months amounted to about 4.72 quadrillion rials (about $10.7 billion) in current prices. However, in the same period last year, the figure was 3.6 quadrillion rials (about $8.23 billion).

Statistics show that the share of the agricultural sector in Iran's GDP amounted to 12 percent.

However, the value of GDP for three months, including crude oil, amounted to 39 quadrillion rials (about $90.5 billion) at current prices. Iran's GDP value increased by 3.17 percent over three months, if crude oil is counted, compared to the same period last year.

To note, the Central Bank of Iran announced the GDP statistics in both current prices and eight-year-old prices (from March 21, 2015, through March 20, 2016), which are considered an index for the country. The information includes current prices.

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