Iran unveils details of its GDP growth
Baku, Azerbaijan, Jan. 7
By Fatih Karimov – Trend:
Iran's economic growth based on prices in the Iranian fiscal year of 1376 (March 1997-March 1998) increased by 6.5 percent during the first half of the current fiscal year (started on March 21, 2016) compared to the same period of preceding year.
The country's GDP (including the oil sector) reached 331.861 trillion rials (about $10.25 billion based on official rate of 32,370 rials per each USD) during the period, the Statistical Center of Iran reported Jan. 7.
Iran's GDP (excluding the oil sector) stood at 316.334 trillion rials during the 6-month period indicating a 4.5 percent growth year on year.
The report covers data on a wide range of economic sectors, such as agriculture, oil, mining, industry, construction, services, trade, hospitality, finance and credit, and transportation sectors.
Growth of the industry sector (including mining and construction) stood at 9.1 percent in the period.
Iran's agriculture sector also witnessed a 5.9 percent growth in the period, meanwhile the service sector (including trade, hospitality, finance and credit, and transportation) registered 5 percent rise.
The International Monetary Fund (IMF) made a statement last month, predicting a 6.6-percent economic growth for Iran in the current fiscal year.