Baku, Azerbaijan, Mar. 3
By Emil Ilgar – Trend:
Iran’s GDP growth stood at 7.2 percent during 9 months of current fiscal year, Mojtaba Khalesi, the deputy head of the Planning and Budget Organization, said Mar. 3.
Iranian fiscal year starts on March 21.
He added that non-oil GDP growth also stood at 5 percent, Mehr reported.
Iran’s Central Bank hasn’t published the GDP growth for 9 months yet, but during the first half of the year, the GDP growth stood at 7.4 percent, while non-oil GDP growth was only 0.9 percent.
A report published on IMF’s official website Feb. 28 said, “Real GDP [of Iran] grew by 7.4 percent in the first half 2016/17, rebounding from recession in 2015/16. However, growth in the non-oil sector averaged 0.9 percent, despite the pick-up registered in the second quarter, reflecting continued difficulties in access to finance and domestic financial sector and structural weaknesses”.
IMF says that economic growth is projected to stabilize at 4.5 percent over the medium-term as the recovery broadens.
“Real GDP growth is expected to reach 6.6 percent in 2016/17 and to ease to 3.3 percent in 2017/18 as oil production remains at the OPEC target”.
|
GDP growth |
2014/15 |
2015/16 |
2016/17 |
2017/18 |
2018/19 |
2019/20 |
2020/21 |
2021/22 |
|
Real GDP at factor cost (%) |
4.0 |
-1.8 |
6.6 |
3.3 |
4.3 |
4.4 |
4.5 |
4.4 |
|
Real oil GDP (%) |
7.3 |
6.4 |
5.2 |
2.6 |
6.7 |
6.7 |
6.7 |
5.8 |
|
Real non-oil GDP (%) |
3.7 |
-2.7 |
0.8 |
3.4 |
3.8 |
4.0 |
4.0 |
4.1 |