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IMF predicts Iran’s 2017 GDP growth at half of 2016 figure

Business Materials 2 May 2017 14:16 (UTC +04:00)

Baku, Azerbaijan, May 2

By Ilgar Emil – Trend:

Iran’s GDP growth will stand at 3.3 percent in 2017, the International Monetary Fund forecast May 2.

“Iran’s nominal GDP would stand at $368.5 billion in the current year,” IMF said in its outlook for the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) report.

IMF says Iran is expected to see non-oil growth accelerate from 0.75 percent in 2016 to almost 3.5 percent in 2017.

Iran

2000–13 average

2014

2015

2016

2017

2018

GDP growth (%)

3.8

4.0

-1.6

6.5

3.3

4.3

Nominal GDP (Billion $)

324.4

415

374.3

376.8

368.5

385.4

Oil and gas condensate export (mb/d)

2.22

1.16

1.42

2.42

2.5

2.59

Inflation (%)

17.6

15.6

11.9

8.9

11.2

11

Export of goods and services (Billion $)

18.7

32.1

25.6

23.8

27.7

28.6

Import of goods and services (Billion $)

14.6

26.5

22.3

21.1

24.1

24.8

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