TEHRAN, Iran, May.6
Trend:
The statistics released by the Central Bank of Iran indicate an increase in oil export and its effect on the economy in the last Iranian year (started March 20, 2020).
The statistics of economic growth with oil export during nine months in last Iranian year indicate a 2.2 percent increase compared to the previous year (started March 21, 2019), Trend reports citing IRNA.
While the country's GDP growth in the spring of 2020 was -2.9 percent the figure increased to 5.2 percent and 3.9 percent in summer and autumn.
The following figures indicate Iran's oil sale during the spring of 2020 was still declining that had a negative effect on economic growth but the country's economic growth changed in summer and autumn by an increase in sales.
The economic growth by considering oil export in summer was 5.2 percent and without counting oil export was 3.2 percent.
The economic growth continued in autumn indicating the increase in oil export revenue that affected other economic components.
Although the estimated economic growth without oil export during nine months of last Iranian year was 1.9 percent and the economic growth with oil export was 2.2 percent.
The figures indicate Iran has sold more oil despite the continued sanctions. The Central Bank of Iran Governor and Iran Oil Minister has also announced improvement in oil export and access to its revenues.