TEHRAN – Iran’s GDP at purchasing power parity, compared to prices of a base year to March 20, 2012 increased by 12.5 percent during the last fiscal year.
According to the latest Central Bank of Iran report, Iran’s economic growth was 12.5 percent in last Iranian calendar year.
The central bank announced that the new economic growth rate has been calculated based on all data and information which have been submitted to the bank by ministries and related bodies.
The report shows that oil has great share in the said economic growth as the figure for oil share stands at 9.8 percent.
Some industries like industry, transportation and trade had growth comparing to 2012 but construction and housing industry registered a negative growth.
The biggest growth registered in agriculture sector which shows an average 4.6 percent growth.
The Central Bank reiterated in its report that the economic growth in the non-oil sector was around 3.3 percent last year.
It claimed that the figure for non-oil economic growth was negative the year before.It is expected the growth to increase this year.
date: 19 June 2017 id: 2969 source: IRAN NEWS ECONOMIC DESK