TEHRAN (Iran News) – In its latest report of World Economic Outlook, International Monetary Fund (IMF) announced that Iran’s economic growth has decreased -9.45 percent in 2019. IMF also forecast that Iran’s unemployment and inflation rates in 2019 have increased 35.6 and 16.7 percent respectively. The international monetary body put Iran’s economic growth in 2019 […]
TEHRAN (Iran News) – In its latest report of World Economic Outlook, International Monetary Fund (IMF) announced that Iran’s economic growth has decreased -9.45 percent in 2019.
IMF also forecast that Iran’s unemployment and inflation rates in 2019 have increased 35.6 and 16.7 percent respectively.
The international monetary body put Iran’s economic growth in 2019 at -9.45 percent.
In its previous report, IMF had predicted Iran’s growth rate in 2019 at -6 percent.
Iran’s unemployment rate in 2019 and 2018 had been put at 16.78 and 14.48 percent respectively.
According to IMF, Iran economic growth, inflation and unemployment rates have dropped in 2019.
Also, Iran’s current account balance has hit from 4.09 percent in 2018 to -2.6 percent in 2019, International Monetary Fund added.
The biggest sector of Iran’ s economy are services, which account for 51 percent of GDP. With services the most important segments are: real estate and specialized and professional services (fourteen percent of total GDP); trade restaurants and hotels (twelve percent) and public services (ten percent). Oil production constitutes twenty three percent of the wealth. Manufacturing and mining contribute for 13 percent of the output and agriculture for 10 percent. The last big component of the GDP is construction and electricity, gas and water distribution, which account for 7 percent of total output.
- source : MNA, Irannews
