TEHRAN (Iran News) – The Statistical Center of Iran says the country’s gross domestic product (GDP) excluding oil grew 3.4 percent in the first six months of the current Iranian calendar year (March 21 – September 22) compared to the same period last year.
According to SCI data, the figure including oil increased by 3.3 percent, IRNA reported.
As reported by the center, based on the fixed prices in the Iranian year 1390 (ended on March 19, 2012), the country’s GDP stood at 3.87 quadrillion rials (about $10.115 billion) including the oil sector, and at 3.326 quadrillion rials (about $8.7 billion) excluding the oil sector in the mentioned six months, while the figures were 3.745 quadrillion rials (about $9.78 billion) and 3.217 quadrillion rials (about $8.4 billion), respectively, in the first half of the previous year.
The SCI data indicate that in the first six months of 1401, the agricultural sector had negative growth of 2.2 percent, the industry and mining sector registered a five-percent growth, and the service sector grew by 2.6 percent compared to the first half of 1400.
Back in October, the International Monetary Fund (IMF), in its latest World Economic Outlook report titled “Countering the Cost-of-Living Crisis”, said that Iran’s economy will experience a positive growth of three percent in 2022, following its upward trend for the third consecutive year.
The fund anticipated that Iran’s inflation rate and accounts balance will also improve in the current year.
The international body had put Iran’s inflation rate in 2021 at 40.1 percent, adding that not only Iran’s inflation rate will not increase in the current year as compared to a year earlier, but it will hit 40 percent at large, showing a bit decline.
The IMF also predicted that Iran’s balance of its current accounts in 2022 will double as compared to the same period of last year.