Iran’s Economic Growth Hits 4.5% in One Year: CBI
TEHRAN (Tasnim) – Iran’s economic growth in the previous Iranian calendar year (March 21, 2023 to March 19, 2024) with/without oil included increased 4.5 percent and 3.6 percent respectively.
According to the preparatory calculations of the Economic Accounts Department of the Central Bank of Iran (CBI), the gross domestic product (GDP) to the base price (fixed prices in 2016) in the 3rd quarter of the previous Iranian calendar year showed a 4.5 percent growth compared to the same period a year earlier.
In addition, the country’s economic growth without oil included in the mentioned period reached 3.9 percent, the report added.
The study of the investment situation in various economic sectors (to the fixed prices in 2016) clarifies that the ‘formation of the fixed gross capital’ in the 3rd quarter of the last Iranian calendar year saw a 14.2 percent growth compared to the same period in the previous year.
The realization of 4.5 percent economic growth in the previous Iranian calendar year indicates the continuation of the growing trend of economic activities in the country.