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World Bank puts Iran’s economic growth in 2023 at 4.2%
According to the estimate of the international body, Iran’s economy has registered a hike in 2023 compared to a year earlier, IRNA reported.
The World Bank had put Iran’s economic growth in 2022 at 3.8 percent, as it expects that the country’s economy will grow by 3.7 percent in 2024.
The average economic growth in the Middle East and North Africa stood at over 1.9 percent in 2023.
Saudi Arabia’s economic growth was -0.5 percent in 2023 as the country experienced an economic recession in this period.
The average economic growth rate of the Organization of Petroleum Exporting Countries (OPEC) in the region stood at only 1.6 % in 2023.
Among the 19 countries of the Middle East and North Africa region, Iran ranked 3rd in 2023 in terms of economic growth.