Iran’s economy grew 4.5% in Q4 last year: CBI

Iran’s gross domestic product (GDP) to the base price (fixed prices in 2016) in the 4th quarter of the previous Iranian calendar year (March 21, 2023 to March 19, 2024) showed a 4.5% growth compared to the same period a year earlier, Central Bank of Iran (CBI) said in its latest report.
In addition, the country’s economic growth without oil included in the mentioned period reached 3.9%, the report added, according to Tasnim News Agency.
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 surged 14.2% compared to the corresponding period in the previous year.
The 4.5% economic growth signifies an upward trend in Iran’s economic activities.
Meanwhile, the CBI chief Mohammadreza Farzin pointed to Iran’s 5% economic growth rate in the past three years, as reported by the World Bank, saying it was the highest among regional and neighboring countries.
“Considering the recent average growth rate of the country, particularly in comparison to other countries in 2023, according to a recent report by the World Bank, Iran has the highest growth rate at 5%,” he told reporters on the sidelines of a cabinet meeting on Wednesday.
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