Iran’s GDP grows 4% in H1 calendar year: SCI
Iran’s economy grew by 4% in the first half of the current Iranian year (March 20 to September 21) compared to the same period last year, according to a report by the Iranian Statistics Center.
Gross domestic product (GDP), including oil, increased by 4%, while non-oil GDP grew by 2.6% at constant prices, IRNA reported on Monday.
The GDP, measured at 2021 constant prices, reached 50,691 trillion rials (approximately $74.54 billion) with oil and 38,374 trillion rials (approximately $56.43 billion) without oil in the first half of the current Iranian. This is up from 48,727 ($71.65 billion) trillion rials with oil and 37,405 trillion rials ($55 billion) without oil during the same period last year, highlighting the respective growth rates.
The report also showed that agriculture sector grew by 2.9%, industries and mining by 5.3%, and services by 2.5%. Within industries and mining, crude oil and natural gas extraction expanded by 8.8%, other mining by 1.5%, manufacturing by 1.3%, natural gas distribution by 15.2%, water and electricity by 2.3%, and construction by 0.3%.