Domestic Economy

Nearly 1.76m affordable housing units under construction across Iran

Transport and Urbana Development Minister Mehrdad Bazrpash announced that 1.759 million units of the National Housing Movement plan are under construction across the country.

Macro Economy

Iran’s H1 customs revenues up 67% YOY

The Islamic Republic of Iran’s Customs Administration (IRICA) has reported a significant growth of 67% in total customs revenues in the six months to late September, saying receipts reached 805.27 trillion rials, or around $1.6 billion.

Macro Economy

Iran economy grew by 6.2% in first quarter: CBI

The Central Bank of Iran (CBI) has reported that the economy grew by 6.2% in the first three months of the Itranian calendar year (March 21 to June 21).

Macro Economy

Iran’s Foreign Debt Shrinks by 20%: IMF

The International Monetary Fund (IMF) in its latest report said Iran’s foreign debt has decreased by 20 percent and that it is in a better situation in this regard than 132 countries.

Macro Economy

Iran’s five-month tax revenues up 52% YOY

Iranian tax revenues in the five calendar months to late August are 52% higher than figures reported in last year’s corresponding period, according to a Tuesday report by Iran’s National Tax Administration (INTA).

Macro Economy

Iran’s annual inflation rate drops 0.8% in August

Figures by the Iranian government’s statistics agency the SCI show the headline inflation rate in the country fell slightly in the calendar month to August 22.

Macro Economy

IMF revises up Iran’s 2023 economic growth forecast to 2.5%

The International Monetary Fund (IMF) has revised up its 2023 economic growth forecast for Iran amid better oil exports from the country and despite the continued pressure of American sanctions on the economy.

Macro Economy

Official report puts Iran’s annual inflation at 47.1% in July

Figures by the Statistical Center of Iran (SCI) show inflation rate in the country reached 47.1% in the year to late July, down 1% from the same figure reported for the year to late June.

Macro Economy

Official report puts Iran’s Q1 Underemployment at 8.3%

Underemployment, the condition in which people in a labor force are employed for less than 44 hours of service per week, stood at 8.3% in the first quarter of the current Iranian year (March 21-June 21), according to the Statistical Center of Iran (SCI).

Macro Economy

Iran parliament approves outlines of forming Ministry of Commerce

Iranian parliament ratified the outlines of a bill for forming Ministry of Commerce.

Iran Economy