Iran’s economy grows in three months to June 22

Iran has posted positive economic growth in the first quarter of the fiscal year (March 21 – June 22), according to separate reports by two sources.

22 September 2021
ID : 33093
Share
Share with
Telegram Whatsapp
Link

Iran has posted positive economic growth in the first quarter of the fiscal year (March 21 – June 22), according to separate reports by two sources.

Although the Central Bank of Iran (CBI) and Statistical Center of Iran have provided different reports of Iran’s three-month economic growth, both reports suggest that Iran’s economy has grown in the period.

The country’s Supreme Statistics Council has announced the Statistical Center of Iran as the official source for providing statistics about major economic indicators, such as economic growth and inflation, but it does not stop the Central Bank of Iran from providing its own reports.

A factor that led to difference between the recent reports by the two sources was that the Statistical Center of Iran has set the prices of the fiscal year ending in March 2012 as the base prices for its report, while the base prices of CBI report were those of the fiscal year ending in March 2017. 

The report by the Statistical Center of Iran says that the country’s economic growth in the three-month period stood at 7.6% including oil sales compared to figures from last year’s corresponding period. It put the figure at 4.6% excluding oil sales. 

The CBI report however indicates a 6.2% growth for the Iranian economy in the period under review including oil sales, putting the figure at 4.7% excluding the oil sales.

Both reports suggest that the services and the industries and mines groups have posted growth in the three-month period while the agriculture group has witnessed a decline.  

Comment
Reply to :
= 5-4
Related