The Statistical Center of Iran says GDP grew by 4.2% in the second quarter of the current fiscal year (June 22-Sept. 22).
Without taking oil production into account, Q2 growth stood at 3.3%, SCI reported on its website.
The center earlier reported that the economy grew 5.9% in in the first half of the current fiscal year (March 21-Sept. 22).
Without taking into account oil production, GDP growth stood at 4.1%, according to SCI.
The center’s sectoral breakdown of GDP indicates “industries and mines” expanded by 9.5%. The subsectors of “crude oil and natural gas extraction”, “other mines”, “industry”, “energy” and “construction” registered respective growth rates of 18.3%, -1.9%, 3.8%, 8.2% and 7%. The services sector grew by 4.8% while agriculture contracted by 4.3%.
The Central Bank of Iran say Iran’s gross domestic product grew by 3.3% in H1.
Putting the H1 GDP volume at 75,305 trillion rials ($251 billion), CBI says the economy expanded by 2.4%, excluding crude oil production.
The services and oil sector grew by 5.7% and 15.1% respectively.
The agriculture sector contracted by 2% and the industries and mines by 1.9%.
According to CBI, the economy also expanded in the fiscal 2020-21.
Iran’s gross domestic product in the last fiscal year (March 2020-21) saw a 3.6% growth, according to an earlier report.
Economic growth, excluding oil, expanded by 2.5%, it added.
According to SCI, last fiscal year’s GDP expanded by 0.7% compared with the year before.
Economic growth, excluding oil, saw an economic growth of near zero, SCI reported.
The center’s sectoral breakdown of growth rates shows that the “agriculture”, and “industries and mining” sectors experienced a respective growth of 3.5% and 4.2% during the period. The services sector contracted by 2% in the fiscal 2020-21.
Discrepancies were also seen in the reports of SCI and CBI on Iran's economic growth in the fiscal 2019-20 year.
According to SCI, the Iranian economy experienced a 7% contraction in the fiscal 2019-20.
According to the center, GDP shrank by 0.6%, without taking oil production into account.
The sectors of "industries and mines" and ""services" registered a respective contraction of 14.7% and 0.3%. This is while CBI put fiscal 2019-20 growth at -6.5%. Excluding the oil sector, growth was put at 1.1%.
According to the bank, the oil sector shrank by a whopping 38.7% amid sanctions on Iran's oil sales.
The sectors of agriculture and "industries and mine" saw a respective growth of 8.8% and 2.3%, as services contracted by 0.2%, in CBI’s account.
Iran's gross domestic product shrank by 4.9% in the fiscal 2018-19 compared to the year before, according to SCI, with production of the two groups of "industry" and "agriculture" at -9.6% and -1.5% respectively and services showing a 0.02% growth. The center put that year's growth, excluding oil production, at -2.4%.
CBI did not release any report on the fiscal 2018-19 economic growth.
Iran’s economy emerged from recession in the fiscal 2014-15 with a 3% growth after two years of recession when the economy contracted by 5.8% and 1.9% back to back, according to the Central Bank of Iran.
Growth in 2015-16 has been put at -1.6% by CBI and 0.9% by SCI.
The CBI has put 2016-17 growth at 12.5% while SCI says it was much lower and near 8.3%.