Iran's gross domestic product (GDP) including oil grew 3.2 percent in the first quarter of the current Iranian calendar year (March 20-June 21), compared to last year’s corresponding period, according to a report by the Central Bank of Iran (CBI).
As previously announced by the CBI, Iran's GDP grew 4.5 percent in the previous Iranian calendar year compared to a year earlier. The figure excluding oil increased by 3.6 percent.
In addition, the country’s economic growth without oil included in the mentioned period reached 3.9 percent.
The realization of 4.5 percent economic growth in the previous Iranian calendar year indicates the continuation of the growing trend of economic activities in the country.
Earlier, the World Bank (WB), predicted that Iran’s economy would grow 3.2 percent in 2024 and the inflation rate would decrease to 35 percent.
According to the estimate of the international body, Iran’s economy experienced a five percent growth and a 40.8 percent inflation in 2023.