Domestic 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

IMF expects Iran’s inflation to ease in 2024

A report by the International Monetary Fund (IMF) expects that the soaring inflation rates in Iran would fall significantly with an increase in demand for Iranian oil in major Asian economies and amid a gradual drop in consumer prices around the world.

Macro Economy

Iran’s Q1 tax receipts up 41% YOY

The total taxes paid by Iranian people in the first three months of the current calendar year (March 21–June 21) has posted a 41% year-on-year rise, according to a senior official with Iran’s National Tax Administration (INTA).

Macro Economy

Iran’s Q1 unemployment rate at 8.2%

According to a new report by the Statistical Center of Iran (SCI), Iran’s unemployment rate, the proportion of the jobless population of ages 15 and above, stood at 8.2% in the first quarter of the current Iranian year (March 21-June 21).

Macro Economy

Iran attracts $1.5 billion of FDI in 2022: UNCTAD

World Investment Report 2022 recently published by UNCTAD says that Iran has managed to attract $1.5 billion of foreign direct investment (FDI) in 2022.

Macro Economy

Iran parliament approves Nikbakht as new agriculture minister

Lawmakers in the Iranian parliament have voted to approve Mohammad Ali Nikbakht to lead the country’s Ministry of Agriculture Jihad (MAJ).

Iran Economy

Iran Parliament approves Aliabadi as new industry minister

Iranian lawmakers on Sunday approved Abbas Aliabadi as the country’s new minister of industry, mine and trade.

Iran Economy