Domestic Economy

Iran annual inflation hits 45.8% in month to late March

Iran’s annual inflation rate rose by 1.7% to 45.8% in the calendar month to March 20, according to figures by the Statistical Center of Iran (SCI).

Macro Economy

Iran’s industry minister dismissed by parliament

Members of the Iranian parliament have dismissed the country’s industry minister because of his failure to control rising prices of manufactured products.

Mine and Industry

Iran identifies 12.3 million business bank accounts in campaign against tax evasion

The Central Bank of Iran (CBI) has identified some 12.3 million bank accounts held by individuals and companies in the country as having links to businesses amid its efforts to prevent tax evasion and money laundering.

Macro Economy

Iran to finalize 7th Development Plan by mid-May

Iranian government is drafting the country’s 7th five-year Development Plan and will finalize and hand it over to the Parliament by mid-May, according to the head of the country’s Plan and Budget Organization.

Macro Economy

CBI report puts Iran’s 11-month foreign debt 25.7% down YOY

Central Bank of Iran (CBI) figures show that foreign debt owed by the country dropped by more than a fourth in the 11 months to late February.

Macro Economy

Iran’s Q4 employment rate reaches 36.6%

The employment rate in Iran stood at 36.6% (23.43 million) in the last financial year’s fourth quarter (Dec. 22, 2022-March 20), unchanged compared with the same quarter of the year before, according to the Statistical Center of Iran.

Macro Economy

Iran’s Q4 underemployment at 9.5%

Underemployment, the condition in which people in a labor force are working for less than 44 hours per week, stood at 9.5% in the fourth quarter of the previous Iranian year (Dec. 22, 2022-March 20), down 1.2% year-on-year and was higher for men and those living in rural areas, according to the Statistical Center of Iran.

Macro Economy