Domestic Economy

Taxation accounts for nearly half of Iranian government revenues in Q1

Tax revenues accounted for 48% of all government revenues in the first quarter of the current fiscal year (started March 21), the Iranian National Tax Administration reported.

Macro Economy

Official figures put Iran’s annual economic growth at 4.4%

Central Bank of Iran (CBI) figures show Iran’s economy grew by 4.4% in the year to late March despite continued pressure on the country’s oil revenues because of American sanctions.

Macro Economy

Iran imports $4.5 billion of essential goods in Q1

A total of 5.9 million tons of essential goods worth $4.5 billion were imported during the first three months of the current Iranian year (March 21-June 21), according to a customs official.

Trade

Iran limits foreignes’ access to banking services

The Central Bank of Iran (CBI) has confirmed reports it has restricted the access of foreign nationals living in the country to various banking services.

Financial Markets

Iran’s monthly inflation hits record high

New data released by the Statistical Center of Iran confirms inflation has reached an unprecedented level.

Macro Economy

World Bank forecasts 3.7% GDP growth for Iran in 2022

A new report released by World Bank expects Iran’s economy to grow 3.7% in 2022.

Macro Economy

Iran jobless rate down slightly to 9.2% in fiscal 2021-22

Figures by the Statistical Center of Iran (SCI) show that the country’s unemployment rate dropped slightly in the year to March 20.

Macro Economy

Iran raises prices of four essential food items

The Iranian government has approved major price hikes for four essential food items as part of a plan to liberalize prices by removing subsidies given to importers and suppliers and redirecting them to the households.

Society Economy

Iran grants $1.5 billion to 23.6 million households as new subsidy scheme

The Iranian government has granted around $1.5 billion worth of cash subsidies to more than 23.6 million households in the country as part of efforts to cushion shocks that could be caused by price hikes in consumer goods.

Macro Economy

IMF ranks Iran 20th among world economies

In the latest ranking of the world’s largest economies by the International Monetary Fund (IMF), Iran is ranked 20th and stands higher than many European countries such as Poland, the Netherlands, Argentina, Switzerland, Belgium, and Austria.

Macro Economy