Domestic Economy

Iran to rise minimum wages by 27%

Minimum wages will increase by 27% in the new Iranian year that started on March 21.

Macro Economy

CBI puts Iran’s last year average annualized inflation at 46.5%

Iran experienced an average annual inflation rate of 46.5% in the last fiscal year that ended on March 20, 2023, according to the Central Bank of Iran.

Macro Economy

Iran’s foreign debt down 25.1% YOY: CBI

The Central Bank of Iran (CBI) in its latest figures has put the country’s foreign debt at $6.497 billion, down by more than a fourth compared to figures announced in late March 2022.

Macro Economy

Iran Leader urges inflation control, growth in production in New Year

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has named the Persian New Year the year of "Inflation Control, and Growth in Production."

Macro Economy

Iran’s economy grows by 5.3% in 3rd quarter: CBI

Figures by the Central Bank of Iran (CBI) show the country’s economy grew by 5.3% year on year in the three calendar months to December 21, 2022.

Macro Economy

Iran’s economic growth at 3.3% in Q1-3: Official report

Figures by the Iranian government’s statistics agency (SCI) show the country’s economy grew by 3.3% in the first three quarters of the Iranian calendar year (March 21 – December 21, 2022).

Macro Economy

Iran’s 11-month tax revenues up 54% YOY to $7.8 billion

The Iranian National Tax Administration collected 4,287 trillion rials ($7.88 billion) in tax during the first 11 months of the current fiscal year (started March 21, 2022).

Macro Economy

Iran economy grows by 3.6% in September quarter: Central bank

Figures by the Central Bank of Iran (CBI) show the country’s economy continued to grow in the second quarter of the calendar year that started in March 2022 despite continued economic pressure caused by American sanctions.

Macro Economy

Official report puts Iran’s Q3 employment at 37.7%

The employment rate in Iran was 37.7% (24.07 million) in the third quarter of the current Iranian year (Sept. 23-Dec. 21, 2022), up 0.4% compared with the same quarter of the last year, according to the Statistical Center of Iran.

Macro Economy

Supreme Leader urges support for private sector

Supreme Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei on Monday called on executive bodies to support the private sector, saying that making all affairs governmental in the beginning years of the Islamic Revolution [1979] was a major mistake.

Macro Economy