Domestic Economy

Iran economy grew by 6.2% in first quarter: CBI

The Central Bank of Iran (CBI) has reported that the economy grew by 6.2% in the first three months of the Itranian calendar year (March 21 to June 21).

Macro Economy

Iran’s Foreign Debt Shrinks by 20%: IMF

The International Monetary Fund (IMF) in its latest report said Iran’s foreign debt has decreased by 20 percent and that it is in a better situation in this regard than 132 countries.

Macro Economy

Iran’s five-month tax revenues up 52% YOY

Iranian tax revenues in the five calendar months to late August are 52% higher than figures reported in last year’s corresponding period, according to a Tuesday report by Iran’s National Tax Administration (INTA).

Macro Economy

Iran’s annual inflation rate drops 0.8% in August

Figures by the Iranian government’s statistics agency the SCI show the headline inflation rate in the country fell slightly in the calendar month to August 22.

Macro 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

Featured

Iran will continue allocating a subsidized exchange rate for medicines and has yet to take any new decision on the sector as it considers moves toward a single exchange rate, Economy Minister Ali Madanizadeh said on Monday.

Iran to keep subsidized FX for medicine as it weighs currency reform