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Domestic Economy

Iran world’s 7th least indebted country: Economic analyst

Abbas Me’marnejad, a well-known economic analyst, says Iran with a foreign debt of $8.4 billion, is the world’s seventh least indebted country considering the country’s gross domestic product (GDP).

Macro Economy

Iran Leader reiterates need for knowledge-based production, creation of jobs

Supreme Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei addressed the nation on the occasion of the Persian New Year (Nowruz), stressing the need for increasing efforts to strengthen knowledge-based production and create more jobs.

Macro Economy

Report puts Iran’s nine-month economic growth at 4.1%

A Monday report by the Central Bank of Iran (CBI) suggests that Iran’s economic growth reached 5.7% in the third quarter of the current Iranian calendar year (September 23 – December 21, 2021) putting the country’s overall economic growth in the nine months to December 21, 2021 at 4.1%.

Macro Economy

Iran’s nine-month economic growth hit 5.1%

The Statistical Center of Iran’s newly released data show the economy grew by 5.1% in Q1-3 of the current fiscal year (March 21-Dec. 21, 2021) compared with the preceding year’s corresponding period.

Macro Economy

Minimum wage in Iran rises by 57.4%

Iran has increased minimum wage payable to workers by 57.4% as a government that came to office in August moves ahead with plans to bridge economic gaps for low-paid people in the country.

Society Economy

Iran targets 12.7% industrial growth for fiscal 2022-23

Iranian Industry, Mining, and Trade Minister Reza Fatemi-Amin said his ministry has targeted a 12.7 percent growth for the country’s industrial sector for the next Iranian calendar year (begins on March 21), the ministry’s news portal Shata reported.

Mine and Industry

Iran’s 11-month tax revenues hit record high of $10.8 billion

A record high of 2,770 trillion rials ($10.8 billion) in tax revenues were collected over the 11-month period ending Feb. 19, indicating a 60% increase compared with the corresponding period of last year, the head of Iranian National Tax Administration said.

Macro Economy

Foreign investment in Iranian industry, mine and trade sectors more than doubled

The total volume of foreign investment in Iranian industry, mine and trade sectors grew by 135.9% in the first 10 months of the fiscal year (March 21, 2021 – January 20, 2022), according to the latest statistics released by the Ministry of Industry, Mine and Trade.

Mine and Industry

Iran’s net jobs up by 122,100 in Q3: Report

Iran added a net 122,100 formal jobs in the third quarter of the Iranian calendar year (October 22 December 21, 2021), showed a report in the local media which insists the figure is one of the best on record since the country started to feel the economic impacts of the coronavirus pandemic and the US sanctions more than two years ago.

Macro Economy

World Bank revises up Iran’s 2021 GDP growth rate by 1% to 3.1%

The World Bank has revised up its estimate of economic growth in Iran for 2021 as figures provided in the Bank’s latest report show Iran’s gross domestic product (GDP) rose by 3.1% last year.

Macro Economy

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

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