Domestic 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

Iran’s tax revenues hit $9 billion in fiscal 2022-23

The Iranian National Tax Administration earned 4,700 trillion rials (over $9 billion) in tax income during the last fiscal year that ended on March 20, 2023, according to the head of INTA’s Planning and Statistics Group.

Macro Economy

Iran Chamber of Commerce proposes package on 7th Development Plan

Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) has handed over a proposed package to the government on the country’s 7th five-year Development Plan.

Iran Chamber

Iran, 22nd biggest world economy: IMF

In its latest update, the International Monetary Fund announced Iran as the 22nd biggest world economy in 2022 among 193 countries under review, IRNA reported.

Macro Economy

Iran’s Q4 jobless rate at 9.7%

Figures by the Iranian government’s statistics agency show the country’s jobless rate rose 0.3% in the quarter to March 20 compared to the same period last year to reach 9.7%.

Macro Economy

Iran announces major cabinet reshuffle

Iran’s Government Spokesman Ali Bahadori Jahromi says that the head of the Planning and Budget Organization and the agriculture minister have been replaced in a reshuffle in the economic team of the cabinet.

Iran Economy

Iran’s economy estimated to grow by 2% in 2023: World Bank

The World Bank has predicted a 2% growth for the Iranian economy in 2023.

Macro 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