Iranian President Ebrahim Raeisi on Saturday referred to the significance of trade and exports in the country’s new five-year development plan and said that political diplomacy has to serve economic diplomacy.
A new report released by World Bank expects Iran’s economy to grow 3.7% in 2022.
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.
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%.
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.