The International Monetary Fund (IMF) has raised its economic growth forecast for Iran in 2024 amid signs the country is becoming increasingly immune to the economic impacts of US sanctions.
Iran’s gross domestic product (GDP) grew by 4.6% in the first quarter of the Iranian calendar year (March 21 – June 21), according to a recent report by the Statistical Center of Iran (SCI).
Iran has set a target to reach an average economic growth rate of 8% between 2023 and 2028 as part of a new vision plan unveiled by the government.
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.
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.
In a new report, the World Bank has forecast Iran’s economic growth to slow down in the years to come.
Based on the IMF data, Iran’s Gross Domestic Product (GDP) based on the purchasing power index will grow by $91 billion or two percent in 2023 to reach $1.7 trillion.
Central Bank of Iran (CBI) Governor Ali Salehabadi says the country’s economy grew by 3.6% in the quarter to September 22.
The International Monetary Fund expects Iran’s economy will continue to grow in the years to come despite the economic pressure imposed on the country by the United States.
The World Bank has revised up its estimate of Iran’s economic growth for last year to 4.7% from a previous estimate of 3.1% reported early this year.