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.
Figures by the Statistical Center of Iran (SCI) show the country’s economy grew by 3.8% in the first quarter of the calendar year that started late March.
Central Bank of Iran (CBI) figures show Iran’s economy grew by 4.4% in the year to late March despite continued pressure on the country’s oil revenues because of American sanctions.
The International Monetary Fund (IMF) expects the Iranian economy will continue to grow in 2022 despite continued pressure on the country because of American sanctions and the economic impacts of the coronavirus pandemic.
The World Bank has revised up its forecast for Iran’s gross domestic product (GDP) growth in 2022, expecting the country’s economy to grow 3.7 percent this year.
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.
Iran’s economy would unlikely be restored to a robust level if major U.S. sanctions on the country remain, recent researches and opinions indicated.
The International Monetary Fund expects Iran’s economy to grow by 2.5% in 2021.
Iran’s economy has come out of recession following two consecutive quarters of growth, says the Central Bank of Iran’s governor.
The agriculture sector remains the main driver of growth in Iran’s economy, the data released by the Statistical Center of Iran (SCI) shows.