TEHRAN, Dec 14 (NNN-TASNIM) – The growth rate of Iran’s GDP exceeded one point, in the first half of the current Iranian year starting Mar 20, the head of Iran’s central bank announced yesterday.
“As I had already announced, according to the course of industrial and agricultural production indices, as well as, the growth in the banks’ working capital facilities, Iran’s economic growth has become positive,” Abdolnaser Hemmati, governor of the Central Bank of Iran (CBI), wrote on social media.
When Real GDP is calculated using the prices of 2011-2012 as base, the growth in Iran’s economy was positive in the first six months of the current Iranian year, both with and without oil, Hemmati noted.
The figures can be consulted in the report of the CBI’s Economic Accounts Department published on Sunday.
Excluding oil, the growth registered in Iran’s GDP was 1.4 percent year on year, while the oil-included growth was 1.3 percent, Hemmati added.
The oil-included growth was negative 2.9 percent for the spring term and 5.1 percent for the summer, while the oil-excluded statistics show a negative 0.6-percent growth in GDP for the first term, and a 3.2-percent growth for the second, according to the CBI chief.– NNN-TASNIM
