Q1-3 Economic Growth at 3.3%

 Iran’s economy grew by 3.3% in the first three quarters of the current fiscal year (March 21-Dec. 21, 2022) compared with the preceding year’s corresponding period, the Statistical Center of Iran said in a new report.

The report added that excluding crude oil production, the growth rate stood at 2.9%.

A breakup of economic sectors by SCI shows the “industries and mines” and “services” groups registered 5.3% and 2.6% growth respectively, while “agriculture” contracted by 4.3%.

The “industries and mines” group has five sub-categories of “crude oil extraction”, “mines”, “industry”, “energy” and “construction”, which registered a growth of 5.6%, 0.9%, 5.1%, 9.5% and -2.2%.