Q1 GDP Growth at 3.8%: SCI

EghtesadOnline: Economic growth stood at 4.3% in the first quarter of the current fiscal year (started March 21), without taking crude oil production into account, the Statistical Center of Iran said

News ID: ۷۵۱۸۷۳

14 September 2022

Iran’s GDP grows by 3.8% in the first quarter of the current fiscal year (started March 21) compared with the corresponding period of last year, the Statistical Center of Iran said in its latest report.

Without taking crude oil production into account, economic growth stood at 4.3%, the report added.

According to SCI, the agriculture sector contracted by 0.8% in Q1 as the “industries and mines” and “services” grew by 4.2% and 3.9% respectively.

The center earlier put fiscal 2021-22 growth at 4.3%, saying GDP saw a 3.5% rise without taking crude oil production into account and that the sectors of agriculture, industries and services experienced a -3.7%, 6% and 4.5% growth respectively.