Missing Link in Production Growth

EghtesadOnline: Iran’s economic growth, excluding oil, stood at 4% in the fiscal 2021-22 and was slightly higher when oil sector was included, the Central Bank of Iran reported.

News ID: ۷۵۲۴۱۶

18 April 2023

Iran’s economic growth, excluding oil, stood at 4% in the fiscal 2021-22 and was slightly higher when oil sector was included, the Central Bank of Iran reported.

Given the statistics related to the first half of 2022-23, last year’s economic growth will be more or less the same, or slightly lower. With regard to the method of calculating these variables, particularly when you remember, for instance, the lack of transparency regarding oil export data, we should note that the figures on economic growth rate are not synonymous with better welfare for most people (the middle to lower class).

Mousa Ghaninejad, veteran economist, began his article for the Persian daily Donya-e-Eqtesad with this note.