World bank puts Iran’s economic growth in 2023 at 4.2%

The World Bank (WB) in its latest report put Iran’s economic growth in 2023 at 4.2 percent, which is twice higher than that of the average economic growth in the Middle East and North Africa (MENA) region.

News ID: ۸۱۹۰۴۱

11 January 2024

According to the estimate of the international body, Iran’s economy has registered growth in 2023 compared to a year earlier.

The World Bank had put Iran’s economic growth in 2022 at 3.8 percent.

The World Bank expects that Iran’s economy will grow by 3.7 percent in 2024.

The average economic growth in the Middle East and North Africa exceeded 1.9 percent in 2023.

Saudi Arabia’s economic growth was -0.5 percent in 2023 as the country experienced an economic recession in this period.

The average economic growth rate of the Organization of Petroleum Exporting Countries (OPEC) in the region stood at only 1.6 % in 2023.

Among the 19 countries of the Middle East and North Africa region, Iran was ranked 3rd in 2023 in terms of economic growth. / MEHR