Iran’s economic growth reaches 12.5 percent

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News ID: 10514
Iran » Iran
Publish Date: 17:10 - 18 June 2017
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TEHRAN, June 18, YJC - Iran’s economic growth at the end of the past Iranian calendar year (March 20, 2016- March 20, 2017) has reached 12.5 percent, 9.8 percent of which belongs to oil share, Central Bank of Iran said in a report.

Iran’s economic growth reaches 12.5 percentTEHRAN, Young Journalists Club (YJC) - The report said 9.8 percent of the country’s economic growth belongs to oil field, 0.8 percent to industry, 0.7 percent to trade and 0.7 percent for transportation, communication and inventory.


Lifting sanctions, increasing exports of crude, refinery products, condensates and natural gas are reasons behind crude exports rise.


Iran’s agricultural products grew by 8.2 percent, gardening products to 6.1 percent and livestock products to 4.6 percent during the period.


Products of Iranian industrial firms, comprising by 70 percent of the industry’s added value rose by 7.9 percent comparing to similar period comparing to the figure in the year before.

 

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