TEHRAN, May 30, YJC - Iran’s Gross Domestic Product (GDP) grew by 8.3 percent (including oil) and 6.3 percent (excluding oil) over the past Iranian calendar year (started on March 20, 016- March 20, 2017), Iran’s Statistics Center said in a report.
TEHRAN, Young Journalists Club (YJC) -
Iran’s agricultural groups activities rose by 5 percent, industry (mine, energy, industry and building) by 11.3 percent and services groups by 7.1 percent during the period comparing to similar period last year, the report said.
Industrial groups growth resulted from oil and gas exports.
The report includes 15 sectors in 42 fields, mainly gardening, livestock, fforestry and fishing, mining, industry group (crude oil and natural gas, mining extractions, industry, water supply, electricity and natural gas and building, services (wholesale and retail, hotels and restaurants, transport and communication, financial intermediation, real estate, public works, education, health and social assistance.
earlier in December, the International Monetary Fund (IMF) said it expects Iran’s economic growth to reach as high as 6.6 percent for the Persian calendar year that started in March 2016.
The IMF announced in a statement that higher oil production and exports would be particularly instrumental in boosting Iran’s economic growth that was in recession last year.
"Higher oil production and exports, after implementation of the Joint Comprehensive Plan of Action (JCPOA) should allow real GDP growth to rebound to 6.6 percent in 2016/17,” the Fund added in its statement.
"Growth is projected to ease to 3.5 percent in 2017/18 as oil production normalizes and non-oil sector growth remains modest.”