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GDP Growth at 3.3 Percent in First Half of Fiscal 2022-23

The Statistical Center of Iran says GDP growth stood at 3.4%, excluding crude oil production

The Iranian economy grew by 3.3% in the first half of the current Iranian year (March 21-Sept. 22) compared with the similar period of last year, while GDP growth stood at 3.4% excluding crude oil production, the Statistical Center of Iran announced in its new report.

A sectoral breakdown of GDP shows agriculture registered -2.2%, industries and mines 5% and services 2.6% in growth rates during the period under review.

The industries and mines group includes the subcategories of crude oil and natural gas extraction, other mines, industry, energy and construction, which saw the respective growth rates of 3.2%, 0%, 4.9%, 12.9% and -1.6%.