Iran’s GDP marks 11.1% growth

(Last Updated On: 01/11/2017)

According to Fars news, Iran’s non-oil GDP has grown 6.4 percent in the past year.

Mohammad Baqer Nobakht, Iran’s Government Spokesman, has stated that the country’s GDP growth of gross domestic product (including the oil sector) stands at 11.1% for the previous year.

Previously, the Central Bank of Iran had announced that the country’s GDP growth was 12.5% in the past year.

The International Monetary Fund expected that Iran’s real GDP growth will rebound to 6.6 % in 2016-17.

Iran’s economic growth is related to reclaiming a share of the worldwide oil sales after the conclusion of the JCPOA agreement between Iran and world economic powers.

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