GDP in Iran
Iran - GDPThe lifting of economic sanctions in January 2016, coupled with higher oil prices and a pick-up in crude production, supported growth in the first half of SH 2016, which started on 20 March. According to the governor of the Central Bank of Iran, Valiollah Seif, the economy expanded 7.4% in H1, though the Bank’s data have come under suspicion as Iran’s Statistical Institute puts growth at 6.4% in the same period. Either way, analysts have warned that people are not feeling the impact of Iran’s strong economic recovery, which could fuel political unrest in the near future. In an attempt to improve housing affordability, the parliament passed a social program early in January, aiming to build 570,000 housing units by 2021.
Iran - GDP Data
|Economic Growth (GDP, annual variation in %)||3.7||-6.6||-1.9||4.3||-|
5 years of economic forecasts for more than 30 economic indicators.
Note: Annual variation of gross domestic product (GDP) in %.
Iran GDP Chart
Source: Central Bank of Iran.
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