GDP in Iran
Iran - GDPThe economy has found its sweet spot following the country’s reintegration into the global economy. GDP recorded the second consecutive period of double-digit growth in the October-December 2016 period (Q3 SH2016: +16.0% year-on-year) as a result of increased oil production and strong private consumption. Along with the oil sector, manufacturing and mining activities are also boosting overall growth. On the downside, investment activities declined sharply on the back of the enduring recession in the construction sector due to the government’s sloppy intervention in the market and eroded wages following years of high inflation. Moreover, unemployment remains stubbornly high among young people and women, posing one of the main challenges for newly-reelected President Hassan Rouhani.
Iran - GDP Data
|Economic Growth (GDP, annual variation in %)||3.7||-6.6||-1.9||4.3||-1.3|
5 years of economic forecasts for more than 30 economic indicators.
Iran GDP Chart
Source: Central Bank of Iran.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.