GDP in Iran
Iran - GDPIran’s economy rebounded during the first half of SH 2016, which began on 20 March, boosted by a surge in oil production due to the lifting of economic sanctions. However, growth in the non-oil sector was meagre, reflecting the limited access to credit and continuing structural weaknesses in the economy, while unemployment remained painfully high. In a recent staff visit to the country, the IMF lauded Iran’s recovery to date, while at the same time flagging up the urgent need to reform the financial sector and to ween the economy off its dependence on oil. On the political scene, tensions continue to run high with the U.S. after the country slapped punitive sanctions on Iran in early February, which risks deterring vital foreign investment.
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.
Iran GDP Chart
Source: Central Bank of Iran.
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