GDP in Iran
Iran - GDPThe economy is seen contracting in H2 of Iran’s fiscal year (SH), after expanding marginally in H1 according to data from the Statistical Institute, with relatively low oil prices and U.S. sanctions weakening the external sector. As outlined in OPEC’s January report, Iran’s oil production declined significantly in Q4 relative to Q3. On the political front, France, Germany and the UK launched a mechanism on 31 January that will facilitate trade of essentials like food and medicine with Iran. However, with U.S. sanctions limiting trade in other types of goods, the move is unlikely to provide a significant boost to Iran’s economy. Also in January, Syria and Iran signed agreements to secure a strategic long-term relationship intended to boost economic ties.
Iran - GDP Data
|Economic Growth (GDP, annual variation in %)||-0.2||4.6||-1.3||13.4||-|
5 years of economic forecasts for more than 30 economic indicators.
Iran GDP Chart
Source: Central Bank of Iran.
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