Iran’s economy grew by 1.4% in two months

Tehran, IRNA – Parliament Research’s Center, in a report monitoring Iran’s real economic sector, has announced that the country’s gross domestic product (GDP) grew by 1.4% in the first two months of the current Iranian year (starting on March 21) compared to the same period last year.

Additionally, non-oil economic growth was reported at 1.2%.

The agriculture sector saw a negative growth of 3.5% in value added. The crude oil and natural gas sector grew by 2.9%, while the industries and mining sector experienced a negative growth of 2.6%. The services sector recorded a growth of 3% in this period.

Iran’s monthly economic growth in the third month of the Iranian calendar year stood at 0.1%, while non-oil economic growth was estimated at -0.2%.