CBI puts Q1-3 growth at 3.4%

Financial Tribune- Iran’s gross domestic product grew 3.4% during the first three quarters of the current fiscal year (March 21-Dec. 21, 2017) compared with last year’s corresponding period, according to the Central Bank of Iran’s report released on Sunday.

The CBI put Q1-3 growth rate, excluding oil production, at 4.1%.

The report shows that “industries and mines” sector had the highest growth in the period with 4.6%.

Agriculture, services and oil sectors expanded by 4.1%, 3.7% and 1.3% respectively.

The central bank’s report came after the Statistical Center of Iran put GDP growth at 4.4% for the same period. Excluding oil production, SCI said the economy grew by 4.7%.