Central Bank of Iran

Central Bank announces declining economic growth for October 2014

TEHRAN, Apr. 06 (MNA) – Central Bank of Iran has announced declining economic growth for the third quarter in fiscal year beginning March 21, 2014.

Iranian economic growth taking oil into account was 2.8 per cent; this growth, excluding the oil income, was 2.5 per cent, capturing the share of oil income in economic growth and gross domestic product being as 0.3 per cent of the whole economy.

In estimation for fall 2014, Central Bank reported gross domestic product according to a base prices for 2014 as $77.4bn.

The growth according to Central Bank for the first half of the fiscal year beginning March 21, 2014 was 4 per cent including oil incomes and 3.5 per cent excluding oil incomes. The growth for the second quarter was reported as 3.7 per cent with oil and 3 per cent without oil incomes.

By Mehr News Agency