Iran Q1 growth at 1.8%: Central Bank (March-June 2018)

Financial Tribune – Iran’s gross domestic product in the first quarter of the current fiscal year (March 21-June 21) stood at 1,676.7 trillion rials ($12.59 billion at Sanarate.ir’s Sunday exchange rate of 133,132 rials per dollar).

This shows a 1.8% rise compared with last year’s corresponding period, the Central Bank of Iran said in its latest report.

The economic growth reported by CBI is considerably lower compared to the rate of 4.6% in last year’s Q1.