Iran H1 GDP growth at 0.4% (Mar-Sep 2018)

Financial Tribune – Iran’s gross domestic product hit 3,738 trillion rials ($33.38 billion at the exchange rate of 112,000 rials per dollar) during the first half of the current fiscal year (March 21-Sept. 22) to register a 0.4% growth compared with last year’s corresponding period, the Statistical Center of Iran’s latest report shows.

Excluding the share of oil sector from GDP, the figure stood at 2,899 trillion rials ($25.88 billion), which indicates a 0.3% growth year-on-year.

The breakdown of GDP for the three economic sectors shows only the services sector experienced growth with 2.3%. The two other sectors of agriculture and industry saw contractions of 2.5% and 1.2% respectively.iran eco