BAKU, Azerbaijan, September 19. The value of the total gross domestic product value of Iran's oil and gas sector increased by 39 percent during the three months of the current Iranian year (from March 20 through June 20, 2024) compared to the same period last year (from March 21 through 21 June 2023).
The data obtained by Trend from the country's Central Bank shows that during the three months (from March 20 through June 20, 2024), the value of the GDP of the oil and gas sector amounted to 4.22 quadrillion rials (about $9.74 billion) in current prices.
Statistics show that for the same period last year (from March 21 through June 21, 2023), the figure stood at about 3.04 quadrillion rials (about $7 billion).
Furthermore, the information indicates that the share of the oil and gas sector in Iran's total domestic value of raw materials products amounted to 10.8 percent.
Meanwhile, the value of GDP for three months, including crude oil, amounted to 39 quadrillion rials (about $90.5 billion) at current prices. Iran's GDP value increased by 3.17 percent over three months, if crude oil is counted, compared to the same period last year.
To note, the Central Bank of Iran announced the GDP statistics in both current prices and 8-year period prices (from March 21, 2015 through March 20, 2016), which are considered an index for the country. The information includes current prices.