BAKU, Azerbaijan, September 23. The value of GDP in Iran's industrial and mining sectors increased by 23 percent during three months of the last Iranian year (from March 20 through June 20, 2024) compared to the same period of last year (from March 21 through June 21, 2023).
The data obtained by Trend from the country's Central Bank shows that the value of GDP in the industrial and mining sectors amounted to 10 quadrillion rials (about $23 billion) during the three months. During the same period last year, the value of GDP in the industrial and mining sectors amounted to 8.18 quadrillion rials (about $18.7 billion).
According to statistics, the value of GDP in the industrial sector for the three months amounted to about 6.94 quadrillion rials (about $15.8 billion). This is a 22 percent increase compared to the same period last year. In the same period last year, the value of GDP in the industrial sector amounted to 5.68 quadrillion rials (about $13 billion).
The statistics add that the GDP volume of the mining sector for three months amounted to 814 trillion rials (about $1.8 billion). Compared to the same period last year, this figure increased by 20 percent. In the same period last year, the mining sector's GDP amounted to 676 trillion rials (about $1.5 billion).
Furthermore, the statistics show that the share of industry and mining sector in the GDP for the three months amounted to 25.7 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 for three months, if crude oil is counted, increased by 3.17 percent compared to the same period last year.
To note, Iran's Central Bank announced GDP statistics in both current prices and eight-year prices (from March 21, 2015 through March 20, 2016), which are considered an index for the country. The information includes current prices.