BAKU, Azerbaijan, December 2. Iran's GDP (Gross Domestic Product) value increased by 2.6 percent during the six months of the current Iranian year (from March 20 through September 21, 2024), if crude oil is counted, compared to the same period last year (from March 21 through September 22, 2023).
The data obtained by Trend from the country's Central Bank shows that the value of GDP for the six months, including crude oil, amounted to about 50.7 quadrillion rials (about $108 billion) at current prices. However, in the same period last year, the figure was 48.7 quadrillion rials (about $104 billion).
Meanwhile, the Central Bank of Iran announced the GDP statistics in both current prices and eight-year-old prices (from March 21, 2015, through March 20, 2016), which are considered an index for the country. The information includes current prices.
The statistics indicate that excluding crude oil, the value of Iran's 6-month GDP was about 38.4 quadrillion rials (about $81.5 billion). Excluding crude oil, the GDP value increased by 4 percent compared to the same period last year. In the same period last year, excluding crude oil, the value of GDP amounted to 37.4 quadrillion rials (about $79.5 billion).
The information shows that compared to six months of last year, GDP in the oil and gas production sector increased by 8.8 percent in the first six months of this year. The agricultural sector recorded 2.9 percent growth; the mining sector 1.5 percent; the industrial sector 1.3 percent; the energy sector (electricity, water, and gas) 2.3 percent; and the manufacturing sector 2.5 percent in the service sector.
