BAKU, Azerbaijan, March 17. Iran's Gross Domestic Product (GDP) from March 20 to December 20, 2024, has risen by 31.4 percent compared to the corresponding period last year, from March 21 to December 21, 2023, when assessed with crude oil included.
Data obtained by Trend from the Central Bank of Iran shows that the GDP, including crude oil, for the first nine months is estimated at 154 quadrillion rials (about $265 billion) based on current prices. In contrast, the same period last year saw a value of 117 quadrillion rials (about $202 billion).
The Central Bank of Iran publishes GDP statistics using both current prices and the index of the country's prices from eight years ago (from March 21, 2015, through March 20, 2016). The current price figures are provided in this case.
The data also indicates that without accounting for crude oil, Iran's GDP for the first nine months is valued at 141 quadrillion rials (about $243 billion). Excluding crude oil, the GDP value increased by 33.1 percent compared to the same period last year, when it was 106 quadrillion rials (about $182 billion).
According to the statistics, compared to last year, in the first nine months of this year, the GDP growth in sectors such as crude oil and gas extraction was up by 14.6 percent, agriculture saw an increase of 33.8 percent, mining rose by 22.6 percent, the industrial sector grew by 22.9 percent, the energy sector (electricity, water, and gas) grew by 10.2 percent, and the services sector saw a rise of 38.7 percent.
To note, the Central Bank of Iran and the Statistics Center of Iran both provide GDP-related statistics, with some discrepancies noted between the two sources.
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