BAKU, Azerbaijan, December 24. The value of the total gross domestic product value of Iran's oil and gas sector increased by 16.7 percent during the six months of the current Iranian year (from March 20 through September 21, 2024) 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 during the six months (from March 20 through September 21, 2024), the value of the GDP of the oil and gas sector amounted to 8.54 quadrillion rials (about $15.2 billion) in current prices.
Statistics show that for the same period last year (from March 21 through September 22, 2023), the figure stood at about 7.32 quadrillion rials (about $13 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 8.6 percent.
Meanwhile, the value of GDP for six months, including crude oil, amounted to 99.6 quadrillion rials (about $177 billion) at current prices. Iran's GDP value increased by 30.6 percent over six 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.