The oil and gas industry’s productivity has soared to 12.6 percent from -3.7 percent as domestic economy’s productivity rate has reached 3.7 percent from 0.8 percent, showing the country’s productivity and economic growth owes to the oil industry more than other sectors.   

The 13th administration has focused on beating off economic challenges since it took office in August 2021. A glance at statistics related to economic activities of different sectors shows that the slogan adopted in summer 2021 has been now put into action.

The country’s economic growth has witnessed increases since the 13th administration took over.

Signs of hope for finding a way out of the 2010s stagflation have now appeared thanks to the 13th administration’s efforts as the average economic growth in 2021 and 2022 rose to 4.2 percent, of which 75 percent owes to productivity growth.

The oil and gas industry has played a greater role when compared to other sectors’ shares in achieving the economic growth.

According to the figures released by the Statistical Center of Iran (SCI), the oil industry registered 19.8 percent and 25.6 percent growth in spring and summer 2023 respectively – 22.7 percent on aggregate in the six months – having a 16 percent role in increasing Iran’s gross domestic product (GDP).

The SCI data also showed that Iran's economic growth in summer 2023 stood at 7.1 percent if the oil sector’s growth included and 4.2 percent if excluded.