19 June 2024 - 17:03
  • News ID: 643234
Iran Registers Highest Rate of Growth in The Region

SHANA (Tehran) - Head of Central Bank of Iran (CBI), Mohammad Farzin, says that Iran has registered the highest rate of economic growth in the region.

Speaking in a ministerial meeting headed by acting president Mohammad Mokhber today, CBI chairman said that in 1402, the Iranian calendar year which ended on 20 March 2024, the growth rate of the gross national product was 4.5% at the base price, 5% at the market price, and 3.6% without oil sector, up against a year earlier figures, implying Iran’s year-on-year economic growth.

Citing the World Bank report on the regional countries rate of economic growth including Turkey, Egypt, Russia, Jordan, Republic of Azerbaijan, Pakistan, Saudi Arabia and Iraq, CBI head said that Iran with 5 percent economic growth last year is the highest in the region.  

Referring to the details, he said that the oil sector played the largest role in total economic growth with 10 percent followed by industry and mines sector with 6.5 percent and agricultural sector by 02 percent.

“This rate of growth is the result of the efforts made by all the government managers on the one hand and monetary and foreign exchange policies of the CBI on the other hand; hereby I would like to thank all of them sincerely.” He concluded. 

News ID 643234


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