Central Bank of Iran: Q3 Growth at 1.2%

Iran's gross domestic product in the third quarter of the current Iranian year (March 21-Dec. 21, 2019) stood at +1.2%, Governor of the Central Bank of Iran Abdolnasser Hemmati wrote in an Instagram post.

He added that the growth stood at +3.3%, excluding oil production.

According to the CBI governor, the sectors of agriculture, industry and mines, as well as services, grew by 7.8%, 7% and 1.2% respectively.

He put economic growth sans oil during the nine-month period to Dec. 21 at +1.3%.

His comments come after the head of Statistical Center of Iran, Javad Hosseinzadeh, said last month that Iran's gross domestic product, excluding oil production, recorded a positive growth rate of 0.9% in the third quarter of the current fiscal year (Sept. 23-Dec. 21).

The overall GDP growth, including oil production, however, stood at -1.7% for the period, the SCI official said.

The sectors of agriculture, industries and mines, as well as services, according to Hosseinzadeh, registered growth rates of -1.4%, -1.9%, and -0.7% respectively in Q3

He put Q1-3 economic growth at -7.6%, adding that the figure stands at 0%, excluding oil production.

"The sectors of agriculture, industries and mines, as well as services, registered growth rates of 3.2%, -16.6% and -0.2 respectively for the Q1-3 period," he added.