Code: 269062 A

ILNA: Iran’s economic growth rate that had fallen to - 9% in 1st three months of Iranian year of 1392(March 20 to June 20,2013) rose to + 3.7% during the 2nd three months of 1393(June 22 to Sept 21,2014) thanks to financial discipline of the current government.

According to the economic statistics published by the Central Bank of Iran, the country’s economic growth rate was ۶.۷% during the first three months of ۱۳۸۹(March ۲۰ to June ۲۰,۲۰۰۰).

In the year ۱۳۸۴(۲۰۰۵), the first year of former Iranian president’s tenure, the government’s oil income was $۵۳.۸۳ billion, but a year later thanks to the good luck of ۹th government it increased to over $۶۲ billion. In the year ۲۰۰۷ Iran’s oil income increased even more and reached $۸۱.۶ billion and a year later it stood at $۸۱.۶ billion.

Even in the year ۲۰۰۹ when the Iranian oil income dropped to $۶۲ billion it was a temporary phenomenon as in the following year, ۲۰۱۰ it once again climbed to $۷۴ billion.

It is noteworthy that the year ۲۰۰۱(۲nd year of Ahmadinejad’s tenure) was the golden year in terms of oil sales, as Iran gained $۱۱۳ billion, but the peak was never repeated and the declining trend began instead.

Economic surveys show that in the years ۲۰۰۰ and ۲۰۰۱ the Iranian oil incomes increased drastically which should have also been reflected in terms of economic growth, but it led to a minus ۹% growth due to the ۹th and ۱۰ government’s economic conduct.

Improvement of the Iranian economy and reversing the negative economic growth trend began with coming to power of the ۱۱th government, despite highly lowered oil incomes.

During the ۱st three months of the current Iranian year of ۱۳۹۳(March ۲۰, to May ۲۰,۲۰۱۴) the country’s economic growth reached ۴.۴% and during the ۲nd three months it stood at ۳.۷% according to the Central Bank statistics.

Since the government of President Rouhani has managed to rid the Iranian economy of the catastrophic conditions it was faced with during the high oil income period, it is still too soon to judge about the country’s economic performance given the falling oil prices and its effects on the national economy.

The iran year economic growth
Send Comment