Iran’s GDP rose by 43.7% in year to March 2021: CBI

[Aramagedon]

Figures by the Central Bank of Iran (CBI) showed that the country’s gross domestic product (GDP) increased by nearly a half in the Iranian year to March 20.

A report by IRNA cited CBI figures showing that GDP surged to 35,085 trillion rials ($132.4 billion) in the year to March 20, up 43.7% against 24,413 trillion rials reported in the previous year.
Calculated on prices of baseline year 2011, when one US dollar was equal to 38,000 Iranian rials, GDP rose by 3.4% to 6,499 trillion rials ($171 billion), showed CBI figures.
The figures are consistent with CBI reports released earlier this year suggesting that Iran’s economy had expanded by 3.6% last Iranian year after two consecutive periods of contraction.
The Iranian economy has been struggling in recent years under the double burden of US sanctions and a major outbreak of the coronavirus pandemic.
The country has seen high but controlled levels of inflation since the US sanctions were imposed in 2018.
The sanctions have hampered Iran’s normal sales of crude but have spurred more manufacturing and agricultural activity in the country.
However, GDP started to return to positive growth region in second quarter of last Iranian year in late September.
The IRNA report showed that Iran’s net national income had topped 28,121 trillion rials ($106.1 billion) in the year to March 2020, 150% up against the previous year.
Gross national saving, a sum reached by deducting consumption expenditures from national income, reached 13,010 trillion rials ($49.09 billion).

Iran Daily - Number Seven Thousand Six Hundred and Twenty Three - 10 August 2024

irandaily.ir

Death to yankees.

 

[makranman]

Figures by the Central Bank of Iran (CBI) showed that the country’s gross domestic product (GDP) increased by nearly a half in the Iranian year to March 20.

A report by IRNA cited CBI figures showing that GDP surged to 35,085 trillion rials ($132.4 billion) in the year to March 20, up 43.7% against 24,413 trillion rials reported in the previous year.
Calculated on prices of baseline year 2011, when one US dollar was equal to 38,000 Iranian rials, GDP rose by 3.4% to 6,499 trillion rials ($171 billion), showed CBI figures.
The figures are consistent with CBI reports released earlier this year suggesting that Iran’s economy had expanded by 3.6% last Iranian year after two consecutive periods of contraction.
The Iranian economy has been struggling in recent years under the double burden of US sanctions and a major outbreak of the coronavirus pandemic.
The country has seen high but controlled levels of inflation since the US sanctions were imposed in 2018.
The sanctions have hampered Iran’s normal sales of crude but have spurred more manufacturing and agricultural activity in the country.
However, GDP started to return to positive growth region in second quarter of last Iranian year in late September.
The IRNA report showed that Iran’s net national income had topped 28,121 trillion rials ($106.1 billion) in the year to March 2020, 150% up against the previous year.
Gross national saving, a sum reached by deducting consumption expenditures from national income, reached 13,010 trillion rials ($49.09 billion).

Iran Daily - Number Seven Thousand Six Hundred and Twenty Three - 10 August 2024

irandaily.ir

Death to yankees.

that's what happens when you order the accountant: "increase the DAMN GDP."

also, they used 265,795 rials for each dollar in their calculations for march 2021. now march 2020, the dollar war around 150,000 rials. which means the GDP was around 162,753,333,333 dollars (162 Billion). I think you get the picture. the economy got almost 19% smaller. 19 @#$%ing percent.
If it was the US, they would call it black hole day or satan year or something... I think we are watching the fall of Iran, in slow motion.

P.S.: real-time dollar prices: https://www.tgju.org/profile/price_dollar_rl

 

[aryobarzan]

GDP of iran in year 2020 as calculated by the world Bank is $628 billion dollars...CBI calculation are different from that of the world Bank.

 

[makranman]

GDP of iran in year 2020 as calculated by the world Bank is $628 billion dollars...CBI calculation are different from that of the world Bank.

well, the way each of them calculates the number doesn't change year by year, right? my point still stands: the economy is smaller this year by 20 percent by the official numbers from CBI.
also, that is 7 times the difference. I don't really remember all the things I learned from Macro Economy courses, but I am sure there is no way to have such a crazy difference... so I checked:

Iran, Islamic Rep. | Data

Iran, Islamic Rep. from The World Bank: Data

data.worldbank.org

anyhoo... there is no defense here. the economy is getting smaller and smaller. the only time it actually grew in the last decade, was the few years before trump.

 

[zartosht]

that's what happens when you order the accountant: "increase the DAMN GDP."

. I think we are watching the fall of Iran, in slow motion.

P.S.: real-time dollar prices: https://www.tgju.org/profile/price_dollar_rl

your full of shit.....

Even western sources that are extremely hostile to Iran are reporting GDP growth.... im not saying Irans economy is booming, but facts are facts..

Also PPP is a far FAAAR more relevant number when it comes to true living standards... a average haircut for a man in the west costs 20-40$ while a haircut in Iran costs 3$~ or less for men..... GDP doesnt account for that. and assumes an Iranian and a western person spend the exact same on services and domestic goods. which is false..

if that Iranian took his rials to the west to get a haircut, thats when the GDP numbers become relevant.

Iran is a very self sufficient country that domestically produces the vast majority of its own needs. for Iran PPP is the most important number to take into account.

Also Iran is chugging along, and becoming even more self sufficient thru the worse economic warfare the west can possibly throw at it. this economic warfare would have caused mass starvation to any other country on earth by now (let alone GDP growth)

Its also worth noting that Iran is an extremely stable country, with the government having full control over 100% of the country. That itself is huge when it comes to a potential economy.

that means as soon as the west stops being zionist slaves, and sees what a bloodsucking parasite Israel is, and it stops its state of war with Iran to concentrate on the existential threat from CHINA..

when that happens. then you will see what a stable IRan, with many trilllions of dollars worth of energy wealth can do economically....

 

[makranman]

your full of shit.....

Even western sources that are extremely hostile to Iran are reporting GDP growth.... im not saying Irans economy is booming, but facts are facts..

Also PPP is a far FAAAR more relevant number when it comes to true living standards... a average haircut for a man in the west costs 20-40$ while a haircut in Iran costs 3$~ or less for men..... GDP doesnt account for that. and assumes an Iranian and a western person spend the exact same on services and domestic goods. which is false..

if that Iranian took his rials to the west to get a haircut, thats when the GDP numbers become relevant.

Iran is a very self sufficient country that domestically produces the vast majority of its own needs. for Iran PPP is the most important number to take into account.

Also Iran is chugging along, and becoming even more self sufficient thru the worse economic warfare the west can possibly throw at it. this economic warfare would have caused mass starvation to any other country on earth by now (let alone GDP growth)

Its also worth noting that Iran is an extremely stable country, with the government having full control over 100% of the country. That itself is huge when it comes to a potential economy.

that means as soon as the west stops being zionist slaves, and sees what a bloodsucking parasite Israel is, and it stops its state of war with Iran to concentrate on the existential threat from CHINA..

when that happens. then you will see what a stable IRan, with many trilllions of dollars worth of energy wealth can do economically....

honestly, I am no economist. but even I can say, current instability and sanctions are hurting bad and it will not get any better in near future.
this is the PPP chart. it actually went up in 2020. but the downtrend since 2011 stands. and I like to see the 2021 charts. you know, the pandemic, sanctions, etc, etc...

World Bank Open Data

Free and open access to global development data

data.worldbank.org

 

[PAKISTANFOREVER]

Figures by the Central Bank of Iran (CBI) showed that the country’s gross domestic product (GDP) increased by nearly a half in the Iranian year to March 20.

A report by IRNA cited CBI figures showing that GDP surged to 35,085 trillion rials ($132.4 billion) in the year to March 20, up 43.7% against 24,413 trillion rials reported in the previous year.
Calculated on prices of baseline year 2011, when one US dollar was equal to 38,000 Iranian rials, GDP rose by 3.4% to 6,499 trillion rials ($171 billion), showed CBI figures.
The figures are consistent with CBI reports released earlier this year suggesting that Iran’s economy had expanded by 3.6% last Iranian year after two consecutive periods of contraction.
The Iranian economy has been struggling in recent years under the double burden of US sanctions and a major outbreak of the coronavirus pandemic.
The country has seen high but controlled levels of inflation since the US sanctions were imposed in 2018.
The sanctions have hampered Iran’s normal sales of crude but have spurred more manufacturing and agricultural activity in the country.
However, GDP started to return to positive growth region in second quarter of last Iranian year in late September.
The IRNA report showed that Iran’s net national income had topped 28,121 trillion rials ($106.1 billion) in the year to March 2020, 150% up against the previous year.
Gross national saving, a sum reached by deducting consumption expenditures from national income, reached 13,010 trillion rials ($49.09 billion).

Iran Daily - Number Seven Thousand Six Hundred and Twenty Three - 10 August 2024

irandaily.ir

Death to yankees.

We Pakistanis seriously need to emulate the Iranian model. It is highly successful.