Iran's non-oil GDP rises by 6.3 pct in strong rebound

[Shapur Zol Aktaf]

TEHRAN, May 31 (Xinhua) -- Iran's non-oil gross domestic product (GDP) has shown 6.3 percent growth during the past Iranian calendar year (March 2016-March 2017), the Statistical Center of Iran said, according to Tehran Times daily report on Wednesday.

The GDP growth, including the oil sector, touched 8.3 percent in the same period, the report said.

Non-oil GDP in the past Iranian year stood at 641.37 trillion rials (about 17.19 billion U.S. dollars), while the GDP including oil reached 673.09 trillion rials (about 18.04 billion dollars).

The International Monetary Fund (IMF) has forecast Iran's GDP growth to rebound to 6.6 percent in 2016/17.

Iran's economic growth has rebounded on the back of higher oil production, higher foreign direct investment, and a gradual improvement in domestic financial conditions.
http://news.xinhuanet.com/english/2017-05/31/c_136328906.htm

 

[mohsen]

This news is an instance of "science of telling lies using the statistics".

non-oil GDP or better to say Gas GDP!
a momentary boost which was due to the completion of the gas projects which Ahmadinejad and IRGC started.


during four years of Rouhani's administration not even a single new project was launched, after completion of each gas phase in south, workers are getting unemployed cause simply there is no new project and meanwhile government and his fans are busy fooling people with these statistics.

furthermore this oil and gas export wont lead to economic growth, cause we don't receive the money, government has to buy their product and services in return, which leads to even more unemployment in Iran.

https://tradingeconomics.com/iran/gdp