16:47 - 19.09.2024

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September 19, Fineko/abc.az. Iran's economic growth has almost halved compared with 2023.

ABC.AZ informs that this is stated in the latest report of the Central Bank of Iran. According to the report, the economy grew by 3.2% in the spring of this year, and by 5.7% in the relevant period of 2023.

It is linked with a significant decrease in country’s economic growth, the two-fold cheapening of the added value of petroleum products. It was noted that in the spring of last year, growth in this area made up 16.5%, and for the reported term of this year – 9.5%.

According to the International Monetary Fund (IMF), economic growth in Iran made up 4.7% last year. This year, the indicator will reduce to 3.3% and next year to 3.1%.

The other day, Iranian President Masoud Pezeshkian said that investments in the amount of $200 billion are needed to achieve 8% economic growth: "And the total volume of investments in the country does not exceed $100 billion. That's why we need hundreds of billions of dollars of foreign investments."

According to UN statistics, last year the Iranian authorities attracted $1.5 billion of foreign direct investments into the economy.