Page 15 - IRANRptDec20

GDP Deflator Growth (%) 34.1 (Mar 2020)
Private Consu​mption Expen​diture (USD mn) 73,35​7.143 (Mar 2020)
Private Consu​mption: % of GDP (%) 50.7 (Mar 2020)
Public Consu​mption Expen​diture (USD mn) 22,85​7.143 (Mar 2020)
Public Consu​mption: % of GDP (%) 15.8 ( Mar 2020)
Inves​tment: % of GDP (%) 25.8 (Mar 2020)
Gross Fixed Capital Formation (USD mn) 37,28​5.714 (Mar 2020)
Gross National Product (USD mn) 446,2​32.053 (2017)
Gross Savings Rate (%) 33.5 (Mar 2020)
Source: CEIC Data
4.0​ Real Economy 4.1​ Industrial production
Iran’s SMEs record 17% exports growth in first half of Persian year
The value of products produced by Iranian small and medium sized enterprises grew 16.7% y/y growth in the first six months of the 2020/2021 Persian calendar year (March 20 - September 22), Mehr News Agency reported on October 4.
The depreciation of the Iranian rial (IRR), which hit 300,000 to the USD for the first time ever last week on the unregulated free market, was the principal contributor to the boost in exports, with regional neighbours seeing Iranian products favourable in terms of their cost compared with locally produced items.
Deputy CEO of the Iran Small Industries and Industrial Park Organization (ISIPO), Asghar Masaheb, reportedly referred to the boost caused by the severe depreciation of the rial and said that the growth in exports was due to markets including Afghanistan and Iraq.
The total value of exported products in the H1 period stood at $1.74bn, at the fixed government exchange rate of IRR42,000 to one US dollar. In the H1 period of the previous Persian calendar year, the total value was $1.49bn.
15​ IRAN Country Report December 2020 www.intellinews.com