Page 14 - IRANRptMar19

Iran records Persian Q1 GDP growth of 1.8%
Iran’s GDP grew 1.8% y/y in the first quarter of the Persian year (ended June 21), the Central Bank of Iran (CBI) said on September 16.
Iranian economic growth is expected to move into negative territory in the second Persian quarter because the worst effects of the collapse of the Iranian rial (IRR) set in during that three-month period. The currency has lost more than 70% of its value over six months with the economic pressure generated by Washington’s reimposition of sanctions on Tehran taking a heavy toll.
The anaemic growth rate seen in the first quarter stands in stark contrast to the figure recorded for the same period of the previous Persian year, namely 4.6%.
4.0 Real Economy
Iran - Main Macro Indicators
2012 2013 2014 2015 2016 2017 Mar-2018 Jun-2018
Annual GDP (y/y)
-6.6 -1.9 4.3 4.4 12.5 4.3 2.9 1.8
GDP (per capita) (USD)
7,719.77 7,931.07 6,007.46 5,579.25 4,899.68 5,230.09 5,492.19 / (2018)
GDP: Final consumption expenditure: Private (IRR bn)
3,208,428 4,505,167 5,262,427 5,656,000 6,236,000 7,032,000 1,908,000 1,991,000
GDP: Final consumption expenditure: Government (IRR bn)
713,990 868,334 1,160,266 1,301,000 1,700,000 1,952,000 665,000 469,000
GDP: Gross fixed capital formation, (IRR bn)
1,809,515 2,386,025 3,048,276 2,606,000 2,552,000 2,885,000 994,000 /
GDP: Exports, (lRR bn)
473,222 376,386 376,240 421,236 / /
GDP: Imports, (IRR bn)
449,701 345,821 281,210 265,210 / /
Source: CEIC; Central Bank of Iran
14 IRAN Country Report March 2019 www.intellinews.com