Page 17 - IRANRptJun22

Sanctions drive
Komijani was also reported as stating that Iranian GDP expanded in the Persian year fourth quarter by 7.7%. That was said to have followed two successive quarters of growth beginning late July 2020.
Iran’s economy, excluding oil revenues, expanded by 2.5% in the last Persian year while the oil sector itself grew by 11.2%, according to the details given by the acting central bank chief.
“This situation indicates that the Iranian economy’s GDP has been out of recession in three quarters both with oil and without oil,” IRIB News quoted Komijani as saying.
Trump’s sanctions drive against Iran kicked in halfway through 2018, a year that brought a GDP contraction of 6%, according to the World Bank. Things worsened in 2019 as the sanctions screw was tightened, with economic output falling 6.8%. The World Bank estimated it to decline by 3.7% in 2020.
Iran - Main Macro Indicators
Nominal GDP (USD mn) 223,333.3 (Sep 2020)
Real GDP Growth (%) 4.8 (Sep 2020)
Nominal GDP Growth (%) 64.35 (Sep 2021)
GDP per Capita (USD) 6,996.71 (2020)
GDP Deflator Growth (%) 31.6 (Sep 2020)
Private Consumption Expenditure (USD mn) 167,256.72 (Sep 2021)
Private Consumption: % of GDP (%) 39.3 (Sep 2021)
Public Consumption Expenditure (USD mn) 54,439.47 (Sep 2021)
Public Consumption: % of GDP (%) 12.8 (Sep 2021)
Investment: % of GDP (%) 21.8 (Sep 2021)
17 IRAN Country Report June 2022 www.intellinews.com