Page 17 - IRANRptOct22
P. 17
Sanctions drive
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) 393,335.2 (Dec21) 393,335.2 (Sep20)
Real GDP Growth (%) 7.2 (Dec21) 4.8 (Sep20)
Nominal GDP Growth (%) 58.94 (Dec21) 64.35 (Sep21)
GDP per Capita (USD) 11,162.24 (2021) 6,996.71 (2020)
GDP Deflator Growth (%) 48.2 (Dec 2021) 31.6 (Sep 2020)
Private Consumption Expenditure (USD mn)
185,987.48 (Dec21 167,256.72 (Sep21)
Private Consumption: % of GDP (%)
47.3 (Dec21) 39.3 (Sep21)
Public Consumption Expenditure (USD mn)
48,485.71 (Dec21) 54,439.47 (Sep21)
Public Consumption: % of GDP (%)
12.3 (Dec 2021) 12.8 (Sep 2021)
Investment: % of GDP (%) 25.9 (Dec 2021) 21.8 (Sep 2021)
Gross Fixed Capital Formation (USD mn)
101,816.01 (Dec21 92,759.58 (Sep21)
17 IRAN Country Report October 2022 www.intellinews.com