Iran (IMNA) - According to the Central Bank of Iran (CBI) Economic Accounts Department, Iran's gross domestic product (GDP) at fixed prices in 2016 showed a 4.5% growth in the 3rd quarter of the previous Iranian calendar year compared to the same period a year earlier.
Additionally, the country's economic growth without oil included in the mentioned period reached 3.9%.
The study of the investment situation in various economic sectors also revealed that the 'formation of the fixed gross capital' in the 3rd quarter of the last Iranian calendar year saw a 14.2% growth compared to the same period in the previous year.
The realization of 4.5% economic growth in the previous Iranian calendar year indicates the continuation of the growing trend of economic activities in the country.
The International Monetary Fund (IMF) had previously reported Iran's economic growth in 2023 to be 5.4%. The IMF also increased its estimate of Iran's economic growth in 2024 to 3.7%, citing a higher-than-expected surge in the country's oil production.
The IMF data showed that Iran's economic growth reached 5.4% in 2023 while the international agency had predicted a 3% growth for the country in the previous year.
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