(MENAFN) Iran’s economy experienced a four percent growth in the first half of the current Iranian calendar year (March 21–September 22, 2024), according to a report by the Iranian Statistical Center. Excluding the oil sector, economic growth reached 2.6 percent, demonstrating a moderate yet stable upward trend in non-oil industries.

The country’s gross domestic product (GDP), calculated at constant 2021 prices, totaled 5.069 quadrillion rials (approximately USD101.38 billion) when including oil revenues, and 3.837 quadrillion rials (approximately USD76.74 billion) without oil. These figures represent increases from the same period in the previous year, when the GDP was recorded at 4.872 quadrillion rials (around USD97.44 billion) with oil and 3.740 quadrillion rials (around USD74.8 billion) excluding oil contributions.

Economic growth was distributed across several key sectors. The agriculture sector achieved a 2.9 percent growth, while industries and mining expanded by 5.3 percent. The services sector showed a more modest growth of 2.5 percent, reflecting a steady recovery in domestic and commercial activities. These gains highlight Iran’s ability to foster growth despite external and internal economic challenges.

The report detailed the economic structure by categorizing it into agriculture, industries and mines, and services, in accordance with the ISIC Rev. 4 classification system. Subdivisions such as crop production, natural gas distribution, manufacturing, and real estate contributed significantly to the economy. The data underscores the resilience of Iran’s economy, with natural gas distribution and crude oil production being pivotal to its continued performance amidst global uncertainties.

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