Iran's economic growth multiplies by 9 in three years
Pars Today - The Governor of the Central Bank of Iran announced that Iran's economic growth has multiplied by 9 in the past three years.
Economic growth refers to the increase in the production of goods and services in a given period compared to the previous period.
According to Pars Today, Mohammad Reza Farzin, the Governor of the Central Bank of Iran, stated that Iran's average economic growth in the 90s (from 2012 to 2019) was only 0.5%. However, Iran's average economic growth in the past three years (from the second half of 2022 to 2023) has increased to 4.5%.
Farzin added that Iran's economic growth in the past three years has been 2.7% higher than the 20-year average.
Moreover, Iran's non-oil economic growth in the past three years has been more than 3 times higher than in the last decades, and the growth of the industrial sector has increased by more than 9 times. Additionally, the fixed capital formation growth, which was -7.1% in the last decade, has reached 6.4% in the past three years.
In recent decades, economic sanctions have become a tool for powerful countries to exert pressure on independent countries in the global arena. Since the early 1990s, the US, the European Union, and other developed economies have imposed hundreds of economic sanctions on other countries.
The enemies of the Iranian people have also been trying to harm the country's economy by imposing cruel sanctions since the victory of the Islamic Revolution, and have not spared any industry.
Key phrases: US sanctions against Iran, Iran's economic growth, Iran's progress
MG/ME
