Iran expects 5% GDP growth

Iran is set to post gross domestic product (GDP) growth of over 5% and an inflation rate of some 15% for the current fiscal year, according to the governor of Iran’s central bank.

  • E-Mail
By  Richard Agnew Published  May 22, 2005

Iran is set to post gross domestic product (GDP) growth of over 5% and an inflation rate of some 15% for the current fiscal year, according to the governor of Iran’s central bank. Speaking on the sidelines of a meeting of central bank governors in the eastern Pakistani city of Lahore last week, Ebrahim Sheibani said Iran’s GDP growth had averaged 5.5% in the past five years and inflation 15.3%, while unemployment was currently 10.4%. “Unemployment rates may be at the same rate this year, inflation around 15% and GDP above 5%,” said Sheibani. “We expect (GDP) to be over 5%. Of course, we hope to reach even more than that. But this is my prediction now,” he added.

Add a Comment

Your display name This field is mandatory

Your e-mail address This field is mandatory (Your e-mail address won't be published)

Security code