Economic growth reached 5.3%/ 16.6% jump in capital formation in Iran’s economy

According to the economic reporter of Fars news agency, Peyman Ghorbani, the economic vice president of the central bank, said in a live connection with the news section of 14 Sima: The economic growth calculated by the central bank today is 5.3 percent at the base price of 2015 with oil and Without oil, it reached 4.5%, these figures were 4.8% last year.

He continued: This year’s economic growth was 2.2% in the first quarter, 3.6% in the second quarter, and 5.3% in the third quarter, which is an increase compared to the previous year.

The economic vice president of the central bank said that the growth rate of agriculture was 1.1%, oil growth was 15.4%, industry and mining sector was 8.9%, industry sector was 11.6%, services was 3.3%.

Ghorbani also said: In the 9 months of this year, economic growth was 3.7% with oil and 3.2% without oil. The components of gross domestic expenditure promising figures show that private sector consumption grew by 11.9% in the fall season, while this figure was 2.9% in the previous year. The consumption of the public sector has grown by 16%, the process of fixed capital formation in the third quarter has grown by 16.6%, in the machinery sector by 28.3%, and in the construction sector by 6.9%.

He also said: The growth of the construction sector has been due to construction projects and the boom in construction, the import of machinery and the use of machinery in factories, which shows a positive and promising economic growth trend. A positive trend is also observed in investment.

The deputy of the Central Bank stated that the inflation rate in the year ending in Bahman this year was 43.6 percent and said: “The changes in the inflation rate in the manufacturing sector show that it was 36.1 percent.”

Ghorbani said: “Most of the market inflammations in the exchange rate have caused an increase in inflation, and these inflammations were caused by the combined war against the country’s economy, which we witnessed in the recent developments, but the central bank is trying to control the inflation rate due to the currency shocks with its policies, and we hope that next year The effect of currency fluctuations on inflation should be reduced to a minimum.

The vice president of economics of the central bank said about the control of liquidity growth rate: In March 1400, liquidity growth was 39%, now in 12 months, this rate has reached 32% at the end of Bahman, and liquidity growth in 11 months of this year was 26.3%, and as In the monetary policy program, the goal of liquidity growth of 30% is considered, and the president emphasized that in the meeting with the central bank, we will reach this goal.

He also added: the growth of liquidity is limited and the economic growth has taken a good path and we did not have the cost of economic growth in anti-inflationary policies and the effort is to reflect the economic growth in people’s lives and make the people’s table prosper and reduce the inflation rate. Slow because the recent inflation made people’s taste bitter, but the economic developments caused by the growth of investment and the positive trend of economic growth show that people’s lives will be better in the future.

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