The country’s economic growth reached 3.3 percent
According to the financial calculations of the Central Bank, based on the preliminary calculations of the Economic Accounts Department of the bank, GDP at base prices (and fixed prices in 2016) in the second quarter of 1400 to 4054.6 thousand billion Rials arrived, which compared to the second quarter of 1399, shows a growth of 1.0 percent. Also, economic growth without oil during the mentioned period was equal to 0.5 percent. The growth of GDP performance in the second quarter of this year is the result of the positive growth of value added of “Services” and “Oil” groups, equivalent to 4.2 and 7.4 percent, respectively, compared to the same period last year; Meanwhile, the groups “Agriculture” and “Industries and Mines” during the same period were affected by problems such as reduced rainfall and restrictions on electricity supply required by some industrial units in the summer of this year and also reduced the added value of construction activities by reducing Performance was 1.9% and 5.3%, respectively.
In total, the GDP of the country at constant prices in 2016 in the first half of 1400 reached 7530.5 thousand billion rials, which compared to the same figure last year has increased by 3.3 percent. Economic growth without oil in this period at constant prices in 2016 has grown by 2.4 percent. Economic growth in the first half of this year as a result of the positive growth of value added in the “services” and “oil” groups is 5.7 and 15.1 percent, respectively, compared to the same period last year. These groups had a share of 3.0 and 1.1 percentage points in economic growth in the first six months of this year, respectively. However, the growth of value added of “Agriculture” and “Industries and Mines” in the first six months of this year compared to the same period last year was -0.0 and -1.9 percent, respectively. 5.7% growth in value added of the service group in the first half of this year is mainly due to developments in the sub-sectors “Health and Social Welfare”, “Information and Communication”, “Transport and Warehousing”, “Public Administration, Defense and Social Security” And “Wholesale, retail and repair of motor vehicles” so that the mentioned groups had a share of 0.6, 0.6, 0.5, 0.4 and 0.4 percentage points of GDP growth, respectively. .
