economy Iran
Iran’s GDP contracts as oil and gas sector declines
10.1%
Iran’s GDP contracted year-on-year during the first Persian-calendar quarter.
Iran’s government-administered Statistical Center reported that GDP fell 10.1% year-on-year in the first Persian-calendar quarter. Oil and gas activity contracted by 26.4% amid the war and pressure on Iran’s exports.
1 sourceAl JazeeraUpdated
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- 10.1%
Iran’s GDP contracted year-on-year during the first Persian-calendar quarter.
“gross domestic product (GDP) shrank by 10.1 percent year-on-year”
- 26.4%
Iran’s crude oil and natural gas activity contracted compared with the same period a year earlier.
“Crude oil and natural gas activity contracted by 26.4 percent”
- 4.6%
Iran’s GDP excluding oil declined compared with the same period a year earlier.
“GDP excluding oil, by comparison, fell by 4.6 percent”