Iran News ...


09/23/08

Iran sees growth in GDP, trade balance

TEHRAN, Sept. 22 (Mehr News Agency) - Iran's gross domestic production (GDP) growth rate in the last calendar year (ended March 19, 2008) touched 6.9 percent. Taking oil incomes into account, the GDP valued at over 2.623 quadrillion rials ($272.05 billion).

According to IRIB, the GDP growth rate in the Fourth Five-Year Socioeconomic Development Plan (2005-2010) is targeted at 7.8 percent.

GDP is defined as the total market value of all final goods and services produced within the country in a given period of time (usually a calendar year). It is also considered the sum of value added at every stage of production (the intermediate stages) of all final goods and services produced within a country in a given period of time, and it is given a money value.

The Central Bank of Iran reported here on Monday that the country's trade balance, including oil commodities, in the last calendar year was positive and reached $40.819 billion.

Iran exported $97.401 billion worth of products in the past calendar year while it imported some $56.582 billion in the same period.

... Payvand News - 09/23/08 ... --



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