The governor of the Central Bank of Iran Abdolnaser Hemmati

Tehran (IP) - The governor of the Central Bank of Iran, Abdolnaser Hemmati said that the economic growth without oil in 2019 was equivalent to 1.1 percent and the growth of industry and mining sector reached 2.3 percent.

Iran PressIran news: The governor of the Central Bank of Iran Abdolnaser Hemmati wrote in a post on his Instagram page on Saturday that "As previously predicted by the Central Bank, the report on economic developments in the real sector of Iran's economy in the year 1398 (starting from March 21, 2019) shows the positive growth of the country's economy without oil last year."

Explaining the details of economic growth in various sectors, he added, "The growth in the agricultural sector is 8.8 percent, industry and mining is 2.3 percent and services are mainly minus 0.2 percent due to the outbreak of Coronavirus."

The governor of the Central Bank of Iran stated, "Due to the decrease in oil revenues, the growth of this sector was minus 38.7 percent, as a result of which economic growth with oil reached minus 6.5 percent."

In mid-February, Hemmati announced that Iran’s economy is getting out of recession, while major economic indices are experiencing stability.

Also in January, Iranian President Hassan Rouhani said the national income has gone up thanks to a rise in the exports of non-oil goods.


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