Tehran (IP) – The International Monetary Fund (IMF) increased its estimate of Iran’s economic growth in 2024, citing a higher-than-expected surge in the country’s oil production.

Iran PressIran news:  The IMF, in its latest report published on February 22, forecast a 3.7 percent economic growth for Iran in 2024 while the figure in its October prediction was 2.5 percent.

According to the financial agency, Iran’s oil production in 2024 has exceeded 2.7 million barrels per day (bpd), 700,000 barrels higher than the volume produced in 2020.  

The IMF data also showed that Iran’s economic growth reached 5.4% in 2023 while the international agency had predicted a three percent growth for the country in the previous year.


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