CBI chief puts Iran’s last year economic growth at 1.1%

Tehran, June 13, IRNA – Abdolnaser Hemmati, the governor of Central Bank of Iran, said on Saturday that Iran’s economic growth, excluding oil revenues, last year stood at 1.1%. Hemmati, who wrote on his Instagram page, said that the agricultural sector made an 8.8% growth during the past year while industry and mine sectors grew by 2.3%. The service sector registered -0.2% growth in the mentioned period mainly due to the spread of the coronavirus disease (COVID-19) over the last quarter of the year, the official said. Reduction of the country’s oil revenues over the past year has caused the oil sector’s growth to stand at -38.7% due to which the economic growth, including oil, slashed to -6.5%, he added.