Iran’s Economic Growth Rate Touches 6.7%

A03210731.jpgTEHRAN (FNA) – The Central Bank of Iran (CBI) announced here on Friday that the country’s economic growth rate in the first half of the current Iranian calendar year (started March 21, 2007) reached 6.7 percent, a 0.7 percent rise in comparison to that of the same period in its previous year.According to the CBI report, Iran’s gross domestic production witnessed a 6.7 percent growth reaching from 235,694 billion rials in the fiscal year ended Sep. 20, 2006 to 251,423 billion rials in the corresponding period of 2007, Tehran Times said.

The report put the reason for the growth at production rise in agriculture, industry, construction, and transportation sectors.

Iran’s industries and mines sector saw an 11.7 percent growth in the mentioned period, accounting for 2.6 percent of the whole 6.7 percent of the anticipated economic growth, showing one percent rise in comparison to the preceding year.

The government is attempting to diversify away from oil by investing revenues in other areas of the economy, including, car manufacturing, aerospace industries, consumer electronics, petrochemicals and nuclear technology.

Also, Iran has a great potential for development in mining, tourism, information and communication technology

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