TEHRAN:Head of Iranian Management and Planning Organization, Mohammad Baqer Nobakht, said in a statement that country’s gross domestic product (GDP) could accelerate to 2.5 percent in coming Iranian calendar year, which begins on March 21.
The country’s GDP grew 4 percent in the first half of the current Iranian calendar year.
The Fifth Five-Year Economic Development Plan (2010-2015) has envisaged a GDP growth of 8 percent, he said, adding that GDP grew 3 percent in 2010, but contracted 6.8 percent and 1.9 percent in 2012 and 2013, respectively.
The World Bank forecasted in its Global Economic Prospects report that Iran’s GDP will grow 2 percent and 2.3 percent in 2015 and 2016, respectively.
Iran’s GDP growth rate shrank 1.7 percent in 2013, according to the report.
The country’s GDP amounted to 1.022 quadrillion rials (about $28.5 billion) in the first half of the current year, the Central Bank of Iran reported.
