News ID: 124575
Publish Date : 12 February 2024 - 21:50

PBO Chief: Iran World’s 19th Largest Economy

TEHRAN – The head of Iran’s Plan and Budget Organization (PBO) Davood Manzour has said the country is the 19th largest economy in the world with a gross domestic product (GDP) of $1.81 trillion (according to the Purchasing Power Parities (PPP).
In a post on X, formerly known as Twitter, Davood Manzour put the gross domestic product of the country at $1.81 trillion.
He went on to say that Iran’s GDP will reach $2.5 trillion within the next five years, IMENA news agency reported.
On November 27, 2023, the Statistical Center of Iran (SCI) reported a 7.1 percent hike in Iran’s GDP between June and August, almost half of which was due to the energy sector growth.
The International Monetary Fund (IMF) in its latest report put Iran’s economic growth in 2023 at 5.4%.
In a report on the World Economic Outlook, which is published once every three months, the international monetary body said that Iran registered a 5.4% economic growth in 2023, showing a considerable increase compared to a year earlier.