Iran’s Economy to Grow 3.2% in 2024, WB Predicts

Date: 07 June 2024 - 22:22

News ID: ۱۲۸۰۸۵

TEHRAN – The World Bank (WB) in its latest report predicted that Iran’s economy will grow 3.2 percent in 2024 and the inflation rate will decrease to 35 percent.
According to the estimate of the international body, Iran’s economy experienced a 5 percent growth and 40.8 percent inflation in 2023.
The bank has forecast that the industrial sector in Iran will take the lead in 2024, experiencing a 4.9 percent growth, followed by the services and agricultural sectors with a 2.7 and 0.9 percent growth.
In addition, the World Bank has predicted that Iran’s export of goods and services will exceed 7.1 percent in 2024 compared to the preceding year.
Also, the bank predicted that import of products into the country will experience a 1.8 percent growth in 2024 compared to a year earlier.
The balance of Iran’s current accounts will also experience positive growth and reach 2.7 percent of the gross domestic product (GDP) in 2024.