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21 Sept 2026, 05:15

The Statistical Center of Iran announced on Sunday, September 29, that the economic growth rate for the first three months of the current year was negative 10.1 percent.

According to the report from this center, which has been reflected in the Islamic Republic News Agency (IRNA), the country's gross domestic product during these three months was 21,795 billion rials, which is more than ten percent lower than the same period last year, when it was 24,255 billion rials.

The significant decline in Iran's economic growth comes at a time when the inflation rate in the country has also sharply increased, reaching about 80 percent according to the latest announced statistics.

On the other hand, the value of Iran's national currency continuously decreased in September, with the price of the US dollar setting new records. Additionally, senior government officials have reported severe restrictions on exports and imports and an energy deficit.
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