Iran Economic Monitor, Fall 2018 : Weathering Economic Challenges
Iranʼs GDP growth in 2017/18 eased considerably as the effect of large surge in oil revenues in the previous year dissipated. After undergoing an oil-based bounce in the economy in 2016/17, the economy registered a 3.8 percent growth in 2017/18 wit...
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World Bank, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/676781543436287317/Iran-Economic-Monitor-Weathering-Economic-Challenges http://hdl.handle.net/10986/31028 |
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okr-10986-310282022-08-02T18:41:45Z Iran Economic Monitor, Fall 2018 : Weathering Economic Challenges World Bank Group POVERTY LINE POVERTY MEASUREMENT POVERTY REDUCTION INEQUALITY ECONOMIC GROWTH ECONOMIC OUTLOOK EXTERNAL TRADE EXCHANGE RATES MONETARY POLICY PUBLIC FINANCE FISCAL TRENDS JOB CREATION LABOR MARKET OIL PRODUCTION Iranʼs GDP growth in 2017/18 eased considerably as the effect of large surge in oil revenues in the previous year dissipated. After undergoing an oil-based bounce in the economy in 2016/17, the economy registered a 3.8 percent growth in 2017/18 with the overwhelming majority of growth coming from the non-oil sectors. More than half of the growth can be attributed to services which grew by 4.4 percent. Oil, agriculture and services sectors are now back above the levels of activity they were prior to sanctions in 2012. But there was not a strong bounce back in the past two years for key sectors such as construction and trade, restaurant and hotel services following the stagnation in growth during the period of sanctions. The oil and gas sector witnessed a growth of 0.9 percent.Limited by the (Organization of the Petroleum Exporting Countries) OPEC quota for the agreed period, increasing production capacity or maintaining current production levels in the coming years would require a substantial increase in investments in the sector. However, the reintroduction of sanctions on the oil and gas sector in November 2018 by the United States (US) will mean the issue of export payments rather than investment needs will come to the fore. 2018-12-19T17:08:41Z 2018-12-19T17:08:41Z 2018-11-28 Report http://documents.worldbank.org/curated/en/676781543436287317/Iran-Economic-Monitor-Weathering-Economic-Challenges http://hdl.handle.net/10986/31028 English Iran Economic Monitor CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work Middle East and North Africa Iran, Islamic Republic of |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
POVERTY LINE POVERTY MEASUREMENT POVERTY REDUCTION INEQUALITY ECONOMIC GROWTH ECONOMIC OUTLOOK EXTERNAL TRADE EXCHANGE RATES MONETARY POLICY PUBLIC FINANCE FISCAL TRENDS JOB CREATION LABOR MARKET OIL PRODUCTION |
| spellingShingle |
POVERTY LINE POVERTY MEASUREMENT POVERTY REDUCTION INEQUALITY ECONOMIC GROWTH ECONOMIC OUTLOOK EXTERNAL TRADE EXCHANGE RATES MONETARY POLICY PUBLIC FINANCE FISCAL TRENDS JOB CREATION LABOR MARKET OIL PRODUCTION World Bank Group Iran Economic Monitor, Fall 2018 : Weathering Economic Challenges |
| geographic_facet |
Middle East and North Africa Iran, Islamic Republic of |
| relation |
Iran Economic Monitor |
| description |
Iranʼs GDP growth in 2017/18 eased
considerably as the effect of large surge in oil revenues in
the previous year dissipated. After undergoing an oil-based
bounce in the economy in 2016/17, the economy registered a
3.8 percent growth in 2017/18 with the overwhelming majority
of growth coming from the non-oil sectors. More than half of
the growth can be attributed to services which grew by 4.4
percent. Oil, agriculture and services sectors are now back
above the levels of activity they were prior to sanctions in
2012. But there was not a strong bounce back in the past two
years for key sectors such as construction and trade,
restaurant and hotel services following the stagnation in
growth during the period of sanctions. The oil and gas
sector witnessed a growth of 0.9 percent.Limited by the
(Organization of the Petroleum Exporting Countries) OPEC
quota for the agreed period, increasing production capacity
or maintaining current production levels in the coming years
would require a substantial increase in investments in the
sector. However, the reintroduction of sanctions on the oil
and gas sector in November 2018 by the United States (US)
will mean the issue of export payments rather than
investment needs will come to the fore. |
| format |
Report |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
Iran Economic Monitor, Fall 2018 : Weathering Economic Challenges |
| title_short |
Iran Economic Monitor, Fall 2018 : Weathering Economic Challenges |
| title_full |
Iran Economic Monitor, Fall 2018 : Weathering Economic Challenges |
| title_fullStr |
Iran Economic Monitor, Fall 2018 : Weathering Economic Challenges |
| title_full_unstemmed |
Iran Economic Monitor, Fall 2018 : Weathering Economic Challenges |
| title_sort |
iran economic monitor, fall 2018 : weathering economic challenges |
| publisher |
World Bank, Washington, DC |
| publishDate |
2018 |
| url |
http://documents.worldbank.org/curated/en/676781543436287317/Iran-Economic-Monitor-Weathering-Economic-Challenges http://hdl.handle.net/10986/31028 |
| _version_ |
1764473428271693824 |