The Iran Project
: The World Bank (WB) in its latest report put Iran’s economic growth in 2023 at 4.2 percent, which is twice higher than that of the average economic growth in the Middle East and North Africa (MENA) region.
Wednesday 10 January 2024 - 19:32
Story Code : 411585
Source : Mehr News
World bank puts Iran’s economic growth in 2023 at 4.2%
The World Bank had put Iran’s economic growth in 2022 at 3.8 percent.
The World Bank expects that Iran’s economy will grow by 3.7 percent in 2024.
The average economic growth in the Middle East and North Africa exceeded 1.9 percent in 2023.
Saudi Arabia’s economic growth was -0.5 percent in 2023 as the country experienced an economic recession in this period.
The average economic growth rate of the Organization of Petroleum Exporting Countries (OPEC) in the region stood at only 1.6 % in 2023.
Among the 19 countries of the Middle East and North Africa region, Iran was ranked 3rd in 2023 in terms of economic growth.
Reporter : Editorial of The Iran Project
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