The Central bank of Iran (CBI) in its latest annual state-of-economy report, published today in Tehran, did not reveal the country’s rate of economic growth for the Iranian calendar year 1388 (ending 20 March 2010). This is the second consecutive year that the CBI is refusing to publish the country’s most vital economic statistics. It is believed that the CBI is under government pressure not to publish the sharp decline in the rate of economic growth in the past two years. The IMF estimates the rate to be under 1% for the period.
The CBI report shows Iran’s oil exports averaging at 2.24 million barrels a day for the period, the lowest figure in many years. The oil production for the year (ending 20 March 2010) shows a steep decline to 3.56 million barrels a day, a 10% decline from the previous year.
The country’s non-oil exports rose sharply to $21.3 billion in the period. Although the CBI report did not provide details, but this figure is thought to include the export of refined oil products.
The country’s foreign debts remained almost unchanged at $21.6 billion, which includes $8.8 billion in short-term debts.
For a detailed report on CBI’s statistics, please see Donya-e Eghtesad (in Farsi).