Skip to main content

Decoding Iran's economic indicators

Though experts believe the Iranian government and Central Bank are overestimating in reports on Iran’s economic growth, there are some real positive indicators, including progress on inflation.
Iranian Ali Heydari, 22, poses at his grocery in southern Tehran on April 22, 2014, claiming that prices are still increasing and his sales decreasing. Iran's President Hassan Rouhani was elected on hopes that he could revive the country's sanctions-neutered economy, but the public's goodwill towards him is showing the first signs of fading. AFP PHOTO/BEHROUZ MEHRI        (Photo credit should read BEHROUZ MEHRI/AFP/Getty Images)

In the past few weeks, there has been a major debate in Iran about the validity of economic data presented by the Central Bank of Iran (CBI) and government officials. It all started with a detailed report by the CBI stating that the Iranian economy grew by 4.6% in the 12-month period ending in spring 2014.

Within days, Gholamreza Mesbahi Moghaddam, head of the Budget and Planning Committee in the Iranian parliament, commented that the published figures were "wrong and misleading" and “like a fable.” The CBI reacted immediately and outlined its evidence for its reported economic growth.

Access the Middle East news and analysis you can trust

Join our community of Middle East readers to experience all of Al-Monitor, including 24/7 news, analyses, memos, reports and newsletters.


Only $100 for annual access.