How did economic growth become positive?
News_Code: 354962 12/20/2020 8:58:23 AM
How did economic growth become positive?
While economic growth has been positive in the first six months of the year, the activities of agriculture, industry, electricity, gas and water, services of monetary and financial institutions have had the largest share in this growth.

While economic growth has been positive in the first six months of the year, the activities of agriculture, industry, electricity, gas and water, services of monetary and financial institutions have had the largest share in this growth.

According to the Central Bank, the country's GDP in the first half of this year reached 322,800 billion Tomans, which has increased by 1.3 percent compared to the previous year. In the spring of this year, GDP growth was -2.9 percent, which has increased to 5.1 percent in the summer.

The growth of GDP without oil, which was -0.6 percent in the spring of this year, increased to 3.2 percent in the summer, and accordingly, the country's economic growth without oil has reached 1.4 percent in the first half of this year.

However, the study of economic growth in the first half of this year in terms of the share of activities in GDP shows that the share of the agricultural sector has decreased from 0.9 to 0.5 percent, and the growth rate of this sector has reached 4.4 percent.

The share of oil in GDP increased from -10.3 to 0.1 percent, and the growth rate of this sector reached 0.8 percent.

Besides, the share of the service sector in economic growth has risen from -0.5 to -0.1, and the growth rate of this sector has reached -0.2.

On the other hand, the group of industries and mines had a share of 1.4 percent in the first half of the year's economic growth, which has had growth and its growth rate has reached 5.4.

Finally, during this period, the share of the construction sector remained stable at 0.2 percent, but its growth rate was positive 4.1 percent.

Therefore, the main reason for the increase in GDP growth rate (economic growth) should be the growing value-added of industry activities, services of monetary and financial institutions, agriculture and electricity, gas, and water, as the share of each in GDP in the first six months of this year were 0.8%, 0.5%, 0.5%, and 0.4%, respectively.