Iraq’s economy experienced a growth of 1.4% over the past Iranian year, according to economic indicators released by Iran’s Central Bank on Friday. The figures, covering the first nine months of the Iranian year, reveal that Iraq’s economic performance aligned with regional trends, showing a modest but positive increase.
For comparison, Iran’s economy grew by 3.7% during the same period, a rate described by the Central Bank as stable and reasonable in the context of global and regional averages. The report also noted that Iraq’s growth rate was similar to that of Saudi Arabia, which also posted a 1.4% expansion, while other regional economies such as Turkey and Pakistan saw higher growth rates of 2.8% and 2.5%, respectively.
The Central Bank’s report highlighted a broader growth trend in the Middle East and Central Asia, with the overall region’s economy expanding by 2.4%.