- May 17, 2013
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Iran's 'Misery Index' Up As Production And Oil Exports Crash
In its latest report the Statistical Center of Iran (SCI) says that the "misery index" in the country reached 39% last winter, whereas a year earlier it stood at 19.4%.
Misery index is an informal measure of the state of an economy generated by adding together its rate of inflation and its rate of unemployment.
Meanwhile, the inflation rate soared further in the first quarter of the new Iranian calendar year (beginning March 21, 2019) reaching 37.6%. The inflation rate is expected to surge more, reaching 15.4%. in 2019, and 19.4% in 2024.
According to the latest data, Iran's oil production has dropped to 2.2 million barrels per day, while its crude and gas condensates export have dropped to nearly 200,000 to 300,000 barrels per day.
Therefore, Iran has lost almost 90 percent of its oil export revenues.
In the meantime, SCI says that Iran's Gross Domestic Product (GDP) last winter dropped by nearly 8.4% compared with the previous year.
Moreover, economic growth, disregarding oil, also shrank to -4.1%.
The economic sanctions have put Iran on their knees...................This is their desperation response......
Guaranteed nuclear disarmament............and a country of people ready to revolt against the Theology in power there............
In its latest report the Statistical Center of Iran (SCI) says that the "misery index" in the country reached 39% last winter, whereas a year earlier it stood at 19.4%.
Misery index is an informal measure of the state of an economy generated by adding together its rate of inflation and its rate of unemployment.
Meanwhile, the inflation rate soared further in the first quarter of the new Iranian calendar year (beginning March 21, 2019) reaching 37.6%. The inflation rate is expected to surge more, reaching 15.4%. in 2019, and 19.4% in 2024.
According to the latest data, Iran's oil production has dropped to 2.2 million barrels per day, while its crude and gas condensates export have dropped to nearly 200,000 to 300,000 barrels per day.
Therefore, Iran has lost almost 90 percent of its oil export revenues.
In the meantime, SCI says that Iran's Gross Domestic Product (GDP) last winter dropped by nearly 8.4% compared with the previous year.
Moreover, economic growth, disregarding oil, also shrank to -4.1%.
The economic sanctions have put Iran on their knees...................This is their desperation response......
Guaranteed nuclear disarmament............and a country of people ready to revolt against the Theology in power there............