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Iran's GDP Shrinks by 10% Due to Oil and Gas Revenue Decline

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تراجع إيرادات النفط والغاز يقلص إجمالي الناتج المحلي الإيراني بنسبة 10%
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Editorial Team

The News

According to official data from Iran, the oil and gas sector has shrunk by 26% during the war, leading to a contraction of the country's gross domestic product (GDP) by 10%.

Analysis & Context

Analytically, the decrease in oil and gas revenues indicates a significant impact of the war on the Iranian economy. In a broader context, these figures reflect the challenges Iran faces in maintaining its oil exports amid international sanctions.

Source: Al Jazeera

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