Iran's economic growth hits at two percent in the three month from December 22 to March 19 which corresponds to the last quarter of the previous Iranian year, said government spokesman Mohammad Baqer Nobakht at a press conference in Tehran.
He said, the figure includes oil revenues, but with the exclusion of oil, the growth rate stood at 1.6 percent," Nobakht said.
Iran's crude export started to rise in January when the sanctions were lifted.
Nobakht explained that in the agriculture sector, growth improved from 3.3 to 5.5 percent compared to the rate for the preceding quarter.
During the same quarter, the rate for the industrial sector jumped from -4.4 percent to 0.6 percent, with industry and mining subdivision surging from -1.3 to 3 percent and the mining subdivision from -7.3 to 9.9 percent, he added.
Growth in the oil and gas extraction sector grew to 16.5 percent against the figure for the preceding quarter which was -9 percent.
"Growth in the group of other mines plunged from -2.7 to -7.5, however," he said, adding, "The water, electricity, and natural gas sectors improved from -1.1 to 7.9 percent.
"Housing improved from -21.7 to -16.5, services from 0.4 to 0.8, wholesale, hotels and restaurants from 0.3 to 1, and business from 0.6 to 1 percent."
Nobakht added that growth in the education, health, and social assistance sectors improved from 7.7 to 8.8 compared to the previous three-month period.
Iran's GDP (including the oil sector) will reach $386.1 billion in 2016, the International Monetary Fund (IMF) forecast in April.
The country's current-year economic growth is predicted to hit around five percent.
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