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The United Nations Industrial Development Organization (UNIDO) in a latest report dubbed International Yearbook of Industrial Statistics 2023, has put the growth of Iran’s manufacturing value added (MVA) at 6.5 percent, placing the Islamic Republic above 164 countries worldwide.
The report has also put the MVA per capita of the country in 2022 at $825, while the figure was $712 in 2021. According to the estimates of this international organization, the share of MVA in Iran’s gross domestic product (GDP) in 2022 was 14.7 percent, while the share of industrial products in the country’s total exports this year was 47.7 percent and the share of industrial sector in the country’s employment was estimated at 17.4 percent.
Based on the UNIDO report, among the countries whose MVA growth is lower than Iran in 2022, Brazil, China, Germany, Japan, Qatar, Russia, and the U.S. can be mentioned. According to this report, industrial activities that were greatly reduced in 2020 under the influence of the coronavirus outbreak had an admirable revival in 2021, and in 2022 we have witnessed the return of the growth trend of the industrial sector to the period before the pandemic.
In 2022, the added value of the world’s industrial sector grew by 2.3 percent, but could not reach the 3.1 percent growth rate of the world’s GDP this year. Industrialized economies saw relatively good industrial growth in 2022. The added value of industrial production in high-income economies grew by 2.9 percent this year, while the figure was six percent for industrializing economies. Iran’s industry sector also registered a growth of 5.1 percent in the first three months of the current Iranian calendar year (March 21- June 21, 2023) while the country’s total economic growth in the said quarter was 3.4 percent.
The data released by the Statistical Center of Iran (SCI) show that the growth rate of the industry sector in the second quarter of the year was also significantly positive.
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