Iran's Economic Growth Slows Despite Increased Oil Output and Government Spending

Iran's GDP growth slowed to 5.1% in Q4 2023, the second straight quarterly decline, despite higher government spending and increased oil production
Growth fueled by 21.8% increase in oil sector and 16.7% rise in general government spending, while private sector growth languishes
IMF estimates lower GDP growth for Iran - 3% in 2023, falling to 2.5% in 2024 and 2% in 2025
Reliance on oil and inflated government spending masks weak private sector and capital investment
Despite GDP growth, incomes hit by 40%+ inflation for 5 years, pushing millions into poverty