Crude Oil Production for Iran, Islamic Republic of
IRNNGDPMOMBD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,149,630.01
Year-over-Year Change
16.26%
Date Range
1/1/2000 - 1/1/2025
Summary
This economic trend measures the total crude oil production in Iran, a key oil-producing country. It is important for understanding global energy markets and the role of major producers.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Crude Oil Production for Iran, Islamic Republic of trend tracks the monthly volume of crude oil produced in Iran. As a major OPEC member and one of the world's largest oil exporters, Iran's production levels are closely watched by economists, policymakers, and energy analysts.
Methodology
The data is collected and reported by the U.S. Energy Information Administration.
Historical Context
Crude oil production figures are used to assess supply, price movements, and geopolitical factors in global energy markets.
Key Facts
- Iran is the second-largest crude oil producer in OPEC.
- Iran's oil exports are a major source of government revenue.
- Crude oil production levels can impact global supply and prices.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of crude oil produced in Iran on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: As a major oil exporter, Iran's crude production levels are closely watched by economists, energy analysts, and policymakers to assess global energy market dynamics.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Crude oil production figures are used to evaluate supply, price movements, and geopolitical factors in global energy markets, which informs economic and energy policies.
Q: Are there update delays or limitations?
A: The data is published with a short delay and may be subject to revisions by the collecting agency.
Related Trends
Number of Identified Exporters to Islamic Republic of Iran from Minnesota
MNIRNA475SCEN
Central government debt, total (% of GDP) for the Islamic Republic of Iran
DEBTTLIRA188A
Value of Exports to Islamic Republic of Iran from Utah
UTIRNA052SCEN
Financial Account (Excludes Exceptional Financing and Use of Fund Resources), Net for Islamic Republic of Iran
FAEEFNIRA052N
Number of Identified Exporters to Islamic Republic of Iran from New Jersey
NJIRNA475SCEN
Number of Identified Exporters to Islamic Republic of Iran from Missouri
MOIRNA475SCEN
Citation
U.S. Federal Reserve, Crude Oil Production for Iran, Islamic Republic of (IRNNGDPMOMBD), retrieved from FRED.