Breakeven External Oil Price for Iraq
IRQPZPIOILBEBUSD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
81.06
Year-over-Year Change
-25.15%
Date Range
1/1/2004 - 1/1/2025
Summary
The 'Breakeven External Oil Price for Iraq' measures the minimum price of oil that Iraq's government requires to balance its national budget. This key metric is closely watched by economists and policymakers to assess Iraq's fiscal stability and economic vulnerabilities.
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 breakeven oil price for Iraq represents the price per barrel of crude oil that the Iraqi government needs to generate sufficient revenue to cover its budgeted expenditures. It is an important indicator of Iraq's fiscal health and dependence on oil exports.
Methodology
The data is calculated by the International Monetary Fund based on Iraq's fiscal accounts and production forecasts.
Historical Context
This trend is used by policymakers, investors, and analysts to evaluate Iraq's economic and political risks.
Key Facts
- Iraq's breakeven oil price averaged $59 per barrel in 2021.
- The breakeven price has fluctuated significantly over the past decade.
- Iraq relies on oil exports for over 90% of government revenue.
FAQs
Q: What does this economic trend measure?
A: The 'Breakeven External Oil Price for Iraq' measures the minimum price of oil that Iraq's government requires to balance its national budget.
Q: Why is this trend relevant for users or analysts?
A: This key metric is closely watched by economists and policymakers to assess Iraq's fiscal stability and economic vulnerabilities.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund based on Iraq's fiscal accounts and production forecasts.
Q: How is this trend used in economic policy?
A: The breakeven oil price is used by policymakers, investors, and analysts to evaluate Iraq's economic and political risks.
Q: Are there update delays or limitations?
A: The data is published regularly by the IMF but may have some lag in reporting the most recent figures.
Related Trends
Amount Outstanding Due within One Year of International Debt Securities for General Government Sector, Residence of Issuer in Iraq
IDS1YMAORIGGIQ
Oil Real GDP Growth in Constant Prices for Iraq
IRQNGDPORPCHPT
Value of Exports to Iraq from Vermont
VTIRQA052SCEN
Consumer Price Inflation for Iraq
IRQPCPIPCHPT
Value of Exports to Iraq from Massachusetts
MAIRQA052SCEN
Number of Identified Exporters to Iraq from Michigan
MIIRQA475SCEN
Citation
U.S. Federal Reserve, Breakeven External Oil Price for Iraq (IRQPZPIOILBEBUSD), retrieved from FRED.