Breakeven Fiscal Oil Price for Saudi Arabia
SAUPZPIOILBEGUSD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90.94
Year-over-Year Change
1.78%
Date Range
1/1/2008 - 1/1/2025
Summary
The Breakeven Fiscal Oil Price for Saudi Arabia measures the minimum price of oil required for the Saudi government to balance its fiscal budget. This key indicator provides insight into the country's economic and fiscal policy decisions.
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 Fiscal Oil Price represents the oil price level at which Saudi Arabia's government budget would be balanced, accounting for both oil revenue and expenditures. It is a closely watched metric for assessing the sustainability of Saudi fiscal policy and the impact of global oil market dynamics.
Methodology
The data is calculated by the International Monetary Fund based on analysis of Saudi government accounts and projections.
Historical Context
Policymakers and investors use this trend to evaluate Saudi Arabia's fiscal position and the potential impact of oil price fluctuations.
Key Facts
- Saudi Arabia is the world's largest oil exporter.
- The fiscal breakeven oil price has risen from $78 per barrel in 2014 to over $80 per barrel in recent years.
- Saudi Arabia has implemented austerity measures and economic reforms to reduce its fiscal dependence on oil revenue.
FAQs
Q: What does this economic trend measure?
A: The Breakeven Fiscal Oil Price for Saudi Arabia measures the minimum price of oil required for the Saudi government to balance its fiscal budget.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the sustainability of Saudi fiscal policy and the potential impact of oil price changes on the Saudi economy.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund based on analysis of Saudi government accounts and projections.
Q: How is this trend used in economic policy?
A: Policymakers and investors use this trend to evaluate Saudi Arabia's fiscal position and the potential impact of oil price fluctuations.
Q: Are there update delays or limitations?
A: The data is published periodically by the IMF, and may be subject to revisions or delays in availability.
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Citation
U.S. Federal Reserve, Breakeven Fiscal Oil Price for Saudi Arabia (SAUPZPIOILBEGUSD), retrieved from FRED.