Breakeven Fiscal Oil Price for Iraq
IRQPZPIOILBEGUSD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
92.43
Year-over-Year Change
-24.33%
Date Range
1/1/2004 - 1/1/2025
Summary
The Breakeven Fiscal Oil Price for Iraq measures the minimum global oil price required for Iraq's government to balance its budget. It is a key economic indicator for understanding Iraq's fiscal stability and ability to fund public services.
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
This metric represents the oil price per barrel that Iraq's government needs to collect sufficient revenue to cover its spending commitments. It is used by policymakers, analysts, and investors to assess Iraq's fiscal position and vulnerability to oil price fluctuations.
Methodology
The data is calculated by the International Monetary Fund based on Iraq's budget and macroeconomic projections.
Historical Context
The breakeven oil price is an important consideration for global energy markets and Iraq's economic policy decisions.
Key Facts
- Iraq relies on oil exports for over 90% of government revenue.
- Breakeven price was $56 per barrel in 2020, up from $35 in 2015.
- Iraq's budget is vulnerable to global oil price volatility.
FAQs
Q: What does this economic trend measure?
A: The Breakeven Fiscal Oil Price for Iraq measures the minimum global oil price required for the Iraqi government to balance its budget and cover public spending commitments.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of Iraq's fiscal stability and ability to fund essential public services. It helps policymakers and investors assess the country's vulnerability to oil price fluctuations.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund based on Iraq's budget and macroeconomic projections.
Q: How is this trend used in economic policy?
A: The breakeven oil price is a key consideration for Iraq's fiscal and economic policy decisions, as it determines the government's ability to balance its budget and provide public services.
Q: Are there update delays or limitations?
A: The data is published regularly by the IMF, but may be subject to revisions based on changes in Iraq's budget and economic conditions.
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Citation
U.S. Federal Reserve, Breakeven Fiscal Oil Price for Iraq (IRQPZPIOILBEGUSD), retrieved from FRED.