Breakeven External Oil Price for Iran, Islamic Republic of
IRNPZPIOILBEBUSD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48.01
Year-over-Year Change
-22.37%
Date Range
1/1/2000 - 1/1/2025
Summary
The 'Breakeven External Oil Price for Iran, Islamic Republic of' measures the minimum crude oil price needed for Iran to balance its state budget, including funding social and military programs.
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 trend represents the external price of oil that Iran requires to maintain a balanced budget and sustain its government expenditures. Economists and policymakers monitor this metric to assess Iran's fiscal stability and the potential impacts of oil price fluctuations on its economy.
Methodology
The data is calculated based on Iran's projected budget, planned spending, and expected oil production and exports.
Historical Context
Tracking Iran's breakeven oil price is important for understanding its economic and geopolitical positioning.
Key Facts
- Iran's breakeven oil price has ranged from $50 to $95 per barrel in recent years.
- The breakeven price reflects Iran's high social welfare and military spending commitments.
- Oil revenue accounts for over 60% of Iran's government budget.
FAQs
Q: What does this economic trend measure?
A: The 'Breakeven External Oil Price for Iran, Islamic Republic of' measures the minimum crude oil price Iran requires to balance its state budget and fund government programs.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding Iran's fiscal stability, the impact of oil price fluctuations on its economy, and its geopolitical positioning.
Q: How is this data collected or calculated?
A: The data is calculated based on Iran's projected budget, planned spending, and expected oil production and exports.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor Iran's breakeven oil price to assess the country's fiscal health and potential vulnerabilities to oil market changes.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays or revisions by the source agency.
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Citation
U.S. Federal Reserve, Breakeven External Oil Price for Iran, Islamic Republic of (IRNPZPIOILBEBUSD), retrieved from FRED.