Breakeven Fiscal Oil Price for Iran, Islamic Republic of
IRNPZPIOILBEGUSD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.12
Year-over-Year Change
-8.84%
Date Range
1/1/2000 - 1/1/2025
Summary
The 'Breakeven Fiscal Oil Price for Iran, Islamic Republic of' measures the per-barrel oil price that Iran requires to balance its government budget. This metric is crucial for economists and policymakers to assess Iran's fiscal health and energy industry outlook.
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 price of crude oil that the Iranian government needs in order to cover its expenditures and avoid a budget deficit. It is an important indicator of Iran's economic and geopolitical position as a major oil producer.
Methodology
The data is calculated by the International Monetary Fund based on Iran's government revenues and spending.
Historical Context
Policymakers and analysts use this metric to evaluate Iran's fiscal sustainability and the potential economic impacts of oil price fluctuations.
Key Facts
- Iran is one of the world's largest oil producers.
- Iran's government budget relies heavily on oil revenue.
- The breakeven oil price varies based on Iran's economic conditions.
FAQs
Q: What does this economic trend measure?
A: The 'Breakeven Fiscal Oil Price for Iran, Islamic Republic of' measures the per-barrel oil price that Iran requires to balance its government budget.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for economists and policymakers to assess Iran's fiscal health and energy industry outlook.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund based on Iran's government revenues and spending.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Iran's fiscal sustainability and the potential economic impacts of oil price fluctuations.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the IMF.
Related Trends
Value of Exports to Islamic Republic of Iran from Oregon
ORIRNA052SCEN
Amount Outstanding Due within One Year of International Debt Securities for All Issuers, Residence of Issuer in Iran
IDS1YMAORIAIIR
Number of Identified Exporters to Islamic Republic of Iran from Montana
MTIRNA475SCEN
Number of Identified Exporters to Islamic Republic of Iran from Missouri
MOIRNA475SCEN
General government gross debt for Islamic Republic of Iran
GGGDTAIRA188N
Number of Identified Exporters to Islamic Republic of Iran from Connecticut
CTIRNA475SCEN
Citation
U.S. Federal Reserve, Breakeven Fiscal Oil Price for Iran, Islamic Republic of (IRNPZPIOILBEGUSD), retrieved from FRED.