Breakeven External Oil Price for Saudi Arabia
SAUPZPIOILBEBUSD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83.04
Year-over-Year Change
41.77%
Date Range
1/1/2008 - 1/1/2025
Summary
The Breakeven External Oil Price for Saudi Arabia measures the estimated price of oil needed for the Saudi government to balance its annual budget. This metric is closely watched by economists and policymakers to gauge the fiscal health and stability of the Saudi economy.
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 External Oil Price represents the minimum price per barrel of crude oil that Saudi Arabia requires to fund government spending and avoid a budget deficit. It reflects factors like Saudi production costs, revenue needs, and spending commitments.
Methodology
The data is calculated by the International Monetary Fund based on Saudi fiscal data and projections.
Historical Context
This metric provides insight into the Saudi government's fiscal position and ability to weather oil price fluctuations.
Key Facts
- Saudi Arabia is the world's largest oil exporter.
- The breakeven price has ranged from $60-$90 per barrel in recent years.
- Lower oil prices put pressure on the Saudi government's budget.
FAQs
Q: What does this economic trend measure?
A: The Breakeven External Oil Price for Saudi Arabia measures the estimated price of oil needed for the Saudi government to balance its annual budget.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the fiscal health and stability of the Saudi economy, which is heavily dependent on oil revenue.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund based on Saudi fiscal data and projections.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge Saudi Arabia's ability to withstand oil price fluctuations and maintain fiscal balance.
Q: Are there update delays or limitations?
A: The data is updated periodically by the IMF, with potential delays in availability.
Related Trends
Value of Exports to Saudi Arabia from Iowa
IASAUA052SCEN
Consumer Price Index: All Items: Total for Saudi Arabia
SAUCPALTT01GPM
Value of Exports to Saudi Arabia from Vermont
VTSAUA052SCEN
Number of Identified Exporters to Saudi Arabia from Georgia
GASAUA475SCEN
Amount Outstanding Due within One Year of International Debt Securities for Non-financial Corporations Sector, Residence of Issuer in Saudi Arabia
IDS1YMAORINCSA
Central Government Net Lending/borrowing (central Govt Fiscal Balance) for Saudi Arabia
SAUGCXCNLGDPGDPPT
Citation
U.S. Federal Reserve, Breakeven External Oil Price for Saudi Arabia (SAUPZPIOILBEBUSD), retrieved from FRED.