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Iraq Monitorعين على العراقPrimary-source intelligence

External breakeven oil price — IMF

72.5latest · 2023

IMF Regional Economic Outlook (via FRED) projects 86.66 for 2024 — a forecast, drawn dashed in the chart’s shaded band, not a reading.

SOURCE STOPPED · LAST 2023

The oil price at which the IMF reckons Iraq’s current account balances — what the country must earn per barrel to pay for its imports without running down reserves. Lower than the fiscal breakeven: the state needs more from oil than the economy does.

VS PREVIOUS+13%HIGH · FULL RECORD108.32013LOW · FULL RECORD36.392005OBSERVATIONS20
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72.5 USD/bbl · 2023-12-31 · LATEST
Dashed line in the shaded band is the publisher’s projection, not a reading