Oil Production in Iraq
In the year 2024, the oil production in Iraq was IQD 4.18 million, compared to IQD 3.26 million in 2014 and IQD 4.28 million in 2023. It averaged IQD 4.20 million over the last decade.
Iraq Oil Chart
Note: This chart displays Oil Production (mn barrels per day, aop) for Iraq from 2014 to 2023.
Source: Macrobond.
Iraq Oil Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Oil Production (mn barrels per day, aop) | 4.68 | 4.05 | 4.02 | 4.44 | 4.28 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Iraqi oil projections for the next ten years from a panel of 2 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable oil forecast available for Iraqi oil.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Iraqi oil projections.
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