Oil Production in Iran
The economy recorded an average growth rate of 2.84 million barrels per day in the decade to 2022. In 2022, oil production was 2.55 million barrels per day, down from the 2.40 million barrels per day reading of the prior year.
Iran Oil Chart
Note: This chart displays Oil Production (mn barrels per day, aop) for Iran from 2014 to 2023.
Source: Macrobond.
Iran Oil Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Oil Production (mn barrels per day, aop) | 2.36 | 1.99 | 2.40 | 2.55 | 2.85 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Iranian oil projections for the next ten years from a panel of 3 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 Iranian oil.
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