This article analyzes the impact of oil price on economic development in the Kurdistan Region of Iraq from 1997-2019. It finds that oil price and oil production value have a statistically significant positive relationship with GDP. As the Kurdistan Region relies heavily on oil exports, changes in international oil prices can significantly impact economic growth. The findings suggest economic development in the region is strongly influenced by factors affecting oil prices and production levels. The article concludes more efforts are needed to utilize other resources besides oil revenues to increase income and stabilize the economy.