A novel soybean variety, designated OT34673116 is provided. Also provided aretheseeds of soybean variety OT34673116, cells from soybean variety OT34673116,plants ofsoybean OT34673116, and plant parts of soybean variety OT34673116. Methodsprovidedinclude producing a soybean plant by crossing soybean variety OT34673116 withanothersoybean plant, methods for introgressing a transgenic trait, a mutant trait,and/or a native traitinto soybean variety OT34673116, methods for producing other soybean varietiesor plant partsderived from soybean variety OT34673116, and methods of characterizing soybeanvarietyOT34673116. Soybean seed, cells, plants, germplasm, breeding lines, varieties,and plant partsproduced by these methods and/or derived from soybean variety OT34673116 arefurtherprovided. Also provided are uses of soybean variety OT34673116.