Ungated Post | 21 Jan 2018
BP’s economic impact on the EU27 countries
BP has an important impact on EU27* countries’ economies. Oxford Economics estimates that BP’s direct expenditure on activities like exploration, refining, marketing, and running petrol stations–as well as the company’s purchases of inputs of goods and services from EU27 and global suppliers–supported a €10.7 billion contribution to EU27 GDP and 176,000 jobs in EU27 countries in 2016.
Oxford Economics’ bespoke, global, input-output model allowed us to trace BP’s supply chain expenditure–including operational and capital expenditure–as it affected the EU27’s various sectors and countries in 2016. Among the biggest jobs beneficiaries in 2016 were Germany (73,000 jobs), Italy (24,300 jobs), Poland (18,600 jobs), the Netherlands (12,400 jobs), and Spain (11,300 jobs). The sectors that received the largest supply chain impacts across the EU27 were wholesale and retail (56,100 jobs), business services (39,100 jobs), and transportation and storage (20,800 jobs).
*The EU27 is defined in this report as the EU28 less the UK.
Oxford Economics’ team is expert at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial, and policy issues.
To find out more about our capabilities, contact:
Americas
Diantha Redd
+1 (646) 503 3052
Email
Asia Pacific
Peter Suomi
+65 6850 0110
Email
EMEA
Aoife Pearson
+44 (0)203 910 8054
Email
Related Services
Post
The socio-economic impact of TikTok in Australia
This report provides the results of our economic modelling of TikTok’s economic contribution to the Australian economy, as well as the findings of survey research into TikTok’s users and Australian businesses. It looks at the real world impacts users report as well as the diversity of TikTok’s online communities.
Find Out More
Post
The German Music Industry: Investments and Payments to Artists
Our study "The German Music Industry: Investments and Payments to Artists", on behalf of the German Music Industry Association (BVMI), examines whether and how artists have benefited from the increased revenues of German music labels in recent years.
Find Out More
Post
Global Cruise Trends Report: March 2024
This report delves into research conducted in Q4 2023 across five key cruise markets, all indicating strong cruise demand. Our comprehensive market intelligence aims to equip the travel industry with insights into the significant growth potential in the cruise industry.
Find Out More