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
From opportunity to impact – Assessing the economic, societal, and cultural benefits of YouTube in Sweden
This study assesses YouTube's contribution to GDP and employment in Sweden, and its broader impact on society and culture.
Find Out More
Post
Från möjlighet till påverkan – Utvärdering av de ekonomiska, sociala och kulturella fördelarna med YouTube i Sverige
Denna studie utvärderar YouTubes påverkan på Sveriges BNP och sysselsättningsgrad samt samhället och kulturen.
Find Out More
Post
The economic importance of motorcycles to Europe – technical report
Motorcycle-related activity supports €21.4 billion of output (GDP) across Europe a year, sustains 389,000 jobs, and generates €16.6 billion of tax revenues, according to research by Oxford Economics.
Find Out More