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Field Detail
Theme Communication and Infrastructure
Code EN-1.3
Sub-theme Energy
Name Macro-economic affordability - Fuel imports as % of GDP
Definition Annual cost of fuel imports as proportion of GDP. [Gerhard Zieroth definition = The indicator relates average per capita GDP to the world market price for crude oil]
Calculation/Formula Average amount spent on fuel imports / National GDP x 100 [Gerhard Zieroth calculation = GDP in current US$ / Average Crude World Market Price in US$]
Unit of Measure %
Purpose/Rationale Determines a country’s vulnerability level to oil price. Countries which depend 100% on imported oil are the most vulnerable to the oil price rise. Measures impact on balance of payments (trade deficits) as well as impact on Foreign Reserves
Policy Linkages National Development plans
Preferred Data Sources National accounts
Primary Data Collection System National Administrative Records - National accounts, government budgets and plans
Economic Tag Trade
Frequency of Data Collection Annual
SPC Responsibility - Data Management EDD
SPC Programme EDD
Numerator Average amount spent on fuel imports [Gerhard Zieroth calculation = GDP in current US$]
Denominator National GDP [Gerhard Zieroth calculation = Average Crude World Market Price in US$]
Factor x 100
Unit %