In 2016, BP directly generated a €3.1 billion gross value added contribution to EU27 countries’ GDP.
That is equivalent to 5.7% of the entire gross value added created in Luxembourg in 2016, or 2.8% of that created in Hungary.
BP’s supply chain spending had the greatest impact in the business services and the wholesale and retail trade sectors, supporting €1.7 billion of gross value added in each industry sector in 2016 (each accounting for 23% of the total). BP supported a further €950 million in the transport and storage sector (13%).
Of the total of 19,000 suppliers, some 7,800 suppliers were in Germany (41% of the total), 2,100 were in Poland (11%), and 1,900 were in the Netherlands (10%).
BP’s procurement supported an estimated 68,000 jobs in Germany (or 42% of the supply chain total), 24,000 in Italy (15%) and 15,000 in Poland (9%).
BP supported an estimated €7.6 billion gross value added contribution to EU27 countries’ GDP in 2016, of which 35% was in Germany, 15% in Italy, 13% in the Netherlands and 8% in Belgium.
Of the total supply chain impact, BP’s operational expenditure with suppliers supported 77% of the total gross value added contribution to GDP and 78% of the employment contribution.
BP’s capital expenditure supported the other 23% of the gross value added contribution and 22% of the employment contribution.
BP’s €10.7 billion in direct and indirect gross value added contributions is equivalent to 4.9% of Paris’ GDP in 2016.
The 176,000 jobs BP supported directly and indirectly are equivalent to 17% of all employment in Amsterdam.
On average, every €1 of gross value added created by BP itself supported another €2.40 gross value added contribution elsewhere in the EU27 economies.
For every person BP employed, 11 jobs were supported elsewhere in the EU27.
Additional information on BP’s total GVA impact by country and BP's total jobs impact by country can be found in the EU27 economic impact report.
Totals in this report may not always be equal to the sum of component parts due to rounding.
This report sits alongside the companion publication that looks specifically at the economic impact in the UK. Reporting on BP’s activities during the calendar year 2016, the analysis focuses on the EU27 member states as well as showing comparison data for the UK, Norway and Switzerland.
Find out more about the methodology used in performing this analysis.
BP disclaims any obligation to update this publication. Neither BP p.l.c., nor any of its subsidiaries, accepts liability for any inaccuracies or omissions or for any direct, indirect, special, consequential or other losses or damages of whatsoever kind in connection to this publication or any information contained in it.