Fuel imports (% of merchandise imports) in the United States Virgin Islands in 1978 — 58.5%. Ranked 1 in the world out of 120. Since 1970, the indicator has risen by 17.95 pp.
1970–1978 · % of merchandise imports
How the value compares with the world and the groups this territory belongs to: United States Virgin Islands
| Year | % | Change, pp |
|---|---|---|
| 1978 | 58.5 | +54.32 pp |
| 1977 | 4.18 | — |
| 1973 | 63.18 | +7.34 pp |
| 1972 | 55.83 | +1.06 pp |
| 1971 | 54.77 | +14.22 pp |
| 1970 | 40.55 | — |
The same indicator for neighboring countries — with links to their pages
United States Virgin Islands
58.5
Trinidad and Tobago
40.31
Jamaica
24.16
Dominican Republic
22.58
Barbados
11.6
Haiti
11.11
Grenada
7.59
Saint Lucia
6.55
Dominica
5.82
Antigua and Barbuda
1.5
The share of fuel in merchandise imports — the reverse side of fuel dependence. The indicator measures vulnerability to rising energy prices: a country spending a quarter of its imports on fuel loses as much when prices double as an exporter does when they fall. The series reacts visibly to oil shocks, and it shows that in the 1970s the share of fuel in the imports of developed countries rose several times over.
Important: The share is of value, not of volume, so it rises when fuel becomes more expensive even with no change in physical deliveries. The aggregate is weighted by merchandise imports — the denominator of the indicator.
Source: UNCTADstat (UNCTAD), license CC BY 3.0 IGO.