Statistical Terms Glossary

In balance of payments accounts, the residency of so called offshore enterprises is attributed to the economies in which they are located without regard to the special treatment they may receive by the local authorities, such as exemptions from taxes, tariffs, or duties.
This treatment applies to enterprises such as those engaged in the assembly of components manufactured elsewhere and in the processing of re-exported goods, to those engaged in trade and financial operations, and to those located in special zones (e.g. special trade zones, free-trade zones, or tax-havens)

Countries or jurisdictions with financial centres that contain financial institutions that deal primarily with nonresidents and/or in foreign currency on a scale out of proportion to the size of the host economy. Nonresident-owned or -controlled institutions play a significant role within the centre. The institutions in the centre may well gain from tax benefits not available to those outside the centre.

See Offshoring

See Offshoring

Offshoring is generally defined as companies’ purchases of intermediate goods and services from foreign providers at arm’s length or the transfer of particular tasks within the firm to a foreign location, i.e. to foreign affiliates.

Breeding, rearing and farming of fish, as well as cultivation of oysters for pearls or food, in offstream freshwater, brackish water or saline water.

Liquid hydrocarbons of fossil origins comprising (i) crude oil; (ii) liquids extracted from natural gas (NGL); (iii) fully or partly processed products from the refining of crude oil, and (iv) functionally similar liquid hydrocarbons and organic chemicals from vegetal or animal origins.

All parts of a pipeline facility through which oil or petroleum products move including, but not limited to, line pipe, valves, and other appurtenances connected to line pipe, pumping units, fabricated assemblies associated with pumping units, metering and delivery stations and fabricated assemblies therein, and breakout tanks.

Enterprise formed to carry out in one or more places activities for the production of oil pipeline transport services and whose main activities according to the value-added is transport by oil pipelines.

All oil pipelines in a given area.

Any movement of crude or refined liquid petroleum products in a given oil pipeline network.

Pipes for the movement of crude or refined liquid petroleum products by pumping.

Oil prices are those normally referring to the average OECD import price of oil (cif) as calculated by the International Energy Agency

Products obtained from crude oil, non-conventional oils or gases from oil and gas fields. They may be produced through the refining of conventional crude and non-conventional oils or during the separation of natural gas from gases extracted from oil or gas fields.

A sedimentary rock that contains organic matter in the form of kerogen. Kerogen is a waxy hydrocarbon-rich material regarded as a precursor of petroleum.

An oil spill is oil, discharged accidentally or intentionally, that floats on the surface of water bodies as a discrete mass and is carried by the wind, currents and tides. Oil spills can be partially controlled by chemical dispersion, combustion, mechanical containment and adsorption. They have destructive effects on coastal ecosystems

Flours and meals of oilseeds and oleaginous fruits (excluding mustard), non defatted or partially defatted.

Seed from which oil is expressed, as the castor bean; also, the plant yielding such seed.

Dumping of used engine oil and pumping of oily bilge water into harbour waters is very often the cause for oil pollution in harbours.

The number of individuals aged 65 and over per 100
people of working age defined as those aged between 20 and 64, in a certain year.

The individual who can not practice any kind of work because of chronic illness or disability or because of old age.

Old-age programmes are designed to provide resources to former workers who stop their activities or to any person reaching retirement age. Old-age benefits represent usually the largest share of social security expenditures. It is probably also the area with the most varied provisions.