This indicator reflects the balance between a country's energy consumption and its domestic energy production, expressed as a percentage of overall energy utilization. It is calculated by subtracting domestic energy production from total energy consumption, with all measures converted to oil equivalent units. A value above zero signifies a reliance on imported energy sources, indicating potential vulnerabilities in energy security and trade deficits. Conversely, a negative figure denotes a status as a net exporter, which can enhance national revenue and geopolitical leverage. Monitoring this metric is crucial for understanding a nation's energy independence, evaluating policy effectiveness, and guiding investment in renewable sources to reduce dependency on external energy supplies. Source: