A new study released by the National Oceanic and Atmospheric Administration showed that, from 2018-2019, the marine-related gross domestic product grew by 4.2%, compared to 2.2% growth in the total gross national product.
Acting NOAA Administrator Ben Friedman said these statistics show the power of the blue economy as a driver of jobs, innovation and economic growth.
Businesses included in the report also generated a total of $665.7 billion in sales and supported 2.4 million jobs in 2019.
The 10 sectors ranked by their sales include:
- Tourism and recreation, including recreational fishing ($235 billion)
- National defense and public administration ($180 billion)
- Offshore minerals ($93 billion)
- Transportation and warehousing ($64 billion)
- Commercial Ship and boat building ($31 billion)
- Living resources, including commercial fishing and aquaculture ($27 billion)
- Utilities ($12 billion)
- Research and education ($10.4 billion)
- Construction ($7.0 billion)
Nicole LeBoeuf, acting director of NOAA’s National Ocean Service, said this data is further proof of the importance of the blue economy. “It is nearly impossible to go a single day without eating, wearing or using items that come from or through our ports and coastal communities,” she said.