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The Bureau of Economic Analysis (BEA) partnered with the National Oceanic and Atmospheric Administration (NOAA) in measuring the economic force of the nation\u2019s oceans. Specifically, the \u201cocean economy\u2019s\u201d contribution to gross domestic product from commercial fishing, ship and boat building, ports, offshore oil and gas, tourism and recreational fishing, and other economic activity dependent on the oceans.<\/p>\n
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\u201cThese statistics are the first-of-its-kind estimate of the U.S. marine economy, a primary driver of jobs, innovation and economic growth,\u201d said retired Navy Rear Admiral Tim Gallaudet, Ph.D., assistant secretary of commerce for oceans and atmosphere and deputy NOAA administrator. \u201cData such as these provide a critical baseline to inform, track progress and accelerate America\u2019s economic recovery.\u201d<\/p>\n
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The study considered 10 sectors representing businesses dependent on the nation\u2019s oceans, coasts and Great Lakes between the years 2014 and 2018. It found marine-related gross domestic product grew 5.8% from 2017 to 2018, faster than the 5.4% growth of the total U.S. gross domestic product as measured in current dollars. Businesses included in the report also supported 2.3 million jobs in 2018.<\/p>\n
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\u201cThe marine economy statistics clarify just how dependent America is on our waters,\u201d said Nicole LeBoeuf, acting director of NOAA\u2019s National Ocean Service. \u201cIt is nearly impossible for most Americans to go a single day without eating, wearing or using products that come from or through our coastal communities.\u201d<\/p>\n
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\u201cFor the first time, the United States has ocean data that can be compared with our official statistics on other U.S. industries and with the ocean economies of other nations,\u201d said Mary Bohman, BEA\u2019s acting director. \u201cThese prototype statistics offer a baseline for understanding the importance of the ocean economy, including recreation, seafood, transportation and ship building. Businesses, policymakers, and coastal communities can use these economic data as a compass as they chart the way forward.\u201d<\/p>\n
gCaptain<\/p>\n","protected":false},"excerpt":{"rendered":"
The Bureau of Economic Analysis (BEA) partnered with the National Oceanic and Atmospheric Administration (NOAA) in measuring the economic force of the nation\u2019s oceans. Specifically, the \u201cocean economy\u2019s\u201d contribution to gross domestic product from commercial fishing, ship and boat building, ports, offshore oil and gas, tourism and recreational fishing, and other economic activity dependent on …<\/p>\n","protected":false},"author":1,"featured_media":10944,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56],"tags":[4250,2068,6314,1558,1874,1593],"class_list":["post-10943","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-marine-world","tag-americas","tag-billion","tag-blue","tag-economy","tag-study","tag-worth"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/10943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=10943"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/10943\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/10944"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=10943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=10943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=10943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}