Marine economy in 2018 grew faster than U.S. overall

National Oceanic and Atmospheric Administration Energy Solutions Fisheries & Aquaculture Tourism

Marine economy in 2018 grew faster than U.S. overall
Photo by Nariman Mesharrafa on Unsplash

America’s marine economy, including goods and services, contributed about $373 billion to the nation’s gross domestic product in 2018 and grew faster than the nation’s economy as a whole, according to the marine economy statistics released today by two Department of Commerce agencies.

“These statistics are the first-of-its-kind estimate of the U.S. marine economy, a primary driver of jobs, innovation and economic growth,” said retired Navy Rear Admiral Tim Gallaudet, Ph.D., assistant secretary of commerce for oceans and atmosphere and deputy NOAA administrator. “Data such as these provide a critical baseline to inform, track progress and accelerate America’s economic recovery.”

Read the full piece here.

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