In 2020, America’s marine economy contributed about $361 billion of the nation’s gross domestic product & supported over 2 million jobs. Find more details: OceanMonthNOAA NationalOceanMonthnoaa
America’s marine economy contributed about $361 billion of the nation’s gross domestic product in 2020. That is according to the most current results of the annual Marine Economy Satellite Account released today by two Department of Commerce agencies, NOAA and the Bureau of Economic Analysis .
“President Biden infused infrastructure funding into this sector precisely because of the marine economy’s immense value and potential for strengthening our nation,” said Jane Lubchenco, Ph.D., White House Office of Science and Technology Policy deputy director for climate and environment. “The health of the ocean economy depends on the health of the ocean.
“Our oceans and Great Lakes are essential to America’s overall economy, as it is nearly impossible to go a day without eating, wearing or using items that come from or through our ports,” said NOAA Administrator Rick Spinrad, Ph.D. “These economic data are essential for understanding how the marine economy influences coastal communities and the American economy as a whole.”
“These numbers are stark proof of just how tied the blue economy is to the prosperity of the rest of our nation,” said Nicole LeBoeuf, director of NOAA’s National Ocean Service. “What happens in this sector has ripple effects through the entire nation, which relies on America’s blue economy as a driver of jobs, innovation and economic growth.”
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