Marine Economy Satellite Account, 2014-2019
The first official Marine Economy Satellite Account statistics released today by the U.S. Bureau of Economic Analysis show that the marine economy accounted for 1.9 percent, or $397 billion, of current-dollar U.S. gross domestic product (GDP) in 2019.
- Current Release: June 8, 2021
- Can the marine economy statistics show how much the marine economy contributed to the economy as a percent of GDP?
- What is gross output by industry and how does it differ from gross domestic product (or value added) by industry?
- How is the marine economy captured in the core statistics currently produced by the Bureau of Economic Analysis (BEA)?
What is the Marine Economy Satellite Account?
Measures the contributions to the U.S. economy of activities related to the nation’s oceans, seaports, and Great Lakes. These supplemental statistics use methodology consistent with BEA’s core statistics, such as gross domestic product.