Marine Economy Satellite Account, 2014-2020
The marine economy accounted for 1.7 percent, or $361.4 billion, of current-dollar U.S. gross domestic product (GDP) in 2020 and 1.7 percent, or $610.3 billion, of current-dollar gross output. Real (inflation-adjusted) GDP for the marine economy decreased 5.8 percent from 2019 to 2020, compared with a 3.4 percent decrease for the overall U.S. economy. Real gross output for the marine economy decreased 8.5 percent, while marine economy compensation decreased 1.2 percent, and employment decreased 10.8 percent.
- Current release: June 9, 2022
- 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.