US Blue Economy Outpaced Regular Economy In 2019

The numbers for 2019 have within the kill been tabulated and portray the US marine (Blue) economy has performed properly. In truth, it grew by a bigger margin than the remaining of the US economy.

In line with the US National Oceanic and Atmospheric Administration, the guidelines shows that through US inferior domestic product measured in inflation-adjusted bucks, the marine economy grew by 4.2% between 2018 and 2019. This genuine efficiency outstrips the remaining of the US economy, which grew by 2.4%.

In 2019, the Blue Economy supported 2.4 million jobs and generated a formidable $665.7 billion (~558 billion Euros) in sales.

The tip five sectors of the Blue Economy where:

• Tourism and sport, including leisure fishing which have been worth $235 billion.
• National protection and public administration were worth $180 billion.
• Offshore minerals were worth $93 billion.
• Transportation and warehousing, which used to be worth $64 billion.
• Industrial Ship and boat building which used to be worth $31 billion.

Commenting on the figures, Gina Raimondo, the US Secretary of Commerce, stated:

“The United States’s sturdy marine economy is de facto essential for building encourage greater. President Biden sees the colossal set and doable of strengthening The United States’s blue economy, and this administration will continue to buy actions to fight the climate crisis, conserve our oceans, and protect our coastal communities.”