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Marine Economy Satellite Account, 2023

bea.gov·6 months ago
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The Marine Economy Satellite Account statistics released today by the U.S. Bureau of Economic Analysis show the marine economy accounted for $511.0 billion, or 1.8 percent, of current-dollar U.S. gross domestic product in 2023, an increase from $482.4 billion in 2022 (tables 2 and 3). The marine economy accounted for $826.6 billion, or 1.7 percent, of current-dollar gross output in 2023 (table 8). Real (inflation-adjusted) gross domestic product (GDP) for the marine economy increased 2.9 percent from 2022 to 2023 (table 1), compared with a 2.9 percent increase for the overall U.S. economy. Marine economy compensation increased 9.4 percent, or $19.1 billion, and employment increased 4.5 percent, or 111,000 full- and part-time employees. Today’s release also reflects updated statistics for 2014–2022.…

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