U.S. Bureau of Economic Analysis: Marine Economy, 2020

[from the U.S. Bureau of Economic Analysis]

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.

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