August 28, 2013 — The value of the seafood from Alaska in 2011 was well over $6-billion dollars according to a new report from the Alaska Seafood Marketing Institute. The report is titled the “Economic Value of the Alaska Seafood Industry” and it was prepared for ASMI by the McDowell Group.
It’s the first time such a report was put together that considers all of the direct, indirect, and other economic effects of the Alaska seafood industry. The report shows that in 2011 the seafood industry employed about 94-thousand people with earnings of about $2.8-billion dollars. This includes about 32-thousand harvesters and another 32-thousand processors. The report puts the value of the Alaska seafood exports and the subsequent retail value of that seafood at about $6.4-billion dollars in 2011. The McDowell Group notes that the total direct and secondary economic output in the U.S. stemming from the Alaska seafood industry was estimated at $15.7-billion dollars in 2011.