June 13, 2023 — The U.S. marine economy had an economic impact of USD 432 billion (EUR 402 billion) in 2021, making up nearly two percent of the country’s gross domestic product.
The annual Marine Economy Satellite Account, a joint publication of NOAA and the Bureau of Economic Analysis, shows the marine economy bouncing back strongly from the Covid-19 pandemic, outpacing overall U.S. economic growth with 7.4 percent growth in GDP and 10.5 percent growth in sales. The marine economy had dipped six percent in 2020 as the pandemic took a toll.