Fisheries Economics of the United States 2016 Report

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scallopers tied up

In December, NOAA released the 11th Fisheries Economics of the United States report.

The report includes economic information related to commercial and recreational fishing activities, and fishing-related industries for the United States and the 23 coastal states for 2016.

The report includes statistics by subject:

Commercial fisheries (commercial fisheries landings, revenue, price trends)

Recreational fisheries (recreational fishing effort, participation rates, expenditure information)

Fishing-related industries (employer and non-employer establishment, payroll, annual receipt information for fishing-related industries)

Economic impact (employment, sales, value-added impacts)

Fisheries Economics of the United States 2016 Highlights:

The commercial fishing and seafood industry (harvesters, processors, dealers, wholesalers, and retailers) supported 1.2 million jobs in 2016, generating $144 billion in sales impacts and adding $61 billion to the GDP.

The U.S. seafood harvest increased 2 percent from 2015, and supported 711,000 jobs across the entire American economy.

The largest state-level employment impacts generated by the seafood industry occurred in California, Massachusetts, and Florida.

Landings revenue in the United States totaled $5.3 billion in 2016.

Sea scallops had the largest revenue increase in 2016, bringing in $46 million in landings revenue.

Sea scallops also brought the highest average ex-vessel price per pound ($12) among the key species and species groups in 2016, ranging from $9.51 in New York to $12.81 in Maine.

The U.S. lobster industry performed well, with a $43 million increase in revenue, primarily from the harvest of lobster off the coast of Maine and New England.

source: NOAA Fisheries