Proceedings Of The Marine

SUM 2016

Proceedings magazine is a communication tool for the Coast Guard's Marine Safety & Security Council. Each quarterly magazine focuses on a specific theme of interest to the marine industry.

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13 Summer 2016 Proceedings Ocean-based economic activities support jobs across America and increase the quality of life from coast to coast. For example, offshore oil and gas production, an important ocean-based sector, provides energy for industry and transportation. Our seaports give farmers, manufacturers, and retailers access to overseas markets. The U.S. commercial fishing workforce, while small (about 120,000 workers), is responsible for all the sea- food produced in the nation. Ocean tourism and rec- reation attracts vacationers from across the nation and around the world, stimulating the U.S. economy and promoting cultural exchange. In these and many other ways, the health of our nation's economy is tied to the health of the oceans and Great Lakes. Consider, for example, the labor strikes at the ports of Los Angeles and Long Beach, California, in January 2015. Just a few of the estimated impacts include: • Twenty percent of the [nation's] 2015 fresh fruit and veg- etable crop exports to Asia were delayed 3 - 4 weeks, and rice crops were delayed 8 weeks. • The North American meat industry lost $85 million every week that its cuts of meat and poultry sat in freez- ers outside of West Coast ports. It is estimated that the residual effects of the port strike delays will cost retailers $7 billion. The U.S. Coastal Economy The coastal economy is an economic juggernaut. At almost $7 trillion in 2012, it accounted for close to half of the U.S. national gross domestic product (GDP). The 2012 U.S. coastal economy alone was greater than the national GDP in every country of the world except for the United States ($16 tril- lion) and China ($8.5 trillion). There is often confusion between the coastal economy and the ocean economy. 1 The coastal economy includes all eco- nomic activity that takes place along the geographic area defined as the "coast." However, definitions of the term dif- fer. For example, the U.S. Census Bureau defines a coastal county as one close to waters classified as "coastal water" or "territorial sea." Using this definition, there are 254 coastal counties in 23 states. The National Oceanic and Atmospheric U.S. Ocean and Coastal Economies Significant contribution to the national economy. by Ms. Tra CY r ouleau Deputy Chief Economist National Oceanic and Atmospheric Administration Mr. Je FF er Y a dk I ns Economist I.M. Systems Group Ms. Valer I e w ere Social Scientist I.M. Systems Group Overview The coastal and ocean economies, compared to the U.S. economy (gross domes- tic product, 2012). Graphic courtesy of NOAA.

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