State of the U.S. Ocean and Coastal Economies 2016 Update

• Main Authors: Kildow, Dr. Judith T., Colgan, Charles S, Johnston, Pat
• Format: Text
• Language: unknown
• Published: Digital Commons @ Center for the Blue Economy 2016
• Subjects: Ocean Economy; Coastal Economy; Blue Economy; Oceans; Coasts; Economics; Environmental Studies; Arctic
• Online Access: https://cbe.miis.edu/noep_publications/18; https://cbe.miis.edu/cgi/viewcontent.cgi?article=1019&context=noep_publications

Relative to the landmass of coastal regions, America’s coasts and oceans contribute a disproportionately high value to the United States economy. For the past fifteen years, the National Ocean Economics Program (NOEP) has compiled time-series data that track multiple indicators for economic activities, demographics, natural resource production and values, non-market values, and federal expenditures in the U.S. coastal zone on land and in the water. On our website (www.oceaneconomics.org), government agencies, academia, industry, advocacy groups and the general public representing more than 40 nations— have had interactive access to this information and used it widely for many different purposes. This Update features highlights denoting economic changes that have occurred since our last report was issued in February 2014. We continue to measure two economies: the ocean economy, which includes all ocean-dependent activities in coastal states, and the coastal economy, which includes all economic activity in coastal states, according to geographies such as zip codes, shore adjacent and other coastal zone counties, and watersheds. In addition to updating the measures of economic activity such as employment, wages, and gross domestic product, we have updated our fisheries, offshore oil and gas, and ports and cargo data to indicate changes since our last report. Also, as we have in the past, we show sand nourishment production and price estimates; this time to track continuing changes in price and location in view of climate impacts along our nation’s coasts. We have added a new Arctic Economy page to our site and provide a brief report from it. Finally, we have been compiling federal expenditure data based on OMB annual estimates of all federal agency civilian expenditures for many years. We provide a brief summary of those data as well. The analysis presented here updates ocean economy information to 2013, the most recent available year for these data. Because of the lag in the production of ocean economy data by the ...