The Ocean Economy in 2030

image of The Ocean Economy in 2030

This report explores the growth prospects for the ocean economy, its capacity for future employment creation and innovation, and its role in addressing global challenges. Special attention is devoted to the emerging ocean-based industries in light of their high growth and innovation potential, and contribution to addressing challenges such as energy security, environment, climate change and food security.


The report examines the risks and uncertainties surrounding the future development of ocean industries, the innovations required in science and technology to support their progress, their potential contribution to green growth and some of the implications for ocean management.  Finally, and looking across the future ocean economy as a whole, it explores possible avenues for action that could boost its long-term development prospects while managing the use of the ocean itself in responsible, sustainable ways.


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Measuring the global economic contribution of ocean-based industries

The ocean economy encompasses ocean-based industries and the ocean’s ecosystems. However, ecological accounting to value the ocean’s ecosystem services and natural assets at global level still requires much further research. This chapter therefore restricts itself to estimating the value of the world’s ocean-based industries, until the opportunity arises to perform further work on valuing ocean ecosystems. It begins with observations on current measurement issues before describing the OECD Ocean Economy Database, its sectoral composition, and the sources and data used. The remainder of the chapter is devoted to reporting some of the findings of this new database, notably estimates of the overall global value of the ocean economy on the basis of the ocean industries selected, approximate employment levels in the different industries, and a breakdown by sector and broad geographic regions.

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