Petersburg Pilot -

Fish Factor: Maritime economy growth double the entire US GDP in 2019

 


Blue pipeline booms - The nation’s maritime economy grew at pace that nearly doubled the growth of the entire U.S. GDP in 2019.

GDP stands for gross domestic product and reflects the total market value of all finished goods and services in a specific time frame. It is used to estimate the size of an economy and its growth rate – a sort of comprehensive scorecard of a country’s economic health.

A first-ever report released this month by the U.S. Dept. of Commerce showed that the so-called “blue economy” grew by 4.2% and generated nearly $400 billion to the GDP.

Along with the oce...



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