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how much is the fishing industry worth插图

$90 million dollars
How much is the fishing industry? The seafood industry (including aquaculture such as oyster farmers) and its fishers,wholesalers,processors and retailers generates over half a billion dollars of economic activity each year. Of this,wild harvest component is worth more than$90 million dollarsat first point of sale.

How big is the fishing industry in the US?

Industry-specific and extensively researched technical data (partially from exclusive partnerships). A paid subscription is required for full access. The fishing sector in the United States was valued at 10.05 billion U.S. dollars in 2020, down from the previous year’s size of 10.11 billion U.S. dollars.

How much does recreational fishing contribute to the economy?

Saltwater recreational fishing supported 472,000 jobs, generated $68 billion in sales impacts across the economy, and contributed $39 billion to the GDP, all metrics that increased 7 percent from 2015 measurements.

How much does the seafood industry contribute to the economy?

The domestic lobster industry also performed well, with a $43 million increase in revenue, primarily from the harvest of lobster off the coast of Maine and New England. “This report illustrates the depth and breadth of fishing and seafood’s contribution to our country’s economy,” said Chris Oliver, assistant NOAA administrator for fisheries.

How many people go saltwater fishing each year?

Nationally, 9.8 million saltwater anglers took recreational fishing trips in 2016 — a 9 percent increase in anglers from 2015. Saltwater recreational fishing supported 472,000 jobs, generated $68 billion in sales impacts across the economy, and contributed $39 billion to the GDP, all metrics that increased 7 percent from 2015 measurements.

What does a lower solvency ratio mean?

The lower the ratio, the more solvent the business is.

What is the profitability of a business?

It indicates the profitability of a business, relating the total business revenue to the amount of investment committed to earning that income. This ratio provides an indication of the economic productivity of capital.

What is a current liability?

Current liabilities are generally paid out of current assets or through creation of other current liabilities. Examples of such liabilities include accounts payable, customer advances, etc.

What is a solvency ratio?

This is a solvency ratio, which indicates a firm’s ability to pay its long-term debts. The lower the positive ratio is, the more solvent the business. The debt to equity ratio also provides information on the capital structure of a business, the extent to which a firm’s capital is financed through debt. This ratio is relevant for all industries.

What does a positive debt to equity ratio indicate?

This is a solvency ratio, which indicates a firm’s ability to pay its long-term debts. The lower the positive ratio is, the more solvent the business. The debt to equity ratio also provides information on the capital structure of a business, the extent to which a firm’s capital is financed through debt.

What is the ratio of interest earned?

This ratio calculates the average number of times that interest owing is earned and, therefore, indicates the debt risk of a business. The larger the ratio, the more able a firm is to cover its interest obligations on debt. This ratio is not very relevant for financial industries. This ratio is also known as "times interest earned."

What is inventory turnover?

This is an efficiency ratio, which indicates the average liquidity of the inventory or whether a business has over or under stocked inventory. This ratio is also known as "inventory turnover" and is often calculated using "cost of sales" rather than "total revenue." This ratio is not very relevant for financial, construction and real estate industries.

How do fisheries contribute to the economy?

Fisheries contribute to livelihoods, employment and income with particular importance in coastal communities in developing countries. The FAO estimates that fisheries and aquaculture support the livelihoods of 10–12 percent of the world’s population, with some 60 million people directly engaged in capture fisheries and aquaculture (some 40.3 million people engaged in capture fisheries), and some 200 million along the value chain from harvesting to distribution, making the livelihoods of some 660 to 820 million people dependent on the sector. Employment in the fisheries and aquaculture sectors has grown faster than the world’s population and faster than employment in traditional agriculture.

How many fishing vessels were there in 2016?

The total number of fishing vessels in the world in 2016 was estimated to be about 4.6 million. The fleet in Asia was the largest, consisting of 3.5 million vessels, accounting for 75 percent of the global fleet. Globally, the number of engine-powered vessels was estimated to be 2.8 million in 2016 [representing 61 percent …

How many people die from fishing?

The ILO and FAO estimate that between 24 000 and 32 000 deaths occur annually in the pursuit of fishing – making fishing the most hazardous occupation in the World. And when we further consider the disproportionally high negative health effects of fishing on industry participants – working in a constantly moving, vibrating workplace, with stress, poor dietary habits, fatigue, etc, there is much work to be done. Studies have shown that high blood pressure, high triglycerides, diabetes and obesity, as well as risk behaviours such as smoking and physical inactivity are highly prevalent in seafarers and fishermen – and also much more common than among respective general populations.

What are the health effects of working at sea?

In addition, ergonomic problems leading to an increased risk of musculoskeletal disorders, deaths from mesothelioma among ships’ engineers and engine ratings (reported to be six times that of the general population), significantly greater risks of other forms of cancer, psychological and mental health problems, including high suicide rates are all further documented features of work at sea.

How much fish is exported in 2016?

The global fish export trade amounted to some $143 billion in 2016 – a figure that will continue to rise. Per capita fish consumption has soared – from 10 kg in the 1960s to more than 20 kg in 2016 and projected to reach 21.5 kg in 2030.

What are the most common health problems in seafarers?

Studies have shown that high blood pressure, high triglycerides, diabetes and obesity, as well as risk behaviours such as smoking and physical inactivity are highly prevalent in seafarers and fishermen – and also much more common than among respective general populations.

Is fishing bad for health?

Sadly, while the physical risks of fishing may be well documented, we still don’t have an accurate or comprehensive understanding of the real number of negative safety events and occupational health issues taking place out there – and we know even less about the real causation factors leading to these events. To add to this unclear picture is the realisation that many “studies” currently available are simply a regurgitation of earlier, older studies, with nothing new to add to our body of knowledge. We need a new way of gathering REAL information.

How many people took recreational fishing trips in 2016?

Nationally, 9.8 million saltwater anglers took recreational fishing trips in 2016 — a 9 percent increase in anglers from 2015. Saltwater recreational fishing supported 472,000 jobs, generated $68 billion in sales impacts across the economy, and contributed $39 billion to the GDP, all metrics that increased 7 percent from 2015 measurements. …

What is the 11th volume of Fisheries Economics of the United States?

Fisheries Economics of the United States 2016 is the 11th volume in an annual series designed to give the public accessible economic information on fishing and seafood in the U.S., and is a companion to Fisheries of the United States. Media contact:

How many jobs did the seafood industry create in 2016?

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.

How much did the scallop industry make in 2016?

Sea scallops had the largest revenue increase in 2016, bringing in $46 million in landings revenue. The domestic lobster industry also performed well, with a $43 million increase in revenue, primarily from the harvest of lobster off the coast of Maine and New England.

When was the 11th Fisheries Economics of the United States released?

December 13, 2018. Today, NOAA released the 11th Fisheries Economics of the United States report which provides the most up-to-date economic statistics on commercial and recreational fisheries as well as seafood-related businesses for each coastal state and the nation.