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Smooth sailing for marine economy

Smooth sailing for marine economy

27 October 2016

New Zealand’s marine economy directly contributed 1.9 percent ($4 billion) to total gross domestic product (GDP) in the year ended March 2013, according to a report published today by Statistics New Zealand. The 2013 proportion showed little change from 2007.

Offshore minerals (mainly oil and gas extraction and exploration), was the largest contributor to the marine economy, at 48 percent ($2 billion) in 2013. Shipping contributed 24 percent, and fisheries and aquaculture contributed 22 percent. An additional $3.7 billion was estimated to have been generated through supporting industries, resulting in a total of $7.7 billion (3.5 percent of GDP).

In terms of employment, the marine economy supported 102,400 filled jobs, of which 47 percent were in shipping and 46 percent in fisheries and aquaculture.

“While New Zealand’s marine economy is slightly smaller than global estimates, it still constitutes a significant part of our economy,” said environmental statistics manager Danny Oberhaus. By comparison, the dairy cattle farming industry contributed 2.3 percent to GDP in 2013.

“These results provide an indication of the economic benefits we receive from using our marine environment, which put in context the environmental impacts shown in Our marine environment 2016, which we also released today.”

Strong growth in the marine economy between 2007 and 2008 was due to increased value added from offshore minerals. In 2007, offshore minerals contributed $771 million. This increased to $2.2 billion in 2008, mainly due to additional production from new oil fields.

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New Zealand’s marine economy: 2007–13 provides information about the economic activities that took place in, or used, the marine environment, or that produced goods and services necessary for those activities, and made a direct contribution to the national economy from 2007 to 2013. It also gives more detail about the activities included in the analysis of the marine economy.

See also Our marine environment 2016 for the state of our marine environment, the pressures that contribute to this state, and the impact it has on us.

For more information about these statistics:

• Visit Smooth sailing for marine economy


ends

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