NOAA: Fisheries Contribute Largely to National Economics

Posted: March 12, 2013 at 12:31 pm

A recent NOAA Fisheries report shows that fisheries, both commercial and recreational, account to a large piece of the nation’s bottom line.

The recent report also breaks down the the report just by region.

The report tracks  the economic effects, price trends, employment, sales, payroll and annual receipt information for fishing-related businesses, from 202 through 2011.   Highlights show commercial fishermen caught nearly 10 billion pounds of fish and shellfish in 2011 valued at $5.3 billion. Pacific salmon, sea scallops, shrimp and lobster contributed the most to total revenue. For poundage,  pollock, menhaden and Pacific salmon accounted for more than half of the U.S. fish landed.

 

For Alaska, where no stocks are listed as over fished, the seafood industry generated $4.7 billion in sales, $2 billion in income and more than 63,000 jobs in 2011. Seafood processing and dealer operations contributed 26 percent to in-state sales for Alaska businesses generating over a billion dollars in sales.

 

Alaska pollock  made up more than half the total catch over the decade, followed by salmon, Pacific cod and flatfish.

 

When comparing   dock prices over the decade, and accounting for inflation, the biggest change was for Atka mackerel at  378%; salmon prices increased by 114%; halibut increased 200% and 159% for sablefish. On the low side, herring showed the biggest price decrease, dropping 46%.

 

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