In response to requests by state regulatory agencies and seafood organizations, the 2009 (and later) economic contributions of the Mississippi seafood industry by major species were imputed from state estimates published by NOAA Fisheries. Extension and research publications were developed to document the economic contributions of the major seafood species landed, processed, sold, and consumed in Mississippi.
Sales are the gross sales by businesses within the economic region affected by an activity. Sales, income, value-added, and tax contributions are measured in dollars. Employment or job contribution is expressed as a mix of full-time and part-time jobs. The total economic contribution is the sum of direct, indirect, and induced contributions.
The economic contributions of the state finfish industry in 2009 are shown in the table below. Sales contributions reached $101.91 million in 2009, generating 2,445 full-time and part-time jobs. The income contribution was $40.45 million, and the value-added created was $52.6 million. The industry-added tax impacts reached $4.68 million. The estimates of the 2009 economic contributions of the Mississippi finfish industry are summarized in MAFES Bulletin 1209.
Lesser economic contributions of the Mississippi finfish industry were estimated in 2011, as shown in the table below. The sector's sales contributions fell to $81.64 million, generating 2,003 full-time and part-time jobs. Income contribution reached $33.14 million, and value-added created was $42.75 million. The industry's tax impacts totaled $6.99 million. The estimates of the 2011 economic contributions of the Mississippi finfish industry are shown at https://coastal.msstate.edu/economic-impact-finfish.
Updated estimates of the 2015 economic contributions of the finfish industry in Mississippi are shown below. The industry's sales contribution reached $215 million. The value-added contribution from the industry exceeded $108 million. The industry generated more than 4,300 full-time and part-time jobs and income contributions amounting to more than $82 million.
Current estimates of the 2020 economic contributions of the finfish industry in Mississippi are shown below. The industry's sales contribution reached $155.5 million. The value-added contribution from the industry exceeded $89.4 million. The industry generated more than 2,923 full-time and part-time jobs and income contributions amounting to more than $59.5 million. The estimates of the 2020 economic contributions of the Mississippi finfish industry are available in Extension Publication P3954.
Sectoral Economic Contributions of the Seafood Industry
Economic Contributions by Major Species
Links to the Economic Contributions in the U.S., Alabama, and Mississippi