Economic Contributions of the U.S. Seafood Industry

Total Economic Contributions

The NOAA Fisheries Economic Model generates estimates for four types of impacts - employment, income, the total value-added, and output. The income, the total value-added, and output impacts are expressed in dollars for the year specified by the user. Employment impacts are expressed in terms of a mix of both full-time and part-time jobs. The total economic impact is the sum of direct, indirect, and induced impacts. Indirect impacts result from changes in the economic activity of other industrial sectors that supply goods or services to the sector being evaluated. Induced impacts are the result of personal consumption expenditures by industry employees.


Source of raw data: NOAA FISHERIES. 

Sectoral Contributions

Commercial harvesting corresponds to economic sectors 114111 or “finfish fishing” and 114112 or “shellfish fishing” in the North American Industrial Classification System. 
 
Seafood processing primarily corresponds to code 311711 or “seafood canning” and code 311712 or “fresh and frozen seafood processing” in the North American Industrial Classification System. 
Seafood wholesaling corresponds to NAICS codes 424460 or “fish and seafood merchant wholesalers” in the North American Industrial Classification System.
Fish and seafood markets correspond to NAICS code 445220 or “fish and seafood markets” in the North American Industrial Classification System.

Eating and drinking places include “full-service restaurants” and limited-service restaurants” in the North American Industrial Classification System.

Links to the Economic Impacts in the U.S. and other states