California's Ocean Economy - California Resources Agency - State ...

NOEP
2.6 California’s Ocean Economy: Statewide Summaries by Sector
• The direct market value, or GSP, of California’s Ocean Economy was $21.4 billion in
2000. Total market value, or GSP in 2000 was $42.9 billion.
The ocean-related GSP grew by 10.64% in constant 2000 dollars between 1990 and 2000.
This lagged behind California’s overall economic growth. This lagging trend in growth was
similar to the nation.
• The Marine Minerals and Coastal Recreation & Tourism sectors increased in GSP.
• California’s Ocean Economy directly provided over 400,000 jobs in 2000, and more than
690,000 jobs when multiplier effects are considered.
• Employment in California’s Ocean Economy grew more slowly than the state’s overall
economy. Wage and salary jobs in the Ocean Economy grew approximately 4.9%,
compared with 13.8% overall growth in California. The increase was almost entirely due
to growth in Tourism & Recreation jobs in the coastal regions.
• The coastal-related Tourism & Recreation sector dominated job growth in the Ocean
Economy, during the past decade, while jobs in other ocean-related sectors declined.
This trend, which also took place nationally, represents a profound shift in how the
ocean relates to the economy, towards services and away from goods-related economic
activity (see Figures 2-6 and 2-7).
GSP in $Millions
$14,000
$12,000
$10,000
$8,000
$6,000
$4,000
$2,000
$0
Construction
Living
Resources
Minerals
Ship & Boat
Building
1990 $414.25 $563.57 $317.44 $1,281.95 $7,689.70 $9,105.66
2000 $309.08 $403.28 $415.49 $493.14 $12,426.60 $7,386.84
Sector Values in $Millions
Figure 2-6: California Sectoral Comparisons by GSP
24
Tourism &
Recreation
Transportation