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

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The Transportation sector has the largest employment, wage, and GSP multiplier effects,
while the Minerals sector also has a substantial employment multiplier.
2.8 Changes in the California Ocean Economy 1990-2000
The California Ocean Economy underwent profound changes during the decade 1990- 2000.
Table 2-14: Changes in the California Ocean Economy, 1990-2000 (Direct)
Sector Employment Wages GSP
Change % Change Change % Change Change % Change
(millions)
(millions)
Construction -1,265 -30.9% -$54.9 -25.04% -$105.2 -25.39%
Living Resources -725 -10.8% -$40.5 -19.61% -$160.3 -28.44%
Minerals -535 -34.5% -$16.3 -19.51% $98.0 30.89%
Ship & Boat Building -15,292 -59.2% -$695.8 -64.82% -$788.8 -61.53%
Tourism & Recreation 81,507 35.2% $1,943.9 53.98% $4,736.9 61.60%
Transportation -44,686 -37.6% -$1,866.8 -26.71% -$1,718.8 -18.88%
All Ocean Sectors 19,004 4.9% -$730.4 -6.00% $2,061.9 10.64%
Only the Tourism & Recreation sector exhibited growth in employment, wages, and GSP as
shown in Figure 2-9. Every other sector in the Ocean Economy declined in employment
and real wages, and all except Minerals declined in direct GSP. This is a significant change
toward services-oriented uses and away from goods-related uses related to the ocean.
80%
60%
40%
20%
0%
-20%
-40%
-60%
-80%
-30.87%
-25.04% -19.61%
-25.39%
-10.76%
California Ocean Sector Changes 1990-2000
-28.44%
-34.54%
30.89%
-19.51%
-59.16% -61.53%
-64.82%
Construction Living Resources Minerals Ship & Boat
Building
Ocean Sector
35.15%
61.60%
53.98%
Tourism &
Recreation
Figure 2-9: Changes in California’s Ocean Economy by Sector, 1990-2000
Possible reasons for these changes follow:
28
-37.56%
-18.88%
-26.71%
4.88%
Employment
Wages
GSP
-6.00%
10.64%
Transportation All Ocean
Sectors