Marine Economy Scotland by sector

Key Findings

Scotland’s marine economy includes a wide range of sectors creating employment. They provide an important source of income and employment across Scotland.
These figures are measured by aGVA approximate Gross Value Added (aGVA), this is can be described as the amount a sector contributes to the economy minus the cost, it is approximately the same as profit. The servicing of the Oil and Gas Sector has seen a steady decline since 2013 but appears to be rebounding. The second largest sector, fishing has been steady out with 2020/21 when it was effected by COVID19, it is now recovering. (figure 1).
Turnover is total amount spent in a sector, these figures have been more stable that aGVA with the exception of Oil and Gas that had an upswing around 2014 but is currently reducing. (figure 2).
Fishing continues to be the largest employer in the included marine sectors and has remained broadly stable through the period. (figure 3).

Figure 1

Figure 2

Figure 3

Notes

aGVA represents the amount that individual businesses, industries or sectors contribute to the economy. Generally, this is measured by the income generated by the business, industry or sector minus their intermediate consumption of goods and services used up in order to produce their output, labour costs (for example, wages and salaries) and an operating surplus (or loss). The latter is a good approximation for profits, from which the cost of capital investment, financial charges and the payment of dividends to shareholders are met.

These figure do the Oil and Gas Service Sector but not Oil and Gas extraction.

To enable comparison of monetary values over time, all values are in 2022 prices. This involved applying HM Treasury deflation tables to previous years data. The sources and methods used in this report are set out in the Data and Methodology.

Linked Information Sheets

Marine Tourism Businesses
Visitor Numbers at Key Sites
Cruise Tourism (Vessel Numbers)
Cruise Tourism (Visitor Numbers)
Contribution to Economy
Employment
Skills and Training

Key sources of Information

Supporting documents - Scotland's Marine Economic Statistics 2022 - gov.scot

Supporting documents - Scotland's Marine Economic Statistics 2021 - gov.scot

Supporting documents - Scotland's Marine Economic Statistics 2020 - gov.scot

Supporting documents - Scotland's Marine Economic Statistics 2019 - gov.scot

DCMS Economic Estimates 2019: Gross Value Added – Technical and quality assurance report - GOV.UK

Reviewed on/by

18/12/23 by Ian Hay

Status

First Draft (this is for demonstration only at this time and has not been reviewed)

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Contact us

Telephone: 07971149117

E-mail: ian.hay@stateofthecoast.scot

Cover Photograph - David R. Green