Approximate Gross Value Added by the Maritime Sector

Key Findings

Scotland’s marine economy includes activities dependent on the marine environment. 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
In 2022, the marine economy generated £4.9 billion in approximate Gross Value Added (aGVA), 3% of the overall Scottish economy. Aberdeenshire and Aberdeen City together make up 57% of this total.
The longer term trend shows that between 2013 and 2022 the marine economy aGVA fell by 14%. Sector including fishing, tourism, ferry services increase whilst Oil and Gas and construction in the water and sewage sectors fell. These figures do not include offshore renewable energy.
For Aberdeen and Aberdeenshire aGVA for the maritime sector fell markedly from 2019 to 2020 but has recovered by 2022. This is likely to be due to COVD19 and the effect on oil and gas prices and early issues with Brexit. 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