Ocean Industries: A Growing Part of Canada's Economy
From fishing to waves and tides generating electricity, ocean industries are diverse and on the rise. In 2008, Canada’s ocean industries had generated jobs for some 329,000 individuals, more than doubling the number employed in 2000. Seafood production, energy production, transportation, shipping, and tourism represent economic engines for Canada, contributing $39 billion in 2008 to Canada’s Gross Domestic Product (GDP).
Canadian oceans provide livelihoods for many. While their living resources are renewable as we learn to respect their life cycles, their contribution to the Canadian economy is appreciable. In 2008, Canada’s ocean-bound Commercial Fisheries harvested about 455,000 tons of marine fish worth almost $360 million, along with some 438,000 tons of shellfish worth around $1.468 billion. Add to that aquaculture farming which represented, in 2011 about 123,000 tons of finfish and about 39,000 tons of shellfish worth some $763 million and $74 million, respectively. When considering the $100-billion trade industry that our shipping industry helps to facilitate, oceans activities have an enormous impact on the broader Canadian economy.
Today, key economic activities in Canada's oceans include:
Fisheries and Oceans Canada's (DFO's) fisheries management program works to provide Canadians with a sustainable fishery resource...
Aquaculture is the farming of fish, shellfish and aquatic plants in fresh or salt water.
More and more, Canada is using its oceans to find and develop new sources of energy.
Marine transportation industries bring vital social and economic benefits to all Canadians, especially to those living in coastal communities.
For more information on the economic impact of marine related activities in Canada, go to: http://www.dfo-mpo.gc.ca/ea-ae/economic-analysis-eng.htm
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