Marine economy sees major growth including massive 2 024% increase in turnover from offshore wind farms

Professor John Robertson OBA

From Scotland’s Marine Economic Statistics 2023 published yesterday, the more positive extracts which may well be selectively ignored by MSM.

Scotland’s marine economy includes activities dependent on the marine environment. They provide an important source of income and employment across Scotland. Some key points are: In 2023, the marine economy generated £5.6 billion in approximate Gross Value Added (aGVA), 3% of the overall Scottish economy.

In 2023, the marine economy employed 75,900 people (headcount), 2.9% of the total Scottish employment. Between 2022 and 2023, the marine economy’s aGVA increased by 4%.

In the longer term, from 2014 to 2023, the approximate Gross Value Added (aGVA) from fishing increased by 10% to £394 million.

From 2014 to 2023, the aGVA from aquaculture increased by 37%.

From 2014 to 2023, the aGVA from ship building decreased by 19%. However, the aGVA increased by 22% from 2022 to 2023.

The Scottish offshore wind sector, which is not included in the overall marine economy numbers due to limitations estimating approximate Gross Value Added, had an estimated turnover of £2.6 billion in 2023.

From 2014 to 2023, the turnover from the Scottish offshore wind farm industry increased by 2024%.

https://www.gov.scot/publications/scotlands-marine-economic-statistics-2023/


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