Jordan Ramos, Unsplash
The ocean economy is booming. But for how long?
UN Trade and Development (UNCTAD)
The ocean economy has grown 2.5 times since 1995, outpacing the global average.
In 2023, trade in ocean goods and services hit record highs of $899 billion and $1.3 trillion, respectively, highlighting the growing importance of marine activities for coastal and island nations. Fisheries alone now sustain 600 million people living mostly in developing countries.
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