Ireland’s Ocean Economy, 2022

Abstract

This report provides an update on Ireland’s ocean economy across three main economic indicators: turnover, gross value added (GVA) and employment, and provides an analysis of trends over the last five years. The report also reviews demographic change in Ireland’s coastal economy, as well as highlighting developments in marine natural capital accounting. The economic trends are presented in the context of key drivers (e.g. policy, legislative, geo-political) that are directly or indirectly impacting on the performance of the ocean economy industries currently and possibly impacting into the future. This report is the sixth in the ocean economy series2. The methodology used in compiling this report builds on previous reports allowing for a complete and comparable representation of Ireland’s ocean economy across all industries. The reference year for the data is primarily 2020 (based on best available data), with estimates based on economic projections of Ireland’s ocean economy up to 2021 also provided. These estimates are based on a forecasting exercise that combines the latest published economic data from the CSO, BIM, government economic forecasts, information and data obtained from surveys with marine-related businesses, and insights from government departments and agencies.