" ITREALMS: The Blue Boom: Ocean economy
Showing posts with label The Blue Boom: Ocean economy. Show all posts
Showing posts with label The Blue Boom: Ocean economy. Show all posts

Wednesday, March 12, 2025

The Blue Boom: Ocean economy surges, but faces troubled waters - ITREALMS

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The cutting edge:
The ocean, once primarily viewed as a source of fish and a highway for ships, has exploded into a trillion-dollar powerhouse, driving a diverse array of industries from sun-soaked tourism to cutting-edge biotech.
New data reveals that the "blue economy" reached a staggering $2.2 trillion in global exports in 2023, with services comprising a dominant 59%. This surge underscores the ocean's vital role in powering everything from pharmaceuticals and clean energy to marine sports and advanced manufacturing, supporting over 600 million jobs worldwide.