Page 10: of Marine News Magazine (September 2021)

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By the

Numbers

U.S. Shipbuilding and Repair Economic Impact

In 2019, the U.S. private shipbuilding and repair industry directly provided 107,180 jobs (see Figure 1), $9.9 billion in labor income and $12.2 billion in gross domestic product (GDP) to the national economy (see Figure 2), according to a recent report form the U.S. Department of Transportation’s Maritime Administration (MARAD). Including direct, indirect and induced impacts, on a nationwide basis, total economic activity associated with the industry reached 393,390 jobs, $28.1 billion of labor income and $42.4 billion in GDP in 2019.

The industry impact by state varies based on the level of direct activity and the share of the supply chain included in the state. The states with the highest levels of overall direct, indirect, and induced employment associated with the industry are

Virginia, California, Connecticut, Mississippi and Texas.

Considering the indirect and induced impacts, each direct job in the U.S. private shipbuilding and repair industry is as- sociated with another 2.67 jobs in other parts of the U.S. economy; each dollar of direct labor income and GDP in the U.S. private shipbuilding and repair industry is associated with another $1.82 in labor income and $2.48 in GDP, respectively, in other parts of the U.S. economy.

Currently there are 154 private shipyards in the U.S., spread across 29 states and the U.S. Virgin Islands, that are classi