Irish blue growth report
A new report on the Irish blue economy shows that the sector is performing better than the general economy.
The positive findings of the fourth report published by NUI Galway’s Socio-Economic Marine Research Unit (SEMRU) were announced at the Our Ocean Wealth Summit 2017 conference in Galway.
Figures show that the direct economic value of Ireland’s ocean economy was €1.8 billion or approximately 0.9% of gross domestic product (GDP) in 2016, which represents a 20% increase on 2014 levels. The ocean economy provided jobs for more than 30,000 people in 2016.
The release of the report coincides with The National Marine Research & Innovation Strategy launched by the Irish Minister for Agriculture, Food and the Marine, Michael Creed.
This strategy aims to ensure that the outputs of new research and innovation are combined with existing knowledge to maximise the value of the marine economy.
For more information, see www.ouroceanwealth.ie
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