EU Blue Economy Report

The “Blue” in “Blue Economy” stands for the seas and oceans. As a vital component of Europe’s coastal economies, oceans can also contribute to our continent’s overall prosperity. They can produce investment, jobs and economic growth – and the heathier they are, the more productive they’ll be.

Therefore, the Blue Economy must be a Sustainable Blue Economy. The European Commission has undertaken to measure the trends, performance and progress of the Blue Economy and systematically monitor these. This first Annual Economic Report of the EU Blue Economy looks not only at established maritime sectors such as ports, shipbuilding, transport, etc., but also at some innovative sectors now emerging. It provides a set of economic data that, we hope, can inform policy-making, help academic research and guide investments in the Blue Economy.
The youngest born in a family of reports already covering the EU fishing fleet, the EU aquaculture sector and the EU processing sector, the report complements the ones already produced by other international organisations and maritime nations. Year after year, we will strive to update and refine its contents to make it a must read for any blue economy professional.
Karmenu Vella, European Commissioner for Environment, Fisheries and Maritime Affairs.

The Annual Report on the EU Blue Economy aims to describe the scope and size of the blue economy in the European Union, creating a baseline to support policymakers and stakeholders in the quest for sustainable development of oceans, seas and coastal resources. It will monitor developments in the EU blue economy annually and examine the drivers behind trends.
The report examines not only established sectors (meaning, for the purposes of this report, those that have traditionally contributed to the blue economy) but also emerging and innovative sectors, which bring new opportunities for investment and hold huge potential for future development. It describes the most recent trends in several socioeconomic indicators and analyses the drivers behind such trends. Analyses are provided for the EU as a whole and by sector and industry for each Member State. Reflecting the availability of comparable datasets across all Member States, the focus of this first report is primarily on the established sectors. Photo: Marek Grzybowski