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Australia's Marine Industry Surges to $229 Billion in 2023
Significant Growth Driven by Tourism and Natural Gas Sectors
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The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.
Australia's marine industry has achieved a remarkable economic milestone, with its output soaring to $229 billion in 2023.
This 19% increase from previous years underscores the sector's robust growth and its pivotal role in the national economy.
The Australian Institute of Marine Science (AIMS) released the 2025 AIMS Index of Marine Industry, providing a comprehensive assessment of the sector's contribution. The report highlights that the marine industry now supports approximately 712,000 full-time equivalent jobs, reflecting a 52% increase compared to two years prior.
Key drivers of this growth include a resurgence in domestic tourism and an expanding natural gas industry. The marine sector's total value added in the 2022-23 financial year was $203 billion, accounting for 9.1% of Australia's Gross Domestic Product (GDP). This figure comprises $140 billion generated across 19 industries and an additional $63 billion in indirect value added across 109 upstream industry groups.
For individuals considering investment in the marine sector, these figures highlight a thriving industry with diverse opportunities. Whether it's exploring marine tourism ventures or engaging in natural gas-related marine activities, the sector's expansion presents numerous possibilities.
As the marine industry continues to flourish, it remains a cornerstone of Australia's economic landscape, offering promising prospects for businesses and individuals alike.
Published:Thursday, 1st Jan 2026 Source: Paige Estritori
Please Note: If this information affects you, seek advice from a licensed professional.
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