Commissioned by ACMG and prepared by independent economic consultants AEC Group, the report provides an in-depth assessment of the commercial marine industry's direct, supply chain, and broader economic impacts. It encompasses various facets, including employment, wages, and industry activity across tourism, logistics, manufacturing, and trade.
The EIS highlights that the sector generates $50.93 billion in annual business output and pays $14.2 billion in wages to Australian households each year. Notably, New South Wales emerges as the largest economic driver, closely followed by Queensland. With the upcoming Olympic Games, Queensland is expected to surpass New South Wales if the comprehensive 2032 Marine Project is adopted.
ACMG CEO David Good emphasized the importance of this study, stating that it provides hard evidence of the economic significance of Australia's commercial marine sector. He noted that the EIS serves as a robust, independent benchmark capturing the full scale of the industry's contribution to jobs, productivity, and national prosperity.
The findings of this report are poised to guide policy, infrastructure investment, and workforce development across Australia's marine industry. By highlighting the sector's extensive supply chains, which extend across transport, tourism, advanced manufacturing, engineering, and marine science, the EIS underscores the interconnectedness and vital importance of the commercial marine industry to the broader economy.
