U.S. shipyards support $42.4 billion in GDP

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A new study from the U.S. Department of Transportation’s Maritime Administration highlights the importance of American shipyards, noting that they support $42.4 billion in gross domestic product. The Economic Importance of the U.S. Private Shipbuilding and Repairing Industry measures the economic importance of the shipbuilding and repair industry at the national and state levels for calendar year 2019. In 2019, the nation’s 154 private shipyards directly provided more than 107,000 jobs and contributed $9.9 billion in labor income to the national economy. On a nationwide basis— including direct, indirect, and induced impacts—the industry supported 393,390 jobs, $28.1 billion of labor income, and $42.4 billion in GDP. Download the full report here.

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