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How much does the maritime economy contribute to the GDP in Colombia?

How much does the maritime economy contribute to the GDP in Colombia?

In a joint work, which has been described as innovative by statistical experts, Dane and the General Maritime Directorate (Dimar) presented this week the Satellite Account of the Maritime Sector (CSSM), with which from now on The country will be able to know how much this line of the economy contributes to the Gross Domestic Product.

As explained by those responsible, with this work you can not only see the economic movement of the sea, but also what are the most dynamic activities or subsectors and what are the growth opportunities that the country has, to generate development in the communities that depend on this industry.

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The general maritime director, Vice Admiral John Fabio Giraldo Gallo, said that the new sea account designed under the guidelines of the System of National Accounts, allows the annual measurement of the added value of economic activities related to the maritime sector, such as agriculture, livestock, hunting, forestry and fishing.

Likewise, it will review topics such as wholesale and retail trade; transportation and storage; industries manufacturing; construction of civil works, as well as services associated with the maritime sector.

Tensions in the Red Sea would lead to a container crisis.

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“This project began in 2021 and today we see the results of rigorous and technically robust work, which consolidates the magnitude of the sea economy, ensuring that the contributions of experts are absolutely technical and guaranteeing a solid and reliable methodology,” he said. Vice Admiral Giraldo.

The Dimar spokesperson added that “this satellite account, the fourth “Within the key sectors in Colombia, it represents a milestone from a statistical point of view and the interest in strengthening and enhancing the impact of the sector in the country, in economic, social and environmental terms.”

For her part, the deputy director of Dane, Andrea Ramírez Pisco, was in charge of releasing the specific data and said that the economic activities associated with the maritime sector in 2023 were 1.79% of the total national value added; thereby maintaining a trend, given that projections over time show values ​​at similar levels.

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In this sense, he explained that this is an important value when compared to activities of the national economy such as livestock, where its participation is 2.1% or coal extraction where its participation is 1.7%.

“Between 2019 and 2023, the maritime sector participated on average with 1.84% of the national value added. During this period, transportation and storage activities led the average participation with 36.2% of the added value of the maritime sector, followed by wholesale and retail trade with 30.9%,” he said.

Sea

Ocean warming

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The associated services appear in the same list to the maritime sector with 19.6%, agriculture, livestock, forestry, hunting and fishing with 8.6%, manufacturing industries with 4.3% and the construction of civil works with 0.5%.

“The share of value added by large economic activities related to the maritime sector in 2023 was: 34.6% for transportation and storage, followed by wholesale and retail trade with 31.1%, services related to the maritime sector with 21.6%, agriculture, livestock, hunting, forestry and fishing with 7.0%, manufacturing industries with 5.1% and construction of civil engineering works with 0.7%,” they added from Dane.

Both Dimar and Dane closed by highlighting that the Maritime Sector Satellite Account is aligned with the Sustainable Development Goals (SDG), in particular with SDG 14, which focuses on underwater life and seeks to conserve and sustainably use the oceans and marine resources, essential for life on earth.

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