The Federal Ministry for Economic Affairs and Energy today published a study measuring economic output and employment in the German maritime industry.
Based on datasets predating the COVID-19 pandemic, the study is the first to provide a sound scientific analysis of the maritime sector’s overall economic weight. It highlights the strengths of the sector in Germany, and shows just how important it is for the maritime industry to regain its old strength after the pandemic.
Said Norbert Brackmann, Federal Government Coordinator for the Maritime Industry: “In the future, we will be able to use the positive economic momentum generated by the maritime industry only if we continue to guarantee the sector’s competitiveness and its ability to excel in Germany. The results of the study show very clearly what is at stake if the maritime industry does not return to its old strength.”
The analysis, entitled Maritime Economic Output and Employment in Germany, covers all of the various maritime branches, including shipbuilding, shipping, offshore activities, ports, and fisheries, and their impact on overall economic output in Germany. In 2018, the maritime industry secured 449,800 jobs generating €29.8 billion in economic output and €86.3 billion in turnover. This means that 100 jobs in the maritime industry safeguard another 130 jobs in other sectors in Germany.
The maritime analysis was commissioned by the Federal Minister for Economic Affairs and Energy and conducted by a consortium consisting of ISL (Institute of Shipping Economic and Logistics), Fraunhofer CML, ETR (Economic Trends Research) and DIW Econ.
On 10 and 11 May, the 12th National Maritime Conference, which this year is themed “Wirtschaft braucht Meer” [Business needs more: Business needs the sea], is taking place in Rostock. The main focus will be on climate action and on economic output from the maritime industry.