Commercial vs Recreational Striped Bass Fishing Revenue
- Created: Friday, 23 August 2019 18:17
- Last Updated: Friday, 23 August 2019 18:17
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Commercial vs Recreational Striped Bass Fishing RevenueI was surprised by the findings in a recent 2019 report from Southwick Associates which compared Commercial and Recreational Striped Bass Fishing Revenue. The report indicated the following:
97% of total economic contribution associated with striped bass fishing came from the recreational sector in 2016. According to the report, total revenues in the commercial sector (from Maine to North Carolina) were $19.8 million that year, while total expenditures in the recreational sector amounted to $6.3 billion. The contribution of the commercial sector to the region’s gross domestic product (GDP) when attempting to account for all industries involved in harvesting, processing, distributing, and retailing striped bass to consumers, was $103.2 million and supported 2,664 regional jobs. In comparison, the contribution of the recreational sector to theregion’s GDP was $7.7 billion and supported 104,867 jobs. Importantly, the report acknowledges that it is not intended to be used to set fishery regulations, but rather to demonstrate the economic significance of striped bass to local economies. It should also be noted that these numbers are an average for the entire region and actual economic impacts are expected to vary by state.