The Marine Institute presented the latest Ireland’s Ocean Economy Report to senior Government officials at the Project Ireland Marine 2040 meeting in Dublin on Thursday (22 January).
The report outlines the scale, contribution and performance of Ireland’s ocean economy, highlighting the sector’s strategic importance to national growth and long-term marine planning.
It reveals that in 2024 — the latest year for which data is available — Ireland’s ocean economy generated €8.39 billion in turnover, contributed €3.53 billion in Gross Value Added (GVA) and supported over 49,000 direct jobs.
When indirect impacts are included, the total economic contribution rises to €17.35 billion, accounting for two per cent of Ireland’s modified gross national income, and supporting more than 109,000 jobs.
The report examines 13 marine industry sectors, including tourism in marine and coastal areas, shipping and maritime transport, seafood (fisheries, aquaculture and processing) and emerging sectors such as offshore renewable energy, blue biotechnology and advanced marine technology.
It provides annual, five-year and 10-year trend analysis, as well as longer-term changes since 2010, highlighting growth trajectories, volatility and recovery patterns following major events such as the Covid-19 pandemic.
In addition to sector-specific performance, the report places Ireland’s ocean economy in the context of the wider Irish economy and the EU Blue Economy, comparing growth rates, contributions to GVA and employment trends at national and European levels.
Highlighting the publication of the report, Marine Institute chief executive Dr Rick Officer said: “The 2025 Ocean Economy Report provides critical insights to guide policy and planning decisions as we work to secure a blue economy that is both sustainable and resilient.
“The data and trends highlight Ireland’s potential to lead in innovation while supporting coastal communities. The report reaffirms the vital role of traditional industries in sustaining those communities as we navigate new challenges and and opportunities, and adapt to evolving policy, market and environmental conditions.”
The report will inform national marine policy and planning, and the important cross-government coordination work of the Project Ireland Marine 2040 group.

















































