According to a recent report for Maritime UK, the sector reports strong growth with an increase of 12.7% in turnover, 6.6% in GVA and 3.9% in employment over a five-year period.
It also showed that productivity per worker stood well above the UK average at £77,897, compared to £50,830, and that the sector contributes nearly £40 billion to the UK economy.
“As the engine of British trade, the UK maritime sector supports nearly 1 million jobs, contributes tens of billions to the UK GDP and drives exports as well as inward investment. Half a trillion pounds worth of goods pass through UK ports each year,” said David Dingle, chairman of Maritime UK. Continue reading “Good news for the UK maritime sector as it boosts the economy by £22bn annually”