Australia's Marine Industry Surges to $229 Billion Economic Output

Significant Growth Driven by Tourism and Natural Gas Sectors

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Australia's marine industry has demonstrated remarkable resilience and growth, achieving an economic output of $229 billion in 2023.

This represents a 19% increase compared to two years prior, as reported by the Australian Institute of Marine Science (AIMS).

The sector now supports 712,000 full-time equivalent jobs, marking a 52% rise in employment.

The primary drivers of this growth are the resurgence of domestic tourism and the expansion of the natural gas industry. The marine sector's contribution to the national economy underscores its vital role in Australia's economic landscape.

For individuals considering investment in marine assets, such as purchasing a boat, this upward trend signals a robust and thriving industry. Prospective boat owners can take confidence in the sector's stability and growth, which may positively influence financing options and loan terms.

As the marine industry continues to flourish, it presents opportunities for both economic participation and personal enjoyment. Whether for business or leisure, engaging with this dynamic sector offers promising prospects for Australians nationwide.

Published:Saturday, 8th Nov 2025
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

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Australia's Marine Industry Surges to $229 Billion Economic Output

Significant Growth Driven by Tourism and Natural Gas Sectors

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