Tasmanian Fisheries and Aquaculture Industry Economic Contributions

This data presents the economic contribution of six key fisheries and aquaculture production sectors to the Tasmanian economy. These six fisheries and aquaculture sectors are:-    Tasmanian Rock Lobster Fishery;-    Tasmanian Abalone Fishery;-    Tasmanian Scalefish Fishery;-    Tasmanian Salmonid Aquaculture;-    Tasmanian Pacific Oyster Aquaculture; and-    Tasmanian Abalone Aquaculture.The economic contribution of these fisheries and aquaculture sectors are measured through the following indicators:-    Gross Value Added (GVA)-    Contribution to Household Income-    Number of persons employed -    Contribution to the total full-time equivalent (FTE) workforceThe work was undertaken by the Institute for Marine and Antarctic Studies at the University of Tasmania in collaboration with BDO and builds on the foundations and approach set out in 2017/18 National Fisheries and Aquaculture Industry Contributions Study (FRDC 2017-210). To generate the values for the indicators listed above, the framework recommended in Australian Fisheries and Aquaculture Industry: Economic Contributions Estimates - Practitioner Guidelines 2019 (IMAS 2020) was applied. For the analysis in this report, the contribution of immediate processing or farm gate retail activity is not included. The estimates are based on the best available information at the time of writing and apply input-output modelling (developed by BDO) that uses the economic profiles and conversion to basic prices as provided by IMAS.The study was conducted to contribute to the measuring and monitoring of the contribution of Tasmania’s seafood production activities to the economic prosperity and wellbeing of Tasmanians. Understanding the economic contribution of the seafood processing sector is a significant area for further research in advancing our knowledge of the economy broadly associated with fishing and aquaculture in Tasmania.