The marine sector contributed nearly £229m (GVA) to the Somerset economy in 2020. The represents 2.1% of total economic output for the county compared to 2.8% of national economic output is accounted for by the same activities. The biggest contributions by district are from South Somerset (£97m) and Somerset West and Taunton (£77m).
5,155 full-time equivalent (FTE) jobs were supported by the Marine sector in Somerset in 2020, roughly 2.3% of all employment in the county. As with GVA output, the majority of this employment is found in Somerset West and Taunton (2,085) and South Somerset (1,738).
Measured as GVA per FTE job, productivity in the Marine sector stood at £44,430 in Somerset in 2020, compared to a national average of £53,550.
Source: Economic Model for Somerset and the Heart of the South West (HotSW) Local Enterprise Partnership, 2022