U.S. ports are responsible for nearly $2.9 trillion in economic activity and 21.8 million American jobs, according to a study released by the American Association of Port Authorities (AAPA).
“One out of every eight jobs and almost $2.9 trillion in GDP means that we simply cannot begin to imagine our world without American ports,” says Cary S. Davis, AAPA president and CEO. “In spite of a perfect storm of challenges, including a pandemic, major macro-economic and geostrategic pressures, and increasingly protectionist political headwinds at home, the port industry remains an indispensable part of our nation’s supply chain as well as a dynamic catalyst for healthy growth and prosperity. That is exactly why federal government policymakers should continue making smart investments in our port system that will pay exponential dividends."
Key takeaways:
- The maritime industry, its consumer spending, suppliers, and port users support 21.8 million American jobs. That means the port and maritime industry supports more than one out of eight jobs in the total U.S. workforce. Total employment supported port and maritime activity is larger than the workforce in 90% of U.S. metropolitan areas.
- The average wage of a port and maritime employee is almost $100,000, which is 20% more than the average U.S. worker.
- Ports’ contribution to U.S. Gross Domestic Product totals almost $2.9 trillion.
- The wages and benefits supported by ports and maritime activities totals almost $2.8 trillion.
- More than $2.1 trillion, accounting for over 40% of the total value of U.S. goods, passed through a port.
