The European Blue Economy report is a compass to help decision-makers and stakeholders navigate the waters of the European blue economy.

The 2023 edition of the report highlights the evolution of the blue economy sectors since 2010. It shows that despite the negative impact of the COVID19 pandemic and the unprovoked Russian invasion of Ukraine, most of the analysed sectors increased their economic performances.

Overall, the established sectors of the EU blue economy (marine living resources, non-living marine resources, marine renewable energy, port activities, shipbuilding and repair, maritime transport, and coastal tourism) generated a gross value added (GVA) of €129 billion in 2020, for €43.6 billion of profit and a total turnover at €523 billion.

Among the emerging sectors, the algae sector is one of the most dynamic sub-sectors in blue biotechnology. Available socio-economic estimates show that algae production in Europe generated an annual turnover well above €10 million in France, Spain and Portugal, the Member States with the largest number of production facilities.

Together with the findings on established and emerging sectors, the 2023 version includes a chapter on the Energy Transition in the Blue Economy. This section follows the Commission Communication on the Energy Transition of EU fisheries and aquaculture sector. It starts a series of analyses on this topic that will support the Energy Transition Partnership on EU Fisheries and Aquaculture. The Partnership will be officially launched on 16 June, and registration is now open.

The section dedicated to Climate Change and Coastal Impact is a new addition to this year’s edition. Climate change could profoundly impact coastal zones due to sea level rise, changes in frequency and intensity of storms, coastal floods and erosion. The Commission’s Joint Research Centre has developed the integrated risk assessment tool LISCoAsT (Large scale Integrated Sea-level and Coastal Assessment Tool) to assess its impact on the EU coasts. This tool evaluates the dynamics of coastal flood impacts, adaptation and ecosystem services along the EU27 coastline. This section of the report is dedicated to the latest findings.

The EU Blue Economy report is the annual flagship publication of the Directorate-General for Maritime Affairs and Fisheries and the Joint Research Centre of the European Commission. It offers an in-depth analysis of the scope and size of our blue economy.

The Blue Economy encompasses all economic activities based on or related to the ocean, seas and coasts. This includes fisheries, aquaculture, coastal tourism, shipping and ports, offshore renewable energy, and biotechnology.