A recent report undertaken by Oxford Economics highlights the importance of the maritime sector, and in particular the role of ports to the economic wellbeing of Scotland. In total the maritime services sector supported an estimated £3.8 billion of Gross Value Added in Scotland, equivalent to 3.5% of the country’s total economic output in 2011. In terms of the breakdown of this total impact, the ports industry accounted for approximately 70% of the impact, supporting over £2.7 billion in 2011.
Commenting on the report, Sinclair Browne Chief Executive of Port of Inverness says, “This study clearly shows the importance of the maritime industry to the Scottish Economy but more importantly highlights the significant contribution of the ports industry to the Scottish economy. The industry is highly productive with each port employee generating on average approximately £53,500 in Gross Value Added in 2011.”