The ocean economy’s substantial growth between 1995 and 2020 is under threat due to various factors, such as climate change and environmental degradation. The Organisation for Economic Co-operation and Development (OECD) highlights that without increased protection, the global ocean economy of $2.3 trillion could face major disruptions. The report also sheds light on the importance of the oceans in providing food security, transportation of goods, and carrying international internet traffic. The strong growth of the ocean economy over the past years, driven by industries like tourism and offshore oil and gas, made it comparable to the world’s fifth-largest economy. However, the potential for future growth depends on policy measures addressing the challenges the ocean economy is facing.

Source: https://www.aljazeera.com/news/2025/3/31/ocean-economy-needs-protection-against-wave-of-threats-oecd?traffic_source=rss