Economic Contributions of Charter Boats for-Hire

Estimates by NOAA Fisheries showed that about 16,000 marine recreational fishing trips per year were made by charter boats for-hire in Mississippi during the past decade.

The charter boats-for-hire are included in the NAICS code 487210 or “Scenic and Sightseeing Transportation, Water” in the North American Industrial Classification System (NAICS, 2011).  This industry comprises establishments primarily engaged in providing scenic and sightseeing transportation on water. The services provided are usually local and involve same-day return to place of origin. 

The total economic contributions are the sum of direct, indirect and induced effects. Direct effects express the economic activities in the sector in which the expenditure was initially made. Indirect effects result from changes in the economic activity of other industrial sectors which supply goods or services to the sector being evaluated. Induced effects are the result of personal consumption expenditures by industry employees.

The NOAA Fisheries Economic Model generates estimates for four types of impacts – employment, income, total value added, and sales. The income, total value added, and sales impacts are expressed in dollars for the year specified by the user. Employment impacts are expressed in terms of a mix of both full-time and part-time jobs.

The sales and job contributions of Mississippi charter boats for-hire are shown below:

Source of raw data: NOAA Fisheries.

The total sales contributions of the charter boats-for-hire in the Gulf of Mexico states and the entire USA are posted in http://gomos.msstate.edu/msannualcharterboatssales.html.

The total job contributions in Mississippi, the Gulf of Mexico and United States are posted in http://gomos.msstate.edu/msannualcharterboatsjobs.html.

The income and value-added contributions of Mississippi charter boats for-hire are shown below:

Source of raw data: NOAA Fisheries.

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