Sector Definition
- The Ship and Boat Building sector is defined by the NAICS codes 336611 and 336612.
- It comprises establishments engaged in operating a shipyard.
- Activities include constructions of ships, their repair, conversion, and alteration, the production of prefabricated ship and barge sections, and specialized services, such as ship scaling.
Gross Regional Product in the Five Coastal Counties of Mississippi and Alabama
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The gross regional product (GRP), also called regional gross domestic product (GDP), is the market value of all goods and services produced within a given area over a specific period of time and is a good measure of the size, income, and productivity of a regional economy (EMSI, 2021).
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The GRP of the five coastal counties is shown in the chart below.
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During recent years, The GRP of the sector exceeded $1.6 billion annually.
Source of raw data: EMSI (2021).
Direct Employment Impacts in the Five Coastal Counties of Mississippi and Alabama
- The number of workers and owners of these establishments is shown in the chart below.
- In recent years, the sector employed over 16,000 workers and owners.
- Wages, salaries, and earnings hovered around $70,000 per worker and owner.
Source of raw data: EMSI (2021).