Measuring the Blue Economy: The System of National Accounts and Use of Blue Economy Satellite Accounts

Caribbean Development Bank (2019)

To conduct the estimate through application of national accounting measurements, a Leontief matrix is applied to measure the intermediate and final demand of productive industries and the interlinkages between them. It is, therefore, possible to quantify the contribution of Blue Economy industries to total domestic output and the supply of Blue Economy products into the activities of other industries. The interindustry analysis can inform policy-makers of potential demand increases in other industries arising out of a strategy to increase final demand within the Blue Economy.The analysis in Jamaica revealed that the direct impact of the Blue Economy represented 6.9% of GDP in 2017, with an average contribution of 6.7% for the period 2012 to 2017

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