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Economic Contributions of the Virginia Seafood Industry and the Effects of Virginia Seafood Products in Retail Stores and Restaurants in 2023
In 2023, the seafood industry in Virginia significantly contributed to the state's economy, as quantified through an economic analysis utilizing input-output models. Total economic output for the industry, which includes watermen, aquaculture farms, processors, and distributors, was $1.27 billion and supported over 6,500 jobs. The industry also contributed $976.7 million to the state's GDP and generated over $390.4 million in tax revenues. An additional analysis focused on the economic role of Virginia seafood sold in retail stores and restaurants. These sectors generated $458 million in economic output, supported over 3,600 jobs, and produced $136.7 million in labor income. The combined tax contributions from these sectors exceeded $74 million. These findings highlight the seafood industry's significant impact on the state's economy and provide valuable data for policymakers and stakeholders. Due to the nature of the seafood supply chain, the economic contributions of the retail and restaurant sectors are presented separately and should not be added to the industry totals to avoid double-counting.
Oct 10, 2025 AAEC-336NP
Economic Contributions of the Virginia Seafood Industry Nov 4, 2022 AAEC-301NP
Economic Contributions of the Virginia Seafood Industry - Infographic Nov 23, 2022 AAEC-302NP
Economic contributions of the Virginia seafood industry - Fact Sheet Nov 7, 2022 AAEC-303NP
Economic contributions of the Virginia seafood industry Jan 9, 2023 AAEC-306NP