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The American Association of Port Authorities (AAPA) has released its 2024 Port and Maritime Industry Economic Contribution Report highlighting the essential role U.S. ports play in the national economy. The study underscores that the maritime sector supports nearly $2.9 trillion in GDP and 21.8 million American jobs, cementing ports as a vital pillar of the economy.
“One out of every eight jobs in the U.S. and almost $2.9 trillion in GDP means we cannot imagine our world without American ports,” said AAPA President and CEO Cary S. Davis. “Despite facing significant challenges—such as the pandemic, macroeconomic shifts, and protectionist trends—the port industry remains crucial to the U.S. supply chain and economic growth. It’s essential for policymakers to continue investing in our ports to ensure long-term prosperity.”
Key Findings from the Report
1. 21.8 million jobs are supported by the maritime industry, including consumer spending, suppliers, and port users—equivalent to one out of every eight jobs in the U.S. workforce.
2. Employment related to ports and maritime activities exceeds the workforce in 90% of U.S. metropolitan areas.
3. The average annual wage of a port-related worker is nearly $100,000—20% higher than the national average.
4. Ports contribute $2.9 trillion to U.S. GDP.
5. Wages and benefits tied to the maritime sector total $2.8 trillion
6. Over 40% of U.S. goods—valued at more than $2.1 trillion—move through American ports.
The report was developed using the IMPLAN economic model in collaboration with Congressional economists from Ernst & Young, offering a more detailed view of the industry by including additional sectors like cruise and liquid bulk cargo. This broader scope reveals a rise in direct jobs tied to port operations compared to prior reports.
Strategic Value of Ports in the U.S. Economy
The report underscores how U.S. ports have continued to power through disruptions, from global supply chain challenges to geopolitical pressures. According to Davis, investing in the port system will yield “exponential dividends,” helping the U.S. economy grow stronger in the face of future challenges.
With ports handling over 40% of the country’s goods and supporting millions of jobs, the maritime sector remains indispensable to both national and regional economic stability. As policymakers consider future infrastructure investments, the AAPA’s report serves as a timely reminder of the importance of ports in maintaining a robust U.S. economy.