Like other sectors of the global industry, ports are keen to point out their national economic impact, writes Peter de Langen at his column “The Analyst” in Port Strategy.
However, there is no internationally established approach to calculating this impact. A recent report for the US ports industry is striking: it claims that the economic impact of its ports is $4.6tr. As this physical amount is hard to put in perspective this impact is expressed as a percentage of US GDP, which the report claims is a staggering 26%. In comparison, an economic impact study in the Netherlands reports that the GDP share of its ports industry is about 3%.
Read the Analyst’s full article @ his PortStrategy column.
