Analysis

Alaska’s seafood industry suffers $1.8bn losses

2024-10-16T10:18:00

Offloading frozen Pacific cod, Alaska

Beyond the economic impacts, the decline of fisheries in the region threatens a way of life, sense of place, community and identity, says new NOAA Fisheries report

A new economic snapshot focused on the Alaska seafood industry has been released by NOAA Fisheries, with the estimate from economists that it suffered a US$ 1.8 billion loss in 2022-2023, and also that Alaska’s fishing industry experienced a 50% decline in profitability in 2021-2023.

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