Economic Contribution of White Shrimp Commercial Fishing in the Gulf of Mexico States

The annual commercial landing values of wild American white shrimp in the Gulf of Mexico Region in 2015 reached $153.7 million, which is about 75.3% of the average annual landing values during the last five years. The total economic contribution of commercial shrimping in 2015 amounted to $291.7 million (Figure 1). Commercial shrimping created 4,114 jobs and generated labor income amounting to $104.1 million in the Gulf regional economy.  The white shrimp commercial fishing industry generates annual tax revenues for the Gulf States and the U.S. federal government. A total of $17.8 million were estimated to have been paid by households and businesses in 2015 to the federal government as social insurance tax, tax on production and imports, corporate profit tax, and personal income tax.  The Gulf States were expected to have collected taxes from households and businesses in 2015 amounting to $8.7 million as social insurance tax, tax on production and imports, corporate profits tax, and personal tax. Click here to read the story 12:16