FROM OCEAN TO ECONOMY: A REVIEW ON GROSS MARINE PRODUCTION IN RELATION TO THE GROSS DOMESTIC PRODUCT

Abstract

The study aims to analyses the impact of gross marine production in relation to the gross domestic product, focusing on the economic contributions of marine industries, sustainability challenges, and integration of environmental metrics into economic analysis. Based on previous literature and reports of 2023-2024, the study has calculated the GMP, and formulization has been done. The evaluation method used at the initial stage consisted of screening titles and abstracts. The research unveiled that gross marine production contributes to the national GDPs appreciably, especially for countries located in coastal or sea line areas. However, sustainable management is also important so that economic development can occur and the physical environment is not destroyed. Marine industries can only be fitted into these broader economic development frameworks for long-term gains while tackling ecological questions. The study has recommended that the government encourage and support environmentally responsible marine activities, support the development of new marine technologies and industries, and enhance the coherence of regulatory systems.