Description of time series:
The growth in the value of coastal tourism along the Gulf of Mexico varies considerably across time, with an upward trend although the last 5 years of growth shows no difference from historical patterns.
Description of gauge:
The value of coastal tourism along the Gulf of Mexico grew at a rate of 2.2% between 2015-2016, faster than the rest of the regional economy, which grew 0.2%, and other ocean sectors, which decreased 13.5% over that same time period.
Description of Coastal Tourism:
Coastal tourism Gross Domestic Product is the total measure (in billions of dollars) of goods and services provided from tourism along the coast. U.S. coasts are host to a multitude of travel, tourism, and recreation activities. These provide social and economic benefits as well as impact the environment. As more and more communities turn to tourism for economic development, it becomes crucial to develop a sustainable tourism industry that is good for communities, the environment, and society more broadly. To accomplish this, we need data on the social and economic impacts of recreation and tourism, and its impacts on natural resources. We present the annual total change (in billions of dollars) of goods and services provided from tourism in the Gulf of Mexico, Mid-Atlantic, Northeast, Pacific Islands, Southeast, and California Current regions.
Extreme Gauge values:
A value of zero on the gauge means that the average coastal tourism over the last 5 years of data was below any annual coastal tourism level up until that point, while a value of 100 would indicate the average over that same period was above any annual coastal tourism level up until that point.
Coastal Tourism GDP data was taken from NOAA’s Office of Coastal Management Economics National Ocean Watch custom report building tool, with contextual data taken from the 2019 NOAA Report on the U.S. Ocean and Great Lakes Economy: Regional and State Profiles. Growth was estimated by subtracting the previous year’s Coastal Tourism GDP from the current year’s Coastal Tourism GDP, then dividing by the previous year’s Coastal Tourism GDP to present a percentage. All data was deflated to 2012 constant dollars using the Bureau of Economic Analysis’ chained dollar methodology.