Description of time series:
Between 2013 and 2017, average annual commercial revenue from the Northeast was substantially higher than historical patterns, although there is no trend in values. Given the historically low level of landings over that same period, the difference is derived from a substantially higher price per pound of fish received by fishermen.
Description of gauge:
The gauge value of 88 indicates that the mean annual commercial revenue between 2013 and 2017 for the Northeast US was higher than 88% of all years between 1950 and 2017.
Description of Commercial Fishing (Landings and Revenue):
Commercial landings are the weight of, or revenue from, fish that are caught, brought to shore, processed, and sold for profit. It does not include sport or subsistence (to feed themselves) fishermen or for-hire sector, which earns its revenue from selling recreational fishing trips to saltwater anglers.
Commercial landings make up a major part of coastal economies. U.S. commercial fisheries are among the world’s largest and most sustainable; producing seafood, fish meal, vitamin supplements, and a host of other products for both domestic and international consumers.
The weight (tonnage), and revenue from the sale of commercial landings provides data on the ability of marine ecosystems to continue to supply these important products.
Extreme Gauge values:
A value of zero on the gauge means that the average revenue or landings over the last 5 years of data was below any annual value up until that point, while a value of 100 would indicate the average value over that same period was above any annual value up until that point.
Commercial landings and gross revenue were downloaded from the National Marine Fisheries Service’s annual commercial fisheries landings query tool which can be found at https://foss.nmfs.noaa.gov/apexfoss/f?p=215:200::::::. State pounds landed and revenue generated were aggregated to the appropriate region, and all revenue data was deflated to 2017 constant dollars using the Bureau of Labor Statistic’s Consumer Price Index (series CUUR0000SA0).