OECD Ocean

Ocean economy and developing countries

More than three billion people relying on the ocean for their livelihoods, and the vast majority live in developing countries. Ocean-based industries, such as fisheries and tourism, are critical providers of employment and income. Too often, however, climate change, pollution and insufficient consideration for environmental and social sustainability are putting the ocean’s resources at risk, hampering the socio-economic benefits they could deliver for future generations.

Expanding ocean-based sectors in a sustainable manner and investing in new ones, such as offshore renewable energies and marine biotechnologies, can boost job creation, energy supply, food security and infrastructure. This investment is especially critical now as developing countries’ ocean-based sectors, such as tourism and sea transport, face hard economic impacts from the COVID-19 pandemic. How can the international community help bridge the gaps in knowledge, innovation, capacity and finance that prevent developing countries from growing such sustainable ocean economies? We work with them and their development partners to find the answers.

Working with developing countries

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Data on Development Finance for the Sustainable Ocean Economy

As part of the Sustainable Ocean for All initiative, the OECD has begun to quantify and track global development finance for the ocean economy, providing estimates of the share that is sustainable. This platform is based on the OECD DAC Creditor Reporting System (CRS) and makes this data accessible for the period 2013-18.

This platform includes estimates on:

• Official Development Assistance (ODA) for the ocean economy;
• ODA for the sustainable ocean economy;
• ODA for land-based activities that reduce negative impacts on the ocean;
• Private finance mobilised via ODA for the ocean economy.

Further resources