A comprehensive and harmonized sustainable ocean-based economies classification

A review of the existing goods and services classifications has shown that ocean-based industries are included in all BPM6, CPC, HS, ISIC and W/120 classifications. The identification of codes that form a part of ocean-based economies is not straightforward and may thus vary from one country to another. In most cases, the identification of goods and services requires substantive levels of technical and practical knowledge within each sector. As it is, countries wishing to assess their ocean economy quantitatively will need to invest first in identifying relevant goods and services codes. At the global level, a comprehensive cross-country assessment of the ocean economy is not yet possible. Furthermore, research on ocean-based sectors has shown that their legal and institutional frameworks tend to be structured in isolation from each other. This is true particularly in the case of non-traditional sectors, as they are diverse, and little is known about them.

Sustainable Development Goals:

Sustainable Cities and Communities

Life Below Water