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EU Blue Economy Observatory

Shipbuilding and repair

The sector generated a GVA of EUR 14.5 billion in 2020, in decline by 8% compared to the 2019 peak. Gross profit, at EUR 3.1 billion, decreased by 10% on the previous year. The profit margin was estimated at 6%, stable compared to 2019. The turnover reported for 2020 was EUR 55.7 billion, recording a 4% decrease on the previous year.

EU Blue Economy Annual Report 2023

Germany leads employment within shipbuilding and repair, contributing with 16% of the jobs, followed by France (15%) and Italy (14%). In terms of GVA, Germany records 22% of the Members States’ GVA, followed by France (20%) and Italy (17%).

EU Blue Economy Report 2023