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Developing Maritime Economies

  • Developing economies are characterized by limited per capita resources, economic imbalance, illiteracy, high infant mortality, poor infrastructure, and low personal incomes, resulting in limited choices and a reduced quality of life.
  • Developing maritime economies are described as increasing their role in exports of ocean-related goods and services, contributing to economic resilience, and creating job opportunities despite existing challenges.
  • Export patterns are concentrated in specific sectors, such as ships, ports, and equipment, creating risks that necessitate diversification to enhance resilience against future economic changes.
  • Small island developing states are highlighted for their high per capita participation in ocean trade, while they are exposed to significant risks, particularly related to climate change.
  • A global shift in maritime trade participation is indicated, with developing economies increasing their share while developed economies decrease, alongside regional variations across Asia, Europe, the Americas, Africa, and Oceania.
Updated on Mar 29, 2026