Gulf of Mexico Region Combined Annual Commercial Shrimp Landings Are Below Baseline Landings
Source of raw data: NOAA Fisheries.
In order to understand the magnitude of the potential economic impacts of the GOMOS to the commercial shrimping sector in the GOM region, multi-year baseline economic information about the sector were compiled from various secondary sources. The baseline period covered the immediate past decade starting from year 2000 to 2009. The pre-Katrina period refers to the years from 2000 to 2004. The post-Katrina period covers the years starting from 2005 to 2009, while the GOMOS period starts in 2010.
After the baseline period was selected, the ratio of the current year’s output was compared to the expected output during the baseline period. If the ratio was less than 100%, then the economic sector suffered a loss in the current year’s output as compared to the expected output. If the ratio was greater than 100%, then the sector generated a gain in current year’s output. A neutral economic impact on the sector occurred when the ratio was equal to 100%.