Better targeted government support is needed to improve resilience and productivity in the fisheries sector, a new OECD report finds. Nearly two-thirds [65%] of fisheries support in 41 countries and territories risks encouraging overfishing and illegal fishing in the absence of effective fisheries management. Healthy management of fish stocks is essential to millions of livelihoods, food security and environmental preservation worldwide.
The OECD Review of Fisheries 2025 provides an updated assessment of the state of fisheries and aquaculture as well as the policies used to regulate and support fisheries in 2020-22. The fisheries and aquaculture sector grew nearly three-fold in value between 2005 and 2022, reaching USD 381 billion.
The Review shows that total support to fisheries amounted to USD 10.7 billion annually on average in 2020-22 across the 41 countries and territories covered in the report, accounting for 79% of global fish production in the same period. Six economies make up eighty five percent of this spending: China (36.1%), Japan (12.4%), the United States (11.0%), Canada (10.7%), EU member states (combined; 8.0%) and Brazil (6.4%).
“Sound fisheries and aquaculture management, including through policies tackling illegal, unreported and unregulated fishing, are fundamental for protecting local livelihoods, global food security and ocean ecosystems” said OECD Secretary-General Mathias Cormann. “Better targeted fisheries support and better management are essential to improving the profitability and resilience of the sector.”
The Review provides new evidence on the importance of fisheries management in keeping fish stocks healthy and productive for future generations, to inform the upcoming Third UN Oceans Conference (UNOC3) process.
To make the sector more resilient, the Review calls for redirecting funds currently allocated to subsidising fuel and the construction, acquisition and operation of vessels towards activities that are key to ensuring the sustainability of global fisheries. These activities include research on assessing the status of fish stocks, enforcing fishing laws and regulations and targeted time-bound income support for fishers affected by crises like such as marine heatwaves.
Redirecting government support to investment in effective management and monitoring can also be a powerful tool to eradicate illegal fishing, which undermines the resilience of the sector, fishers’ wellbeing, the marine environment, fair competition in markets and tax revenue.
For more information on OECD work on fisheries and aquaculture, visit https://www.oecd.org/en/topics/policy-issues/fisheries-and-aquaculture.html.
For further information, journalists are invited to contact Yumiko Sugaya in the OECD Media Office (+33 1 45 24 97 00).
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