The economy of Eritrea has undergone extreme changes after the War of Independence. It experienced considerable growth in recent years, indicated by an improvement in gross domestic product in 2011 of 8.7 percent and in 2012 of 7.5% over 2011, and has a total of $8.090 billion as of 2020. However, worker remittances from abroad are estimated to account for 32 percent of gross domestic product.
Fishing is the activity of trying to catch fish. Fish are often caught as wildlife from the natural environment, but may also be caught from stocked bodies of water such as ponds, canals, park wetlands and reservoirs. Fishing techniques include hand-gathering, spearing, netting, angling, shooting and trapping, as well as more destructive and often illegal techniques such as electrocution, blasting and poisoning.
Fishery can mean either the enterprise of raising or harvesting fish and other aquatic life or, more commonly, the site where such enterprise takes place. Commercial fisheries include wild fisheries and fish farms, both in freshwater waterbodies and the oceans. About 500 million people worldwide are economically dependent on fisheries. 171 million tonnes of fish were produced in 2016, but overfishing is an increasing problem, causing declines in some populations.
The fishing industry includes any industry or activity that takes, cultures, processes, preserves, stores, transports, markets or sells fish or fish products. It is defined by the Food and Agriculture Organization as including recreational, subsistence and commercial fishing, as well as the related harvesting, processing, and marketing sectors. The commercial activity is aimed at the delivery of fish and other seafood products for human consumption or as input factors in other industrial processes. The livelihood of over 500 million people in developing countries depends directly or indirectly on fisheries and aquaculture.
Commercial fishing is the activity of catching fish and other seafood for commercial profit, mostly from wild fisheries. It provides a large quantity of food to many countries around the world, but those who practice it as an industry must often pursue fish far into the ocean under adverse conditions. Large-scale commercial fishing is called industrial fishing.
The Peruvian anchoveta is a species of fish of the anchovy family, Engraulidae, from the Southeast Pacific Ocean. It is one of the most commercially important fish species in the world, with annual harvests varying between 3.14 and 8.32 million tonnes from 2010 to 2021.
Agriculture and aquaculture in Hong Kong are considered sunset industries. Most agricultural produce is directly imported from the neighbouring mainland China. In 2006 the industry accounts for less than 0.3% of the labour sector. Geographically Hong Kong consists largely of steep, unproductive hillside. The local aquaculture industry is also facing challenges from competition with imported aquatic food products and concern of fish and seafood safety.
Agriculture is the largest employment sector in Bangladesh, making up 14.2 percent of Bangladesh's GDP in 2017 and employing about 42.7 percent of the workforce. The performance of this sector has an overwhelming impact on major macroeconomic objectives like employment generation, poverty alleviation, human resources development, food security, and other economic and social forces. A plurality of Bangladeshis earn their living from agriculture. Due to a number of factors, Bangladesh's labour-intensive agriculture has achieved steady increases in food grain production despite the often unfavorable weather conditions. These include better flood control and irrigation, a generally more efficient use of fertilisers, as well as the establishment of better distribution and rural credit networks.
Fishing in India is a major sector within the economy of India contributing 1.07% of its total GDP. The fishing sector in India supports the livelihood of over 28 million people in the country, especially within the marginalized and vulnerable communities. India is the third largest fish producing country in the world accounting for 7.96% of the global production and second largest producer of fish through aquaculture, after China. The total fish production during the FY 2020-21 is estimated at 14.73 million metric tonnes. According to the National Fisheries Development Board the Fisheries Industry generates an export earnings of Rs 334.41 billion. Centrally sponsored schemes will increase exports by Rs 1 lakh crore in FY25. 65,000 fishermen have been trained under these schemes from 2017 to 2020. Freshwater fishing consists of 55% of total fish production.
The fishing industry in the land-locked country of Laos is a major source of sustenance and food security to its people dwelling near rivers, reservoirs and ponds. Apart from wild capture fisheries, which is a major component of fish production, aquaculture and stocking are significant developments in the country. Historically, fishing activity was recorded in writings on the gate and walls of the Wat Xieng Thong in Luang Prabang dated 1560. For many Laotians, freshwater fish are the principal source of protein. The percentage of people involved in regular fishing activity is very small, only near major rivers or reservoirs, as for most of the fishers it is a part-time activity.
Until the 1960s, agriculture and fishing were the dominant industries of the economy of South Korea. The fishing industry of South Korea depends on the existing bodies of water that are shared between South Korea, China and Japan. Its coastline lies adjacent to the Yellow Sea, the East China Sea and the East Sea, and enables access to marine life such as fish and crustaceans.
As with other countries, New Zealand's 200 nautical miles exclusive economic zone gives its fishing industry special fishing rights. It covers 4.1 million square kilometres. This is the sixth largest zone in the world, and is fourteen times the land area of New Zealand.
China has one-fifth of the world's population and accounts for one-third of the world's reported fish production as well as two-thirds of the world's reported aquaculture production. It is also a major importer of seafood and the country's seafood market is estimated to grow to a market size worth US$53.5 Billion by 2027.
As with other countries, the 200 nautical miles (370 km) exclusive economic zone (EEZ) off the coast of the United States gives its fishing industry special fishing rights. It covers 11.4 million square kilometres, which is the second largest zone in the world, exceeding the land area of the United States.
The coastline of the Russian Federation is the fourth longest in the world after the coastlines of Canada, Greenland, and Indonesia. The Russian fishing industry has an exclusive economic zone (EEZ) of 7.6 million km2 including access to twelve seas in three oceans, together with the landlocked Caspian Sea and more than two million rivers.
Seafood in Australia comes from local and international commercial fisheries, aquaculture and recreational anglers. It is an economically important sector, and along with agriculture and forestry contributed $24,744 million to Australia's GDP in year 2007–2008, out of a total GDP of $1,084,146 million. Commercial fisheries in Commonwealth waters are managed by the Australian Fisheries Management Authority, while commercial and recreational fishing in state waters is managed by various state-level agencies.
The fishing industry plays a significant part in the national economy of Pakistan. With a coastline of about 1,120 km, Pakistan has enough fishery resources that remain to be developed. Most of the population of the coastal areas of Sindh and Balochistan depends on fisheries for livelihood. It is also a major source of export earning.
Fishing in Sudan is largely carried out by the traditional sector for subsistence, although a number of small operators also use the country's major reservoirs and the rivers to catch fish for sale locally and in nearby urban centers. There are also some modern fishing ventures, mainly on Lake Nubia and in the Red Sea.
The fishing industry in Thailand, in accordance with usage by The World Bank, the UN's Food and Agriculture Organization (FAO) and other multinational bodies, refers to and encompasses recreational fishing, aquaculture, and wild fisheries both onshore and offshore.
Landlocked Switzerland supports a small commercial fishing industry in its many large lakes. About 200 fishermen nationally ply them in small boats, supplemented by fish farmers who largely raise trout and some carp. The former catch primarily perch and whitefish, with pike, lake trout and Arctic char making up significant portions of the country's 12,000-tonne annual catch. Angling is also popular, while fish processing is marginal, largely limited to making fish oil for the country's drug industry.
