Georgia Ports Authority: 2024 Impact – Job Creation & Economic Output

Introduction

The Georgia Ports Authority (GPA) supported 650,965 jobs across the state in fiscal year 2024, according to a study by the University of Georgia’s Terry College of Business. This represents a 7% increase in job growth compared to fiscal year 2023.

Job Creation and Employment

The GPA’s activities supported 650,965 full and part-time jobs across Georgia in fiscal year 2024. This figure accounts for 12% of total state employment, according to port officials. The job growth represents a 7% increase compared to fiscal year 2023.

Economic Output and Sales

The statewide economic impact of the GPA included $174 billion in output or sales, accounting for 11% of the state’s total output. This represents a 2% increase compared to port output in fiscal year 2023.

Gross Domestic Product Contribution

The ports contributed $77 billion to the state’s gross domestic product, which represents a 7% increase from fiscal year 2023, and 9% of the state’s total GDP.

Tax Revenue Generation

Trade through the ports in fiscal year 2024 yielded $10 billion in federal taxes, $3 billion in state taxes, and $3 billion in local taxes.

Conclusion

In fiscal year 2024, the GPA’s activities generated 650,965 jobs, $174 billion in output or sales, $77 billion in state gross domestic product, and contributed significantly to state and local tax revenues.

Company Summary

Georgia Ports Authority (GPA): The GPA is responsible for the operation of ports in Georgia.

University of Georgia’s Terry College of Business: The Terry College of Business at the University of Georgia conducted a study on the economic impact of the GPA.