Australia's commercial fishing and aquaculture industry is worth around $2.2 billion annually and employs around 11 600 people (7300 directly and 4300 indirectly) (ABARES 2011).
Australia's fishing zone is the world's third largest (total of 8 148 250 square kilometres), but our waters lack nutrients and, consequently, have relatively low productivity. Australia’s Exclusive Economic Zone contains some 3700 known species of fish, over 2800 species of mollusc and over 2300 species of crustaceans, but only a small proportion of these are commercially fished.
Commonwealth fisheries generate over $300 million in value alone and annually produce about 52 000 tonnes of catch.
Up to date information on the biological and economic status of fish stocks managed by the Australian Government can be found from the Australian Bureau of Agricultural and Resource Economics and Sciences.