This report reviews the state of world fisheries and aquaculture in 1994, with particular attention to developments since 1989. Following consideration of world fish production and growth in demand for fish, marine fisheries production and issues are addressed in detail. Problems of fleet overcapacity and over investment in marine capture fisheries, leading to an unsustainable impact on resources, are highlighted. An analysis of inland capture fisheries and aquaculture is presented, noting that aquaculture will be expected to play a greater role in the food security equation in future. Fish utilization and the fish trade are reviewed. The report also provides a regional analysis of supply and demand prospects. It ends with an outlook on the prospects of satisfying global demand for food fish to the year 2010.