OK, since you don't have digital speed (the needle is just a dumb, redundant copy of the digital)... either the pitot system is clogged or the pitot sensor is bad or there is a crack in the pitot hose.
On the leading edge of your drive, look/feel just above the gearcase housing (the torpedo looking thingy). You'll find a small hole. Take a small drill bit and, by hand, twist/ream the hole out. You won't damage anything. Keep going till you can feel the bit easily bottom out. Now, go further up into the "cavity" by the anti-ventilation plate. You'll find a quick disconnect. You can remove that and verify the pathway from there to the pitot hole is clear. If the rest of the pathway is good, blowing into the boatside of that connection should cause the speedo to register. The next piece in the system is inside the boat - it's the pitot sensor which you can find by following the pitot hose from the inside of the transom.