An Economic Analysis of Coral Reefs in the Andaman Sea of Thailand

An Economic Analysis of Coral Reefs in the Andaman Sea of Thailand

Primary Country: Thailand
Ecosystem: coral reef
Sample Value Estimates:
  1. $497.4 million / year: TEV of coral reefs at Phi Phi per year
  2. $15,118 / hectare / year: TEV of coral reefs at Phi Phi per hectare per year
  3. $7.17 / person: WTP to visit coral reefs at Phi Phi for domestic visitors
  4. $7.15 / person: WTP to visit coral reefs at Phi Phi for international visitors
  5. $1870 / visit: CS per visit for international visitors
  6. $106 / visit: CS per visit for domestic visitors to the coral reefs of Ko Phi Phi
  7. $205.41 million: CS per visit for aggregate annual benefit from the recreational services
  8. $6 243: CS per visit for recreational value per hectare
Region: Asia
Data source: Consvalmap.org

Publication information

Seenprachawong, U. “An Economic Analysis of Coral Reefs in the Andaman Sea of Thailand” WorldFish Center, 2004

Addtional Notes

Domestic visitors would be willing to pay US$7.17 while international visitors would pay US$7.15 for visiting the coral reef biodiversity at Phi Phi. This puts the estimated total value (use and non-use) of the reefs at US$497.38 million a year, or US$15,118 per hectare per year. http://www.worldfishcenter.org/Pubs/coral_reef/coral-reef.htm

Information provided when available, for more information please visit the original database or PDF.