Coastal Capital: Jamaica - The Economic Contribution of Jamaica's Coral Reefs

Coastal Capital: Jamaica - The Economic Contribution of Jamaica's Coral Reefs

Primary Country: Jamaica
Ecosystem: coral reef
Sample Value Estimates:
  1. $19 million - $33 million per year: annual loss in value due to current erosion rates at the beaches in Negril, Montego Bay, and Ocho Rios,
  2. $9 million-$19 million: loss to tourism industry due to erosion,
  3. $11-23 million / year: Potential yearly loss to Jamaican economy with increased reef degradation and increased beach erosion, contingent valuation study
  4. $1.2 million/yr: value of the subsistence catch, consumed domestically and not sold on the market
  5. $33.1 million/yr: gross revenue from the sale of reef-related fish
  6. $1.6 billion: failure to effectively manage fisheries may have cost the country some US$1.6 billion in lost revenues over the period from 1975 to 2000, not counting the Pedro Bank fishery
  7. $34.3 million / year: Mean annual economic impact of reef-related fisheries between 2001-2005
Methodology: market price, choice modeling, replacement cost
Region: Americas

Publication information

Burke, L. Waite, R., Kushner, B., Cooper, E., Edwards, P., Zenny, N., Maxam, A., Lyew-Ayee, P., McIntyre, K., “Coastal Capital: Jamaica - The Economic Contribution of Jamaica's Coral Reefs” World Resources Institute (WRI), 2011

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