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Understanding the Contribution of Aquaculture and Fisheries to GDP

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  • The contribution of aquaculture and/or fisheries to Gross Domestic Product (GDP) directly or indirectly are essential indicators for policymakers to assess the sector's economic performance and make informed policies or decisions that can affect the level of political and financial support to the sector, and hence, its development pace. Despite strong interests and great efforts in assessing the contribution of aquaculture and/or fisheries to GDP, information as such is often limited, outdated, inconsistent, misunderstood, and/or misused. This paper uses an input-output framework to clarify basic concepts of GDP and its various measurements and review methods commonly used to estimate the contribution of aquaculture and/or fisheries to GDP and discuss their rationales, merits, and shortcomings. The paper uses quantitative examples to illustrate indicators of aquaculture and/or fisheries' contribution to GDP and demonstrate how they could be used to inform policymaking and/or sector management. Empirically, the paper provides an overview of the contribution of aquaculture and/or fisheries to GDP based on a synthesis of information and knowledge provided by the literature. In addition, the paper produces new evidence based on the authors' own estimation and analysis.
  • Proceedings of the Eighteenth Biennial Conference of the International Institute of Fisheries Economics and Trade, held July 11-15, 2016 at Aberdeen Exhibition and Conference Center (AECC), Aberdeen, Scotland, UK.
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  • Challenging New Frontiers in the Global Seafood Sector: Proceedings of the Eighteenth Biennial Conference of the International Institute of Fisheries Economics and Trade, July 11-15, 2016. Compiled by Stefani J. Evers and Ann L. Shriver. International Institute of Fisheries Economics and Trade (IIFET), Corvallis, 2016.
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  • 0976343290

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