Economic valuation of a traditional fishing ground on the coral coast in Fiji

In Fiji, economic valuation has not yet been adopted as an aid to coastal resource management. Given increasing pressures on its coastal resources, particularly near urban centres, valuation of these resources may be crucial to assist decision-making at all levels. This paper presents estimates of the economic value of the main goods and services provided by the coastal ecosystems in a traditional Fijian fishing ground near the capital, Suva. Using catch surveys, a CV survey and secondary data sources, the value of fisheries, bequest value and coastal protection function provided by the coral reefs and mangroves within this area are estimated to provide net benefits of just over FJ$3m (US$1,795,000) per year. The coastal protection provided by the coral reefs and mangroves makes up the largest component of the total economic value (55%) followed by fisheries (44%). Bequest values only make up 1% of the TEV. However, if compared to household income, bequest values are significant, representing 6.8% of stated income. This is comparable to average expenditures on durable household goods and heating and lighting.