Oceans facts and futures: Valuing South Africa's ocean economy
In South Africa, coastal goods and services alone are estimated to contribute over a third – 35% – to our gross domestic product (GDP).
As a country with more ocean territory than land, our rich and productive coastal waters support thousands of jobs and contribute billions of rands to the national economy each year. In terms of fisheries alone, historically we have harvested around 600 000 tonnes of a fish a year which provides livelihoods to over 127 000 people and food security to millions. And as one of the most biodiverse marine nations on the planet, with almost 3 000 kilometres of coast and 13 000 species recorded in our waters, South Africa’s oceans and beaches are also a global tourist attraction contributing billions to our economy!
These and other important facts are included in WWF’s Oceans facts and futures: Valuing South Africa’s ocean economy which provides a snapshot of the current state of South Africa’s oceans. Collating the findings of relevant research across multiple sectors, it shines a light on the socioeconomic value of the goods and services provided by the ocean and some of the key ecological indicators, as well as highlighting areas of concern and showcasing best practice solutions.
This report also includes a useful one-page graphic ocean scorecard which depicts a summary of fish stock status, key challenges and a grading of their level of concern as well as a graph tracking ocean trends across five topical marine issues. It closes with a chapter which describes four potential future scenarios depending on the choices we make today.
The Oceans facts and futures report reminds us that the value we derive from our oceans is directly dependant on the health of the marine ecosystems which underpin almost all of our ocean activities.