How much are coral reefs actually worth?
In the Florida Keys alone, it has been estimated that coral reefs contribute $440 million annually to the economy as a result of tourism; specifically, recreational diving, sport fishing, commercial fishing etc. In sum, coral reefs “are the foundation for a $1.3 billion tourism economy that provides over 13,600 jobs.” (EMS webpage) Globally it is estimated that coral reefs are worth somewhere in the neighborhood of $375 billion annually. (Byant et al., 1998) -Environmental Media Services. 2001. “Coral Reef Facts.” URL: http://www.ems.org/coral_reefs/facts.html -Bryant, D., Burke, L., McManus, J., and M. Spalding. 1998. “Reefs at Risk: A Map Based Indicator of Threats to the Worlds Coral Reefs.” World Resources Institure. Washington D.C.
