Description: Fisheries as a % of GDP
Sub description20082009201020112012201320142015201620172018
Fisheries as a % of GDP3.9%4.6%4.3%4.1%3.9%4.8%4.9%3.1%1.1%1%1%
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DATA IDENTIFICATION


Name
Fisheries as a % of GDP
Indicator purpose

This indicator is intended to measure the value of sustainable fisheries.

Abstract

This indicator expresses the value added of sustainable marine capture fisheries as a proportion of Gross Domestic Product (GDP. The share of value added from an industry in GDP is commonly used as an indication of its economic importance. Accordingly, the value added of marine capture fisheries indicates the prominence of marine fish related activities in the country’s economy and its importance for livelihoods. Both GDP and the VA are measured in constant prices and domestic currency.

Data source

Fisheries Department

Statistical Institute of Belize

DATA CHARACTERISTICS



Contact organization person

Statistical Institute of Belize

 

Date last updated
08-NOV-2019
Periodicity

Biennially

Unit of measure

Percentage (%)

Other characteristics

Stocks that are fished at sustainable levels can support the communities and industries which rely on them, without compromising reproduction and long-term sustainability. By contrast, a stock that is exploited to a point where it cannot replenish itself will ultimately provide sub-optimal long-term economic returns for stakeholders. FAO has been periodically analysing and compiling the status of marine fish stocks combining the results of formal stock assessments available, including the assessments carried out at the regional level and a finer scale by national institutions and scientific working groups. For stocks that do not have a formal stock assessment, effort is made to collect relevant data and information from the literature, or from local experts, that could be used to infer stock status (for instance trends in catch rates, size frequency distribution of the catch, occasional fishing mortality estimates through surveys, etc.). The information from various sources is analysed and synthesized to classify the exploitation status of fish stocks. FAO monitoring of stocks will be enhanced with the implementation of SDG indicator 14.4.1, which tracks progress towards more fish stocks within biologically sustainable levels at national, regional (across FAO Major Fishing Areas) and global levels.

DATA CONCEPTS and CLASSIFICATIONS



Classification used
  • The Gross Domestic Product (GDP) is the value of all final goods and services produced in an economy in a given period, which is equivalent to the sum of the value added (VA) from all sectors in an economy.
  • The value added of marine capture fisheries measures the value of fish harvested from marine stocks, minus the value of goods and services that are used in the production process (such as raw materials and utilities). It includes activities that are normally integrated into the process of production and occur at sea, such as fishing vessels which process or preserve their catch on board. However, it does not include the processing or preserving of fish when it occurs in land-based facilities.
  • A fish stock is a subset of a species (fish, crustacean, mollusc, etc.) or a population inhabiting a geographical area and participating in the same reproductive process.
  • Maximum sustainable yield (MSY) is the highest theoretical equilibrium yield that can be continuously taken (on average) from a stock under existing (average) environmental conditions without significantly affecting the reproduction process.
  • A stock fished at (MSY) is referred to as biologically sustainable, as it may remain stable or grow while sustaining losses from fishing and natural sources of mortality.
  •  FAO Fishing Areas for Statistical Purposes are arbitrary areas to facilitate comparison of data, improving the possibilities of cooperation in statistical matters.
Disaggregation

Currently there are no disaggregation dimensions for this indicator.

Key statistical concepts

The percentage contribution of fisheries and aquaculture to GDP is estimated by simply dividing the value added of fisheries and aquaculture by national GDP.

Formula
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OTHER ASPECTS



Recommended uses

The indicator is used to measure the value added of sustainable marine capture fisheries as a proportion of GDP.

Limitations

National fish stock assessments are only available for a few countries, and therefore are not globally or regionally representative.

Other comments

Currently, FAO aims to begin compiling country-level estimates for SDG indicator 14.4.1 (proportion of fish stocks within biologically sustainable levels) in 2020. Once these estimates become available, the computation method for the current indicator will use country-level estimates rather than estimates based on FAO Major Fishing Areas to determine the sustainability multiplier and hence estimate the value added of sustainable marine capture fisheries as a proportion of GDP.

All the metadata shown in this document was gathered from United Nation Statistics Division. The metadata was extracted from https://unstats.un.org/sdgs/metadata/.