Ocean Action Hub

15 Feb 2019 - The paper aims to develop an improved methodology to understand the contribution of aquaculture and fisheries to GDP.

  • The paper reflects on the percentage of GDP as a policy target within the 2030 Agenda.
  • The paper calls for continued efforts to advance methodologies to measure SDG indicator 14.7.1, including studies on how to adapt measures to different data environments.

The Food and Agriculture Organization of the UN (FAO) has released a technical paper that aims to support improved understanding and measurement of aquaculture and fisheries’ contribution to gross domestic product (GDP). SDG 14 (life below water) includes an indicator that intends to measure the value of sustainable fisheries.

SDG indicator 14.7.1 focuses on sustainable fisheries as a percentage of GDP in small island developing States (SIDS), Least Developed Countries (LDCs) and all countries. The UN Inter-Agency and Expert Group on the SDG Indicators (IAEG-SDGs) has classified indicator 14.7.1 as a Tier III indicator, meaning that it requires methodological development. The FAO publication therefore aims to contribute to improving the methodology for understanding and measuring indicator 14.7.1.

The publication titled, ‘Understanding and Measuring the Contribution of Aquaculture and Fisheries to GDP,’ explains that there is a general lack of consensus on how to measure an industry’s or sector’s contribution to GDP, including on how to measure the contribution of aquaculture and fisheries to GDP. One of the challenges in measuring the sector’s contribution to GDP is measuring both the demand and supply-side factors.

CONTINUE READING ONLINE HERE: http://sdg.iisd.org/news/fao-report-analyzes-options-for-sdg-indicator-on-fisheries-contribution-to-gdp/ 

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Sustainable fisheries