THE STATE OF WORLD FISHERIES AND AQUACULTURE
2020
Target 14.b, and to share related good practices
around the world.
Economic benefits from sustainable fisheries
Under the SDGs, SDG Target 14.7 is defined
(United Nations, 2019b) thus: “By 2030,
increase the economic benefits to small island
developing States and least developed countries
from the sustainable
use of marine resources,
including through sustainable management of
fisheries, aquaculture and tourism.” Its related
indicator, SDG Indicator 14.7.1, is defined thus:
“Sustainable fisheries as a percentage of GDP in
small island developing States, least developed
countries and all countries.”
In 2019, FAO developed a methodology for
SDG Indicator 14.7.1 that monitors the economic
contribution of fisheries to national economies by
calculating sustainable
fisheries as a percentage
of GDP.
During the development of the methodology,
many countries endorsed this role of
promoting the importance of the fisheries
sector in the economy. Given the global
nature of the SDGs, SDG Indicator 14.7.1
was developed to be applicable to as many
countries as possible with minimal additional
reporting requirements for countries while still
using internationally
accepted inputs for all
aspects of its calculation.
FAO’s methodology for SDG Indicator 14.7.1
focuses only on the sustainable use of marine
resources by fisheries. The methodology is
built on three main inputs, which are all
internationally recognized standards: GDP, value
added to fisheries, and biological sustainability of
fish stocks.
Gross domestic product is primarily a monetary
and central measure for
the value of final goods
and services produced by a country. It has
been recognized by international agencies,
policymakers and public bodies, among others.
When examining the value of goods and
services produced by a specific sector, such as
fisheries, the value added gives a representative
figure for the size of an industry within a
country’s economy.
Regarding the biological
sustainability of fish
stocks, FAO has been estimating the status
and trends of fish stocks since 1974, currently
covering 584 fish stocks around the world
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(representing 70 percent of global landings;
see the section The status of fishery resources,
p. 47). In addition, these assessments for
each FAO major marine fishing area have
laid solid foundations
for the estimation of
the sustainability multiplier – an important
parameter for SDG Indicator 14.7.1.
The indicator measures the value added of
sustainable marine capture fisheries as a
proportion of GDP. For each country, the
sustainability multiplier will be the average
sustainability weighted by the proportion of the
quantity of marine capture for each respective
fishing area in which the country performs
fishing activities. When
a country fishes in only
one FAO fishing area, its sustainability multiplier
will be equal to the average sustainability of
stocks in that area.
At the country level, the percentage contribution
of fisheries and aquaculture to GDP
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is
estimated by simply dividing the value added
of fisheries and aquaculture by national GDP.
In order to disaggregate for the value added of
marine capture fisheries
and the value added of
aquaculture, the quantity of fish produced from
marine capture fisheries will be divided by the
total quantity
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of national production of fish,
and then multiplied by the percentage of GDP
from fisheries and aquaculture.
Subsequently, the value added of marine capture
fisheries will be adjusted by the aforementioned
sustainability multiplier to obtain the value
for sustainable marine capture fisheries as a
percentage of GDP.
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The base data from which stock status
is modelled and a detailed
description of the approach used by FAO are available in
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