California's ocean economy
Judith T. Kildow, Ph.D.
California State University at Monterey Bay
Wednesday, July 27, 2005
Pacific Forum – 3:00 p.m.
The value of our coast and coastal ocean can be measured in part by economic indicators that reflect market activities related to the coast and to the ocean. It can additionally be measured through more indirect indicators and methods to measure non-market values. California’s coast and coastal ocean are significant contributors to local, state and national economies. The California Economy Report, prepared under the National Ocean Economics Program, just released by the state, highlights the values from this study as well as some of the implications for California. A decade of data was compiled to indicate trends and permit some forecasting. Findings reveal that in 2000, total Coastal County Gross State Product (GSP) was approximately 86% of California’s GSP, estimated at $1.15 trillion, and the total GSP of California’s Ocean Economy (six ocean sectors) was approximately $42.9 billion. How these numbers were derived and what they indicate will be the topic of discussion.