Recreation value of coral reef ecosystems (Thailand)can help you understand the value of

Value

$6243 per hectare per year

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Year2003
Status:
Country:
TechniqueStated preference - contingent valuation - willingness to pay
Description
This is the estimated value of the ecosystem service: Recreation, subservice: Tourism. This valuation is specific to Thailand.
This valuation was extracted from The TEEB Valuation Database – a searchable database of 1310 estimates of monetary values of ecosystem services. Foundation for Sustainable Development, Wageningen, the Netherlands. Available at: http://www.fsd.nl/downloadattachment/80763/87522/TEEB%20database%20and%20Final%20report.zip
This valuation was calculated for Phi Phi Islands, Thailand. This valuation was calculated using the Contingent Valuation method.
References
Seenprachawong, U. (2003) Economic valuation of coral reefs at the Phi Phi Islands, Thailand. International journal for Global Environmental Issues 3(1): 104-114.

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