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The Economic Value of Ecosystem Services in Four Counties in Northeastern Florida

Timm Kroeger

This paper reports that applying the unit value estimates to the service values provided by the ecosystems found in the four northeast Florida counties reveals an estimated total economic value of ecosystem services of approximately $3.2 billion per year. This estimated value is equivalent to four and a half times the total economic value of all outdoor recreation in the four counties, and is equivalent to eleven percent of the value of total market-traded output of the area (the gross county product), or to 26 percent of the combined output of the agriculture, mining, construction, and manufacturing sectors of the four counties. Interestingly, the estimated economic value of the ecosystem services in the four-county area is larger than the sum of the direct use and non-use values of the ecosystems, which has been estimated at $2.6 billion per year.

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