What are ocean accounts?

Ocean accounts organise social, economic and environmental information to enable coherent measurement of progress towards the sustainable development of the ocean, in line with the Sustainable Development Goals and other relevant national, regional and global commitments.

Ocean accounts are integrated records of regularly compiled and comparable data concerning ocean environment assets (e.g., extent/condition of mangroves), economic activity (e.g., sale of fish) and social conditions (e.g., coastal employment).

They retain a similar structure to existing national accounts maintained by National Statistical Offices or Finance Ministries and are compatible with the System of National Accounts, the System of Environmental-Economic Accounting, the Framework for Development of Environment Statistics and the ten Fundamental Principles of Official Statistics.

Ocean accounts integrate four key components:

Macro-economic accounts from which economic measures such as GDP are derived, and from which legal, illegal, unreported, and unregulated activities can be accounted for.
Environmental-economic accounts that explain assets and flows, wastes, expenditures, taxes, and subsidies.
Ecosystem accounts which agree on a spatial framework or the extent, condition, biodiversity, services, and value of ecosystems.
Structured data on ocean beneficiaries, technology, governance, and management.