22 / 60
22
services.
98
The “Total Economic Impact” (TEI) is calculated
by multiplying the DOI and an “input-output multiplier” to
reflect the additional benefits that come from secondary
economic activities such as boat building, production of
tin for canning, international transport, and management
services for retail distribution.
99
Similarly, the “wage impact”
is the product of the DOI and a “wage impact multiplier”.
100
The estimated TEI of US$ 2.35 billion and wage impact of US$
472 million demonstrate a much larger economic impact
that extends beyond the initial DOI of US$ 602 million and
the 75,000 people employed in BCLME fisheries, mariculture
and recreational fisheries (Figure 11) (see also appendix A).
101
Angola
115.6
393.7
83.7
Direct Output Impact
Total Economic Impact
Wage Impact
Namibia
313.3
1485.6
274
South Africa
173.3
471
114.7
Total
602.2
2350.3
472.4
Millions US$
U
2,500
2,000
1,500
1
1,000
500
0
Recreational Fisheries
70.4
125.4
49.1
DOI of BCLME
DOI o
TEI of BCLME
TE
Wage Impact
of BCLME
Wage Impact
Mariculture
14.8
49.9
10.3
Fisheries
517
2175
414
US$ millions per year
2,500
2,000
1,500
1,000
500
0
602.2
6 .
2,350.3
472.4
Source: Sumaila (2015).
Figure 11:
The Primary and Secondary Economic Impact of the BCLME (US$ millions per year).
Source: Sumaila (2015).
Figure 12:
Economic Impact of the BCLME (US$ millions per year).
Source: Sumaila (2015).