Dashboards and Indicators for the Blue Economy

The oceans are integral sources of economic growth and prosperity for many regions. Quantifying their importance and assessing their sustainable use require more than a single headline indicator such as “ocean GDP.” While headline indicators can be useful tools for summarizing complex data, production-focused indicators that reflect the share of the economy tied to ecosystems fall short of being able to assess sustainability and the health of ocean assets. Much of the ocean economy rests on the use of natural capital; however, such asset depletion is not captured in GDP-like measures. Multiple indicators capturing degradation of natural capital and productive flows must be used. The availability of digital dashboarding tools makes generating these indicators relatively easy and allows them to be nimble in responding to bespoke policy questions. Here, we demonstrate the dashboarding technique using the ocean economy in Norway as an example through publicly available data from Statistics Norway.