Estimated economic value of the lost coastal resources due to tsunami in September 2018 in Palu City, Indonesia

Abstract

The coastal area of Palu City has natural resources that are utilized by the community for fishing activities, marine tourism, salt pond, and culinary business. However, the tsunami disaster in September 2018 caused the loss of some coastal resources and community businesses that affected the regional economy. This study aims to estimate the value of the presence and loss of Palu coastal resources through fisheries activities, marine tourism, and other utilization activities. The analytical method used is the analysis of Total Economic Value. The results showed that before the earthquake and tsunami disaster in Palu City, the total economic value of coastal resource services owned was IDR 237.92 billion per year. The economic value lost due to the disaster is estimated at IDR 127.53 billion or more than half the initial economic value.