It is possible to manage the forest ecosystem and promote sustainable development by keeping track of spatio-temporal fluctuation in the forest area and its ecosystem service value (ESV). The forest ecology of Ganzi Tibetan Autonomous Prefecture (Ganzi Prefecture), which is located in the northern Hengduan Mountains region, i.e., China’s most important ecological functional area, has seen significant alteration during the past 20 years. However, little is known about how the forest and its ESV evolve. We obtained data regarding Ganzi Prefecture’s forests using visual interpretation of remote sensing images derived from 1997, 2007, and 2017, and we evaluated the spatial–temporal changes in the forest ESV from 1997 to 2017 using global value coefficients and adjusted local value coefficients. The results revealed that (1) from 1997 to 2017, the forest area of Ganzi Prefecture increased by 6729.95 km2, and the forest growth rate was 336.50 km2/a, while (2) from 1997 to 2017, the forest ESV in Ganzi Prefecture experienced an overall increase of 257.59 × 108 yuan. The primary driver of the forest ESV increase was the implementation of forestry ecological engineering and protection policies. (3) Finally, the spatial distribution of the forest ESV revealed that the forest ESV density increased during this period, with the most significant increase occurring in Yajiang. The forest ESV was scattered with the highest density in Yajiang and the lowest density in Shiqu. This study emphasizes how crucial forest ecosystems are to Ganzi Prefecture’s mechanisms for maintaining life. It provided a scientific basis for the sustainable management of the forest ecosystem in the Hengduan Mountains.
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