Wetlands are crucial for sustainable development, and the evaluation of their GEP is a key focus for governments and scientists. This study created a dynamic accounting model for wetland GEP and assessed the GEP of 39 wetlands in the middle reaches of the Yellow River in Ningxia province. The results indicate that Ningxia province’s wetlands have an average annual GEP of CNY 5.24 billion. Haba wetland contributes the most at 0.52, while Qingtongxia, Sha, and Tenggeli wetlands follow with 0.12, 0.04, and 0.03, respectively. Climate regulation is the most valuable function at 38.24%, with species conservation and scientific research/tourism at 24.93% and 15.11%, respectively. Ningxia’s northern wetlands are vast and shaped by the Yellow River, while the smaller, seasonal southern wetlands are more affected by rainfall and mountain groundwater. Southern wetlands show a strong correlation between GEP and precipitation (0.82), whereas northern wetlands have a moderate correlation between GEP and evapotranspiration (0.52). The effective conservation and management of these wetlands require consideration of their locations and weather patterns, along with customized strategies. To maintain the stability of wetland habitats and provide a suitable environment for various species, it is essential to preserve wetlands within a certain size range. Our study found a strong correlation of 0.85 between the wetland area and the GEP value, indicating that the size of wetlands is a key factor in conserving their GEP. The results provide accurate insights for creating a wetland ecological benefit compensation mechanism.
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