• Ocean Accounts (OA) are one of the tools to measure a country’s assets in marine resources.
• OA is the basis for decision making in the management of marine resources.
• OA consists of 7 (seven) structures, namely Ecosystem Assets, Flows to The Economy, Flows to The Environment, Ocean Economy, Ocean Governance, Combined Presentation, and Ocean Wealth.

As a continuation to the 2021 Indonesian Ocean Account pilot project in TWP Gili Matra, North Lombok, NTB, the Ministry of Maritime Affairs and Fisheries (KKP) in collaboration with the Ministry of Finance (Kemenkeu), Geospatial Information Agency (BIG), and Rekam Nusantara Foundation (RNF) had carried out an Ocean Account survey in the Parks of Raja Ampat Archipelago Waters and West Waigeo Islands, Raja Ampat Regency, West Papua. This survey was conducted on October 10th to 21st 2022 to obtain the data on Ecosystem Assets, Flows to The Economy, and Flows to The Environment.

The assessment for Ecosystem Assets was done by surveying the condition of mangrove, seagrass and coral reef ecosystems using ground truth method, with the aim to determine the ecosystem extent and asset stocks within the accounting area. Furthermore, Flows to The Economy and Flows to The Environment were assessed using socio-economic surveys through interviews with the actors of the local tourism and fishing businesses. Both assessments are needed to determine the scope to which an ecosystem provides economic benefits to the community, both directly and indirectly, and to measure the impact of human activities—including utilization and management—on ecosystem conditions.