Economic and Social Impacts

Biological invasions are a major threat to ecosystems, biodiversity, and human well-being, resulting in ecosystem degradation and causing economic costs in the multi-trillions of euros globally. A study led by McGill University sheds light on the stark economic cost resulting from biological invasions in the European Union (EU). Most invasive alien species are not adequately assessed for their actual and potential economic impacts therefore most cost estimates are grossly underestimated, say the researchers. To fill this gap, the team quantified the economic costs of biological invasions to the European Union, while estimating future invasion costs using predictive models.

A new scientific report, Summary for Policymakers of the Thematic Assessment Report on Invasive Alien Species and their Control of the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services, offers the most exhaustive look yet at how nonnative plants and animals can drive extinctions, disrupt food systems and harm human health. The report was compiled by 86 experts from 49 countries, who drew on thousands of scientific studies and contributions from Indigenous people and local communities. Key points:

• Invasive Alien Species Pose Major Global Threats to Nature, Economies, Food Security and Human Health
• Key Role in 60% of Global Plant & Animal Extinctions
• Annual Costs Now >$423 Billion – Have Quadrupled Every Decade Since 1970
• Report Provides Evidence, Tools & Options to Help Governments Achieve Ambitious New Global Goal on Invasive Alien Species

The global increase in biological invasions is placing growing pressure on the management of ecological and economic systems. However, the effectiveness of current management expenditure is difficult to assess due to a lack of standardised measurement across spatial, taxonomic and temporal scales.

Research Highlights:

• Since 1960, management for biological invasions totalled at least $95.3 billion.
• Damage costs from invasions were substantially higher ($1130.6 billion).
• Pre-invasion management spending is 25-times lower than post-invasion.
• Management and damage costs are increasing rapidly over time.
• Proactive management substantially reduces future costs at the trillion-$ scale.

Invasive species are well known for their huge ecological costs, but they also bring a massive economic burden with sociological, environmental and health impacts. New research led by the University of Aberdeen and the University of Auckland in collaboration with CNRS, France has established that invasive species have cost the New Zealand economy almost $100 billion in the last 50 years. While damage costs remain high, this total includes spending far more than most other countries on pre and post-invasion management techniques relative to its GDP.

Scientists tallying the economic damage wrought by invasive pests across the world found two species are responsible for more harm than any other.

The American bullfrog and brown tree snake have collectively caused $16.3bn in global damage since 1986. In addition to ecological harm, the invasive pair have ruined farm crops and triggered costly power outages.

Invasive species can have severe impacts on ecosystems, economies, and human health. Though the economic impacts of invasions provide important foundations for management and policy, up-to-date syntheses of these impacts are lacking. To produce the most comprehensive estimate of invasive species costs within North America (including the Greater Antilles) to date, we synthesized economic impact data from the recently published InvaCost database (see related research article: InvaCost, a public database of the economic costs of biological invasions worldwide (Sep 8, 2020).
See also: This article is part of NeoBiota 67: The economic costs of biological invasions around the world.

Chapter 14 (pages 305-320) in open access book: Invasive Species in Forests and Rangelands of the United States: A Comprehensive Science Synthesis for the United States Forest Sector

While the subset of introduced species that become invasive is small, the damages caused by that subset and the costs of controlling them can be substantial. This chapter takes an in-depth look at the economic damages non-native species cause, methods economists often use to measure those damages, and tools used to assess invasive species policies.

Open access book, Chapter 9  (pages 203-229): Invasive Species in Forests and Rangelands of the United States: A Comprehensive Science Synthesis for the United States Forest Sector

Invasive species have a major effect on many sectors of the U.S. economy and on the well-being of its citizens. Their presence impacts animal and human health, military readiness, urban vegetation and infrastructure, water, energy and transportations systems, and indigenous peoples in the United States. They alter bio-physical systems and cultural practices and require significant public and private expenditure for control. This chapter provides examples of the impacts to human systems and explains mechanisms of invasive species' establishment and spread within sectors of the U.S. economy.

InvaCost is the most up-to-date, comprehensive, standardized and robust data compilation and description of economic cost estimates associated with invasive species worldwide. InvaCost has been constructed to provide a contemporary and freely available repository of monetary impacts that can be relevant for both research and evidence-based policy making.