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The degradation of wetland resources including waterbodies, marshy coastal cropland, mangroves and salt marshes due to a variety of human activities within and outside the wetlands is a major environmental concern in India. Despite their importance, these ecosystems are under severe threat of degradation due to both natural and anthropogenic factors primarily due to the lack of awareness of the link between human support systems and natural ecosystems. Unless our natural capital is systematically accounted for, coupled with the knowledge of its total economic value, the probability of unsustainable exploitation leading to loss of human well-being would be significantly high. This necessitates a thorough understanding on the tools and techniques used in economic valuation and the ecosystem goods and services of a wetland ecosystem. The present chapter provides comprehensive information on the typology of various tools used in economic valuation of wetland resources. A synthesis of available information from published literature is also included, which provides a snapshot of monetary values of this natural resource.