Updated government report highlights outdoor recreation's positive national economic impact
by National Marine Manufacturers Association 12 Nov 2020 07:36 PST
Recreational boating © Boating Industry Association
The Bureau of Economic Analysis (BEA) released updated economic data on outdoor recreation's powerful and positive economic impact on the U.S. economy showing $788 billion in economic output, comprising 2.1% of U.S. GDP and supporting 5.2 million jobs. The report includes national and state level data for both 2018 and 2019.
This is the third consecutive year that BEA, an agency of the U.S. Department of Commerce, has released data on the outdoor recreation economy and the third year the industry has shown growth across the board. Today's release shows how this growing sector was growing rapidly prior to the pandemic and where it can lead again as an economic growth engine and job creator.
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