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Government report highlights national economic benefits of outdoor rec

November 19th, 2020 / By: / Industry News, Marine

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, as reported by the National Marine Manufacturer’s Association. 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. The most recent report shows how this sector was growing rapidly prior to the pandemic and where it can lead again as an economic growth engine and job creator.

Key highlights from BEA’s new report on the outdoor recreation economy:

  • Outdoor recreation makes up 2.1 percent of U.S. GDP, generating $788 billion in gross output and supporting 5.2 million jobs.
  • In terms of economic output, boating/fishing, RVing, hunting/shooting/trapping, motorcycling/ATVing, and equestrian sports are the five largest conventional outdoor recreation activities.
  • The top states where outdoor recreation accounts for the largest percentage of each states’ total GDP are Florida, Hawaii, Maine, Montana, Vermont and Wyoming.
  • The top five states where outdoor recreation accounts for the largest percentage of total U.S. GDP are California, Florida, Illinois, New York and Texas.

For additional report details, click here.