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Recreational boating’s economic impact climbs to $230 billion

Industry News, News | June 1, 2023 | By:

New data released by the National Marine Manufacturers Association (NMMA) found that the annual national economic impact of recreational boating increased 36% from $170B in 2018 to $230B in 2023. The industry’s contributions to the U.S. workforce grew as well with a 14% increase in jobs supported, from 691,000 in 2018 to more than 812,000 in 2023. Conducted by John Dunham & Associates, the study, last fielded in 2018, measured the U.S. recreational boating industry’s total economic activity as well number of jobs and businesses supported.

In addition to examining the overall U.S. impact, the analysis breaks down data at the state level. While the top five states remained the same from the 2018 study, their rankings shifted with Florida and California retaining their first and second spots respectively, Texas moved to the third position with Michigan and New York rounding out the top five. Newcomers to the top ten states are Georgia and Minnesota, each saw upwards of a 120% increase in both economic output and job growth.

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