The U.S. Department of Commerce’s Bureau of Economic Analysis (BEA) recently released economic data from the Outdoor Recreation Satellite Account for the year 2022. The data show that in 2022, outdoor recreation contributed more than $1 trillion to the U.S. economy, with boating and fishing remaining a top contributor to the outdoor economy. Outdoor recreation represents 2.2% of U.S. GDP and creates nearly 5 million jobs and comprises 3.2% of U.S. employment. This is the largest economic impact measured in the history of the account.
National Marine Manufacturers Association data show that more than 800,000 jobs are supported by the industry, and that recreational boating generates $230 billion in economic impact. Further, the recreational boating industry holds a unique position as a largely American enterprise. Ninety-five percent of boats sold in the U.S. are made in the U.S., with 93% of boat manufacturers classified as small businesses.
The recreational boating sector not only serves as a beloved pastime but also contributes significantly to the national economy. With headwinds that range from inflation to threats to boating access, it is now more crucial than ever to safeguard Americans’ ability to partake in recreational activities. For more information, visit BEA.gov.