The U.S. Department of Commerce’s Bureau of Economic Analysis (BEA) has released new data highlighting outdoor recreation’s contribution to the U.S. economy. The industry generated a record $1.2 trillion in economic output in 2023, supporting 5 million American jobs and accounting for 2.3 percent of the nation’s GDP.

This marks the seventh consecutive year the BEA has tracked the sector. Recreational boating plays a vital role in the outdoor recreation industry, driving economic activity, innovation and outdoor enjoyment.

“The new BEA data confirm that recreational boating remains a strong contributor to the American economy,” said Frank Hugelmeyer, president and CEO of the National Marine Manufacturers Association (NMMA) and current board chair of the Outdoor Recreation Roundtable (ORR). “With 93 percent of boat builders being small businesses, and 95 percent of boats sold in the U.S. made in the U.S., it is crucial to prioritize policies that protect access to public waters, keep marine manufacturers globally competitive, and drive industry innovation.

“Americans’ passion for being on the water continues to fuel both our economy and our commitment to preserving outdoor recreation opportunities.”

Read more about the data on the ORR website.