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Outdoor recreation generates $1.2 trillion economic output
November 26th, 2024
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 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 […]
Recreational boating’s economic impact climbs to $230 billion
June 1st, 2023
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 […]