Tackle Trade World - January 2023

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PAGE 24
US OUTDOOR RECREATION
BRINGS IN ALMOST $1TRILLION
The outdoor recreation
industry is worth
nearly $1 trillion to
the US economy, with fishing
and boating being the biggest
contributors to this figure.
The US Bureau of Economic
Analysis (BEA) Outdoor
Recreation Satellite Account
report reveals that the outdoor
recreation industry generated
$862 billion in economic output
in 2021.
This resulted in the creation
of 4.5 million jobs – that’s three
per cent of all workers in the
United States. The total economic
output value is 1.9 per cent of the
nation’s total GDP.
Across the 50 states, the
outdoor recreation economy
contributed between 4.8 per
cent and 1.3 per cent of their
individual GDPs – Hawaii saw
the largest impact on the state
GDPs while New York and
Connecticut were the lowest.
Boating and fishing were said
to have contributed $50.4 billion
in economic output, making these
markets the largest economic
driver among conventional
outdoor recreation activities.
The American Sportfishing
Association was delighted to
receive the news.
A spokesman for the ASA said:
“[We] recognise the important
value outdoor recreation has
across the United States and
we are proud to be part of an
industry that plays a critical role
in growing our nation’s economy.
“The outdoor recreation
industry’s contribution to the
US economy is greater than the
amount contributed by other
notable industries such as oil
and gas extraction, mining,
agriculture, and computers and
electronics.
“The economic impact of
our industry is also an indicator
of how important it is for
Americans to have access to clean
waters and abundant fisheries.
ASA will continue our work with
Congress, federal agencies and
at the state level to ensure that
outdoor participation continues
to grow.
“The growth our industry saw
in 2021 indicates that outdoor
recreation remains a top priority
for all Americans in terms of
time and dollars spent. Outdoor
recreation will continue to have a
huge impact on our nation even
in the face of overall economic
uncertainty. ASA is committed to
promoting participation.”
The figures are a welcome
rise given that, in 2020, the
outdoor recreation economy
contributed just $689 billion in
gross domestic output, equalling
1.8 per cent of the US GDP.
Although much of this was said
to be down to the impact of the
Covid-19 pandemic.
Prior to that, the outdoor
recreation economy typically
equalled 2.2 per cent of the GDP,
so it is clear the gap is closing.
The outdoor recreation
industry is also ahead of the
country in overall economic
growth, with an increase of
18.9 per cent from 2020 to
2021 compared to just a 5.9 per
cent increase in the overall US
economy.
The tackle trade also saw a
13.1 per cent rise in job growth
from 2020 to 2021, equal to 3.1
per cent of the country’s total job
growth.
You can read the full report
via www.asafishing.org under the
Reports and Trends tab.
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