The data on the economic impact of in 2020. BEA found accounted for $689 billion in gross output (consumer spending) and 1.8 percent of gross domestic product in 2020.. Bureau of Economic Analysis (BEA) today released new
“Throughout this pandemic,has been a cornerstone of American life,” said Lise Aangeenbrug, (OIA) executive director. “As stay-at-home orders forced people to adapt their lifestyles, new groups of people, including more women, more urban-dwellers, and more minority populations turned to the as a place for recreation and refuge. Declines in indirect spending like dining out, air , and hotel stays may have impacted our industry’s output, but we saw a significant uptick in participation. At a time when people needed an outlet for social connection and physical activity, the was there to provide countless mental and physical health benefits.
“As we look forward, it’s clear thewill be an important part of America’s economic future. Many OIA member companies had exceptionally strong sales over the past year, pointing to how increased participation and newfound respect for the is putting the on a path toward continued success. Further, lawmakers have introduced new legislation to expand access to the and invest in climate resiliency, positioning the to continue to grow, create new jobs, and contribute to the national economy. Together, the is a force, and OIA is determined to ensure our and the will thrive for years to come.”
BEA launched its project in 2017 to “deepen the public’s understanding of the economic impact of , inform decision making, and improve governance and long-term management of public lands and waters.” In 2019, the agency announced it would also start sharing prototype statistics on state-level data.economy
The BEA release of economic data comes at a time when the health and wellness benefits of recreation cannot be overstated. A recent poll showed 69 percent of Americans have gained a renewed appreciation for theduring the COVID-19 pandemic.
Based in Boulder, Colo., with offices in Washington, D.C.,(OIA) is the leading trade association for the . OIA unites and serves 1,200 , supplier, sales representative, and retailer members through its focus on trade and recreation policy, sustainable business innovation, and participation. For more information, visit outdoorindustry.org.