Outdoor recreation sector grew faster than overall economy in 2017, says Commerce Department report - Entrepreneur Generations

Outdoor recreation value added as a percent of state GDP in 2017; map by U.S. Bureau of Economic Analysis

The outdoor recreation economy is growing faster than the overall economy, according to a new report by the Commerce Department's Bureau of Economic Analysis.

The outdoor recreation sector grew by 3.9 percent in 2017, compared to the overall U.S. economy's 2.4% growth. Outdoor recreation accounted for 2.2% ($427.2 billion) of the gross domestic product in 2017, more than mining, utilities, farming, ranching, and chemical products manufacturing, Amelia Arvesen reports for recreation industry publication Snews.

For the first time, the report includes information on specific types of outdoor recreation activities stacked up. Activities were divided into three categories: core activities (like camping and hunting), other core activities (such as gardening and outdoor concerts) and supporting activities (including construction, travel and tourism, local trips, and government expenditures). "Conventional outdoor recreation accounted for 30.6% of the outdoor recreation economy nationwide in 2017, other recreation accounted for 19.3%, and the remaining 50.1% was supporting activities, Arveson reports.

Map by U.S. Bureau of Economic Analysis

The report includes a deep data dive into the outdoor recreation economy. Read more here.

from The Rural Blog https://ift.tt/2nrFSw2 Outdoor recreation sector grew faster than overall economy in 2017, says Commerce Department report - Entrepreneur Generations

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