Outdoor Recreation Makes Up 2% of U.S. GDP

Outdoor recreation spending accounted for 2% of the GDP – or $374 billion – in 2016, according to data released Wednesday (Feb. 14) by the U.S. Department of Commerce’s Bureau of Economic Analysis.

That year, the outdoor recreation economy showed faster growth than the overall U.S. economy, increasing 3.8%, versus a 2.8% uptick in the overall economy, according to the new BEA report. It’s the first time the bureau released federal statistics on outdoor recreation as its own category within the GDP. BEA also has expanded in the last two years its offerings for information on spending related to travel and tourism, in addition to arts and cultural production.

Heather Huckeba, research project coordinator for the Arkansas Department of Parks and Tourism, said the federal data that will be now available on the outdoor recreation economy is beneficial. Tourism plays a key role in economic development, and outdoor recreation is a big part of that in Arkansas, Huckeba said.    MORE

Designed by Reinhold Technology Solutions