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Opportunity Arises in the Great Outdoors
30 Sep 2024
News
A look into the nation’s outdoor recreation industry reveals a sector experiencing robust growth as nationwide participation reaches new heights.
According to recent data released by the Outdoor Satellite Account and the U.S. Department of Commerce’s Bureau of Economic Analysis (BEA), the outdoor recreation economy produced $1.1 trillion in economic output in 2022. This reflects an added value of $564 billion, or 2.2% of U.S. GDP.
In 2023, participation hit a new record with a reported 175.8 million Americans getting active. The Outdoor Industry Association’s (OIA) 2024 Outdoor Participation Trends Report shows that record accounts for 57.3% of Americans aged six or older.
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