NMMA Releases Yachting Industry Economic Impact Report

The National Marine Manufacturers Association (NMMA) released updated economic impact data for the recreational boating industry atAmerican Boating Congress in Washington, D.C. The update reflects 2012 data across the United States and has been formatted as an info-graphic, reflecting data in a visual way.

As the ABC starts and members of the recreational boating community prepare to meet with their representatives on Capitol Hill, the NMMA said the updated information arms industry advocates with some of the most compelling data to date regarding the importance of boating.

In 2013, the NMMA’s Center of Knowledge contracted with the Recreational Marine Research Center at Michigan State University to update the 2008 Economic Value of Recreational Boating at the State and Congressional District Level. Each state and district data sheet includes the “total annual economic value of recreational boating,” the number of recreational boating industry businesses, total jobs and annual recreational boating-related spending.

Notable U.S. economic impact facts include:

• The recreational boating industry has a total economic impact of $121.5 billion in the United States annually.

• There are nearly 35,000 recreational boating-related businesses across the country, providing more than 338,000 jobs.

• Each year, Americans spend $51 billion related to the more than 12 million registered recreational boats in the country.