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The U.S. Department of Commerce's Bureau of Economic Analysis (BEA) released new data showing that the recreational boating and fishing industry is the number one driver of the U.S. outdoor recreation economy, highlighting the industry’s significant role in driving economic activity across the country.

The outdoor recreation industry generated a record $1.3 trillion in economic output in 2024, supporting 5.2 million American jobs and accounting for 2.4% of the nation’s GDP. Recreational boating plays a vital role in the outdoor recreation industry, driving economic activity, innovation, and outdoor enjoyment. The latest BEA data show that boating and fishing together generated $38.4 billion in 2024.

“As the nation approaches its 250th anniversary, these numbers are a powerful reminder that time on the water remains deeply woven into the American story,” said Frank Hugelmeyer, President and CEO of the National Marine Manufacturers Association (NMMA). “Recreational boating and fishing are cherished traditions for millions of families and a key driver of manufacturing and small business growth. With 95 percent of boats sold in the United States built here at home and most builders operating as small businesses, the industry reflects the strength of domestic innovation and craftsmanship. Protecting access to public waters and investing in recreation infrastructure will be essential to ensuring future generations can enjoy life on the water while keeping marine manufacturing globally competitive.”

This is the eighth consecutive year the BEA has tracked the sector, underscoring its resilience and importance to communities, small businesses, and families across the country.