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BEA to appear at Miami Boat Show

The U.S. Bureau of Economic Analysis will release data on the outdoor recreational industry, which is being recognized as part of the GDP for the first time.

The U.S. Bureau of Economic Analysis will release data on the outdoor recreational industry, which is being recognized as part of the GDP for the first time.

The U.S. Bureau of Economic Analysis will attend the Progressive Miami International Boat Show on Friday to address how and why for the first time the outdoor recreational industry is being recognized by the federal government as part of the Gross Domestic Product.

The BEA will share never-released data that measures the economic significance of outdoor recreation, including boating and fishing.

Presenters include BEA congressional liaison Lucas Hitt and economist Tina Highfill, according to the National Marine Manufacturers Association.

The new research is part of the new BEA Outdoor Recreation Satellite Account established in 2016 by federal law, covering years 2012 to 2016.

That will research will mark the first step in aiding decision making by policymakers and managers of public lands and waters, as well as educating the public on this part of the U.S. economy.

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