Publish date:

MIAMI: Outdoor recreation bigger contributor to GDP than mining or agriculture

NMMA president Thom Dammrich 

NMMA president Thom Dammrich 

MIAMI — Outdoor recreations account for 2 percent of the Gross Domestic Product, which is larger than mining or agriculture, National Marine Manufacturers Association president Thom Dammrich said today at the Miami International Boat Show innovation breakfast.

That is according to new data from the Bureau of Economic Analysis, part of the U.S. Department of Commerce, Dammrich said.

“Last year’s show contributed $854 million of economic activity to south Florida,” Dammrich said. “That’s equivalent of two and a half Super Bowls.”

The overall GDP has grown around 2.5 percent two out of the last three quarters, Dammrich said. New home sales are strong, which is good news for the industry since new boat sales track in line with housing.

“Many economists will say we’re near full employment and I think we see that as we go to hire people,” Dammrich said. “It appears that all the stars are aligning and tailwinds are behind us.”

In Washington D.C., there is no political divide when it comes to fishing and boating, Dammrich said.

But, “in spite of all the good work that’s been done, there’s still more that needs to be done,” he said.

Dammrich encouraged people to attend the American Boating Congress in May to continue to advocate for issues important to the marine industry and said the new data will help accomplish this. 


‘A Phenomenal Success’

The Southampton International Boat Show had more than 88,000 visitors during its 10-day run, after last year’s cancellation.

TopSide Marinas Makes First Two Acquisitions

Founded in January 2020, the firm has thus far acquired Beavers Bend Marina in Oklahoma and Galveston Yacht Basin in Texas.

Two Boosts for Boating and Fishing

MBIA’s Metro Boat show show draws a crowd, and the U.S. Fish and Wildlife Service expands boating and fishing opportunities.

Norwalk Boat Show Held This Weekend

The NMMA show runs through Sunday at Norwalk Cove Marina in Norwalk, Conn.

Raritan Expands Team

Patrick McNeel joins the New Jersey-based manufacturer as a marine equipment product developer.

Industry Mourns Walter “Bing” Burns O’Meara

The longtime publisher of Lakeland Boating magazine has died at 81.

NMMA Announces Hall of Fame Inductees

Regulator Marine’s Joan Maxwell and Bill Watters of Syntec Industries will be honored at IBEX.

Brunswick Acquires SemahTronix

The supplier of wiring harnesses and other electrical assemblies will be part of Brunswick’s growing Advanced Systems Group.