Source: Boating BC eNewsletter
The National Marine Manufacturers Association of Canada, in partnership with Boating BC and the marine trade associations across the country have just released The Economic Impact of Recreational Boating in Canada: 2016, which shows national revenues from recreational boating hit $10 billion, up from $8.9 billion in 2012. While the average growth in our industry across the country from 2012-2016 was 12%, BC is the great news story with a 28% increase in both revenue and GDP – and a 29% increase in employment.
- Recreational boating contributed $1.3 billion of BC’s GDP in 2016, generated $2.2 billion in revenue and employs 17,000 people
- Nationally, the core recreational boating industry is responsible for $5.6 billion of the country’s GDP and employs 75,000 people.
- BC is the second largest region in Canada for its economic contribution from recreational boating.
- 43% of adult Canadians (12.4 million) participate in boating and 20% (6 million) own a boat.
- Boaters spend $7.4 billion while on boating trips; Canadians spend an average of $400 per trip, while foreign visitors spend $2,750.
To learn more, the BC media release can be found here and the national release here.
Boating BC members have the benefit of accessing the full 76 page report in the Member Resources section of the website under Member Documents.