The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.
Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .
Thu Feb 15, 2018
Coming on the heels of a record-breaking year of shipments for the RV industry, the U.S. Department of Commerce's Bureau of Economic Analysis (BEA) announced today that RVs accounted for $30 billion in direct annual economic activity in 2016, according to a press release from the Recreational Vehicle Industry Association.
The prototype statistics are from the Outdoor Recreation Satellite Account (ORSA), the first-ever government report recognizing outdoor recreation as a significant contributor to the U.S. economy, the release states, with 2016 the most recent year for which statistics are available.
Overall, outdoor recreation accounted for 2.0 percent ($373.7 billion) of current-dollar GDP in 2016. In addition, the outdoor recreation economy grew 3.8 percent in 2016, compared to 2.8 percent growth in the overall economy.
The Motorized Vehicles category was the largest activity within Conventional Outdoor Recreation in 2016, accounting for $59.4 billion of gross output. This means that RVs, with their $30.0 billion in gross output, account for more than half of that value.
“The ORSA report is a welcome signal of the critical economic role outdoor recreation plays in the United States, and the RV industry figures reaffirm the strength of our business,” said Frank Hugelmeyer, president of RV Industry Association. “We are very fortunate to represent a rapidly growing industry that helps keep America’s economy strong and brings enjoyment to millions of Americans.”
The full report issued by ORSA and BEA can be found here.
ABOUT ORSA: The new Outdoor Recreation Satellite Account (ORSA) is the latest addition in a series of satellite accounts complementing BEA's statistics, including accounts on travel and tourism and arts and cultural production. These accounts do not change BEA's official statistics, including GDP. They provide greater detail and allow closer analysis of a specific area of the economy by extracting information embedded in the official economic statistics.