Tag: Outdoor Recreation
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Outdoor Recreation Plays Biggest Role in Montana
by Evelyn Pyburn Outdoor recreation plays a bigger role in Montana’s economy than it does for any other state as a share of the total economy. The U.S. Bureau of Economic Analysis (BEA) announced statistics regarding the outdoor recreation economy for the nation just last week, stating that the data show that the outdoor recreation…
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Outdoor Recreation Holds Promise for State’s Economy
While COVID restrictions on businesses in Montana, earlier this year, hit few industries as hard as tourism, hospitality and recreation, it may be that Montana’s abundant outdoor recreation opportunities will provide deliverance for the state going forward. Outdoor recreation was identified as the second most hard-hit business sector by The US Bureau of Economic Analysis…
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Montana’s Outdoor Recreation Industry Does Well
Montana leads the nation in the growth of its outdoor recreation business, exceeded only by Hawaii. The Bureau of Economic Analysis (BEA) reports that the U.S. outdoor recreation economy accounted for 2.2 percent ($427.2 billion) of current-dollar gross domestic product (GDP) in 2017. The Outdoor Recreation Satellite Account (ORSA) also shows that GDP for the…