Boating contributes $10 billion to Canadian economy

Jun 2, 2017 by Triton Staff

Revenues from Canada’s recreational boating in 2016 were estimated at $10 billion according to a study by the National Marine Manufacturers Association (NMMA) Canada last month. The industry generated $5.6 billion in gross domestic product and supported nearly 75,000 jobs throughout the country, the report stated.

“This new economic impact data reinforces the importance of recreational boating in Canada and the significant contribution our industry makes to the Canadian economy,” Sara Anghel, executive director of NMMA Canada, said in a press release. “Boating is a favourite pastime of millions of Canadians and the 8.6 million boats on the water in Canada stimulate jobs, revenue and taxes.”

The complete study is now available for NMMA members to download at nmma.org and nmma.ca.

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