Friday, April 06, 2007

Bicycle industry economic impact

The Outdoor Industry Association (OIA) recently released statistics about the economic impact of bicycling recreation. These numbers, drawn from OIA research summarized in The Active Outdoor Recreation Economy, estimate bicycling’s full contribution to the U.S. economy, including travel-related expenditures and the ripple effect of indirect economic contributions.

The national bicycling recreation economy:

  • Contributes $133 billion annually to the U.S. economy
  • Supports nearly 1.1 million jobs across the U.S.
  • Generates $17.7 billion in annual federal and state tax revenue
  • Produces $53.1 billion annually in retail sales and services
    $6.2 billion in bicycling gear sales and services
    $46.9 billion in bicycling trip-related expenditures

For more information and to see the bicycling data by region, click here.

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