Recreational Fishing: Reeling in Big Dollars for the U.S. Economy

The Economics of Recreational Fishing

economic benefits of fishing

Americans love the great outdoors, and this enthusiasm for hunting and fishing as well as other outdoor recreation has an economic value. This post focuses on the recreational fishing industry. Recreational fishing, or sport fishing, is a major contributor to the U.S. economy. I don’t think most of us give the subject much thought. Well, according to an updated report titled Economic Contributions of Recreational Fishing: U.S. Congressional Districts put out in February 2017 by the American Sportfishing Association in conjunction with Southwick Associates, a market research firm that specializes in outdoor recreation, the financial impact that recreational fishing has on our country’s bottom line significant, with ripples that are felt far and wide across the U.S. economy.

The study shows that recreational fishing contributes more than $115 billion annually and adds some 800,000-plus jobs to the U.S. economy. Let’s put that number in perspective for a minute. That figure is roughly the same as the 2017 combined projected GDP (Gross National Product) for Costa Rica, Mozambique, Cambodia  and Iceland (source: International Monetary Fund World Economic Outlook, Oct. 2016). Big digits!

The report  points to a sustained growth  of sport fishing as a major contributor to the economic prosperity the nation. The 46 million-plus U.S. anglers (the number of anglers has grown by 11% since 2006) who spent more than $48 billion in retail purchases (trip-related and equipment expenditures) were catalysts for the broader economy as retailers spent on inventory, wholesalers, distributors and manufacturers bought more goods and materials, and the employees who work in the various recreational fishing-related  industries – think the guy or gal who sold you that new bass lure or the bucket of mullet at your local bait and tackle shop – spent their hard-earned wages on the same goods and services that we all buy.

Recreational Fishing Impact on Jobs, Incomes and Total Economic Output

The study, which builds upon the U.S. Fish & Wildlife Service’s 2011 National Survey of Fishing, Hunting, and Wildlife-Associated Recreation report and the 2013 American Sportfishing Association  Sportfishing in America: An Economic Force for Conservation study,  not only analyzes the economics of recreational fishing across all 50 U.S. states but also gets even more granular by looking at the economic contribution of each state by congressional districts, encompassing a total of 435 U.S. congressional districts. Mapping and population software were used to target small geographic regions to analyze the economic contribution and impact of recreational.

The state by state recreational fishing statistics point to the huge impact that recreational fishing has on the local, state and national economy. The following list ranks the top 10 states (in order) in terms retail spending/sales as well as the contributions to jobs creation, salaries and wages, and total economic output, or ripple effect, throughout the broader economy as a result of the original retail sale.number of fishermen in the us

We also can add to this the $15 billion dollars in local, state and federal tax revenues generated by recreational fishing. While these numbers may not surprise some industry professionals, they are eye-opening, to say the least.

Freshwater vs Saltwater Spending

So, who spends more on fishing, recreational freshwater or saltwater anglers? Well, that’s not really a fair question since there are over 27.5 million freshwater fishermen to 8.9 million for saltwater. (source: 2011 National Survey of Fishing, Hunting, and Wildlife-Associated Recreation report).

The breakdown in dollars spent on fishing trips and equipment expenditures, however, was $25.7 billion for freshwater and $10.3 billion saltwater. The average fishing-related expenditure for all anglers, both freshwater and saltwater, was $1262.

The ASA 2013 report is even more bullish, pegging total recreational fishing-related expenditures for freshwater anglers (including the Great Lakes) at $33,573,142,087 and $13,416,585,025 for saltwater, for a total of roughly $47 – $48 billion. On a Percentage basis, that breaks down to roughly 71% freshwater and 29% saltwater in total retail spending.

fishing industry statistics

Industries That Benefit from Recreational Fishing

Many related industries are positively affected by the growth and spending on recreational fishing. Here are just some with which we are familiar:

  1. Fishing Gear Manufacturers/Retailers: Anglers spent about $6 billion on fishing equipment, according to the ASA survey. This means that they need more advanced gear that is durable, reliable and functional. As more people engage in recreational fishing, equipment and tackle manufacturers and retailers stand to benefit as demand for gear such as rods, reels, lures and artificial baits, hooks, lines, as well electronics such as depth/fish finders continues to grow.
  1. Foodservice and Lodging: Again, as more people go on fishing trips , there will be a need for food providers and local lodging. Restaurants, fast food establishments, convenience and grocery store stand to profit. Hotels, fishing lodges and resorts and campgrounds will see upticks in occupancy.
  1. Special Equipment/Auxiliary Equipment: Boat, pickup truck, kayak, camping and outdoor/fishing apparel makers and retailers are also winners as anglers purchase equipment that help support their activity.
  1. Private Land Operators, fishing charters and Guides: Individuals and enterprises organize what is called “Pay to fish” services. This offers, for a fee, interested anglers the chance to gain access to lakes, ponds and other bodies of water where they can go fishing via private land use. There is also the profitable industry of fishing charters and fishing guides for hire that take anglers out for a half or full day of fishing for a fee. Many of us who love fishing for sport have used one or more of these services.
  1. Supportive & Miscellaneous Services/Fees: All states require that we buy a recreational fishing license, permit or tag before we can cast a line in the water, resulting in hundreds of millions of dollars in fees and revenues. Many even require you to purchase separate licenses for freshwater and saltwater fishing. Land purchase and leases for the purpose of fishing also generates significant revenues, estimated at over $3 billion in 2011. Sport fishing magazines and books are also  big beneficiaries of our passion for fishing, as you might have guessed, catering to millions of subscribers and readers annually.

For most of us, recreational fishing is just about spending good time with family, friends or fellow anglers. It could be a chance to bond with nature and to kick back and relax. But those who don’t understand how recreational fishing connects and contributes to the greater economy are definitely not seeing the whole picture or full value of the sport.

Recreational fishing is a multibillion dollar industry that involves over a quarter million jobs, permanent and seasonal, and generates billions of dollars in wages and salaries,  as well as local, state and federal tax revenues. Yes, it is a sport first and foremost to most of us – but it is also big business in our great U.S. of A and a significant driver of our local, state and national economies.

2 thoughts on “Recreational Fishing: Reeling in Big Dollars for the U.S. Economy

  1. TY

    It’s impressive to see everything laid out like this. I have never really given much thought to the economic side of fishing I just do it. Really surprising that Louisiana isn’t even on the list. I would have thought there was a lot of fishing going on here than other states. Anyway good to see the positive effects of fishing on state economies. I just think of fishing as a fun hobby though.

    Reply
    1. Dorado Post author

      Yes it is, Ty. Most of us aren’t spending our time thinking about this stuff, but it is a reality that recreational fishing is big business in the U.S. Reports cited here help to shed some light on that. Sport fishing is huge in Louisiana, though it just missed the cut for this list. The total economic impact to the state in 2011 was about $1.5 billion, and I’d bet it’s higher today.

      Reply

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