Economics of Bicycling
According to a 2010 study prepared by the Outdoor Foundation, 60 million adult Americans (18 years of age and older) bicycle each year. Bicycling creates major economic growth in the United States:
- $133 billion annual contribution to the U.S. economy
- Supports nearly 1.1 million jobs across the U.S.
- 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
- Generates $17.7 billion in annual federal and state tax revenu
- Provides sustainable growth in rural communities
In the Rocky Mountain region (AZ, CO, ID, NM, MT, UT, NV, WY) alone, bicycling contributes $6.2 billion annually to the regional economy:
- Supports more than 60,000 jobs across the region
- Generates more than $1 billion in annual state and federal tax revenues
- Produces nearly $4.1 billion annually in retail sales and services
- $429 million in bicycling gear sales and services
- $3.7 billion in bicycling trip-related expenditures
- The Mountain States are home to more than 4 million bicyclists – 27% of the adult population.