In a recent article from Golf Course Industry Magazine, the publication announced that the game of golf accounts for an estimated $11.3 billion of Canada’s Gross Domestic Product (GDP), as reported by a study released last month.
According to the article, the study provides quantitative evidence of the economic significance of golf to the Canadian economy. For example, golf in Canada generates an estimated $29.4 billion in total gross production through direct, indirect, and induced spending impacts. The game also provides environmental benefits and employment opportunities and encourages charitable activity and golf tourism.
To read the article in its entirety, please click here.