ECB Wants £1.25B TV Deal VAR Could Be Used In EFL Cup ManU Expects £15M A Year Sleeve Deal NRL To Offer Pay Raises Vauxhall To End Home Nations Sponsorship Tottenham's Wembley Move In Doubt BBC's Bid To Screen Cricket Boosted RLIF Announces Nines World Cup For '19 Tottenham Announces £33M Profit Finance Notes
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
SBD Global/June 7, 2013/Finance
Golf A Billion Dollar Business For Scotland, Employs More Than 20,000 People
Published June 7, 2013
WANT MORE GREAT STORIES LIKE THIS?
CLICK ON ONE OF THESE BUTTONS
DRIVING FORCE: In Glasgow, David Ross reported the research concludes that "once costs are taken into account, golf directly contributes" £496M ($773M) to Scotland's gross domestic product (GDP) annually, "equivalent to 0.4% of the country's total economic output." Scottish Golf Union CEO Hamish Grey said, "This report clearly demonstrates the significant value of golf to Scotland's economy. Comparing it to other industries, we can now see for the first time that, for example, golf's direct contribution to GDP is 89% that of fishing and fish farming, and 83% of air transport" (HERALD SCOTLAND, 6/5).