Hangin' With ... Jeff Ehrenkranz Infront Owner Wanda Looking To Grow West Ham Reveals Seating Design Leeds Rhinos Profits More Than Double Players Call For Improved Scheduling Dalian Wanda Buys Ironman For $650M World Athletics Chooses Partner For '17 Blackpool Sponsor Admits To Mistake Paddy Power, Betfair Announce Merger Land Rover Explains RWC Campaign
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).