Clubs Agree To Cut Europa-CL Money Gap Lerner Offers Home To Potential Buyers Offers Made For Birmingham City Financial Boost Likely, Hong Kong Opens Hamilton's New Deal Could Be Worth $40M Promotion Could Prove Costly For Rangers Men's And Women's Scottish Golf Unite Henley Royal Regatta Will Be Broadcast Finance Notes Bayern To Receive $74M From League
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
Upcoming Conferences and Events
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).