7
Weather and
the Economy
•Economic Decisions are based on NWS data and products
•Significant Economic Benefits to the Nation from Open and Unrestricted Data Policy
–“Weather impacts $2.7 Trillion [per
year] of our economy” – Dean John Dutton, Penn State University
–Commercial meteorology industry -
$500M per year
–Growing weather risk management
industry over $14 Billion in contracts over the period 1998-2002. – Weather Risk
Management Association