A waterproof, breathable, recyclable, layered composite fabric with stretch that is especially well-suited for weather protection garments and the like, has at least one layer of a woven, knitted, or non-woven face fabric of stretch-recovery bicomponent fibers, and an elastomeric waterproof film or coating of the same polymer, and optionally a liner fabric of knitted construction. The composite fabric is recyclable using traditional techniques to recycle polyester or polyamide. Garments made from this fabric are also disclosed.