Annual Economic Impact of Firearms Industry is $27.8 Billion

At a Capitol Hill breakfast briefing today, the National Shooting Sports Foundation (NSSF) released a newly commissioned report detailing the significant economic impact the firearms and ammunition industry has on the nation’s and each state’s economy. The numbers were impressive. Overall, the firearms industry had an economic impact of $27.8 BILLION dollars in 2009. The firearms industry generated $8.2 Billion in workers’ wages and $4.4 Billion in tax revenues. “During difficult economic times and high unemployment rates nationally, our industry actually grew and created 16,800 new, well-paying jobs,” said NSSF President Steve Sanetti. “Our industry is proud to be one of the bright spots in this economy.”

The economic growth America’s firearms and ammunition industry experienced last year was driven by an unprecedented number of Americans choosing to exercise their fundamental right to keep and bear arms and purchase a firearm and ammunition. Also cited in the Economic Impact Report were the significant taxes paid by industry member companies to federal and state governments and the Pittman-Robertson excise tax — a major source of wildlife conservation funding in America. “In 2009 our industry increased its contribution to wildlife conservation by over 37.6 percent, which translates into sportsmen contributing more than $7.5 million dollars daily to conservation efforts,” said NSSF General Counsel Lawrence G. Keane.

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Tags: Conservation, economy, Employment, NSSF, Washington