March 20th, 2021

Economic Impact of Gun Industry Has Doubled since 2008

Shooting gun industry ammunition ammo economic impact revenue economy 2020

The total economic impact of the firearm and ammunition industry in the United States increased from $19.1 billion in 2008 to $63.5 billion in 2019, a 232% increase, while the total number of full-time equivalent jobs rose from approximately 166,000 to over 342,330, a 106% increase in that period, according to a report released by the National Shooting Sports Foundation, the industry’s trade association.

In just the last year, the industry’s economic impact rose from $60 billion in 2019 to $63.5 billion in 2020. Total jobs increased by 10,000+, from nearly 332,000 to over 342,330. The NSSF states: “The broader impact of the industry throughout the economy supports and generates business for firms seemingly unrelated to firearms, at a time when every job in America counts. These are real people, with real jobs, working in industries as varied as banking, retail, accounting, metalworking, and printing among others.”

The firearms/shooting industries help fund vital public services, by generating billions in Federal and state tax revenues. Since 2008 the gun industry has increased federal tax payments by 170%, state business taxes by 125% and Pittman-Robertson excise taxes that support wildlife conservation by 89%.

READ Full NSSF Economic Impact Report HERE »

Shooting gun industry ammunition ammo economic impact revenue economy 2020
Shooting gun industry ammunition ammo economic impact revenue economy 2020

Similar Posts:

Tags: , ,