September 13th, 2018

Target Shooting Adds $16.9 Billion Annually to U.S. Economy

NSSF Target shooting statistics tax revenues economic impact gun sales

Did you know that target shooting (pistol, rifle, shotgun) represents a $16.9 Billion per year industry in America? Or that 20 million Americans enjoy target shooting regularly? In fact, target shooting-related spending contributes more than $46 million per day to the U.S. economy. Plus an estimated 329,000 American jobs are supported by target shooting in the USA. These and other remarkable facts were revealed in a new NSSF report from Southwick Associates.

NSSF Target shooting statistics tax revenues economic impact gun sales


CLICK HERE for Full Target Shooting Report PDF »

Not surprisingly, pistol shooting is the most popular form of target shooting, with 13.8 million handgun shooters. The number of rifle target shooters is about 12% less — 12.2 million enthusiasts. Just over 10 million people take part in shotgun sports, and 3.3 million shoot muzzleloading firearms.

NSSF Target shooting statistics tax revenues economic impact gun sales

Firearms Excise Taxes Support Conservation
Target shooting activities not only support local and national business, but the transactions generate vital revenues for federal, state, and local governments. In fact, target shooting generates, on average, over $14 million dollars per day in total tax revenues (i.e. federal, state, and local). Excise taxes on gun and ammo sales are also key to conservation. 2016, the total excise taxes returned to state wildlife agencies through fireams and ammunition sales totaled over $780 million.

NSSF Target shooting statistics tax revenues economic impact gun sales

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April 17th, 2018

The Sky Is Not Falling — Firearms Industry Economic Report 2018

Firearms industry economic report 2018 NSSF

While the mainstream media attacks gun owners and blue state politicians demand new anti-gun legislation, the fact remains that the firearms industry is more important to the American economy than ever. CNN and MSNBC won’t tell you that the American firearms industry is very healthy, enjoying huge growth in the last decade.

In fact, Americans are buying more guns than ever, and spending more money on firearms accessories and ammunition, according to a National Shooting Sports Foundation (NSSF) report.

The total economic impact of the firearms and ammunition industry in the United States increased from $19.1 billion in 2008 to $51.4 billion in 2017, a 169 percent increase. In addition, the total number of full-time equivalent firearms industry jobs rose from approximately 166,000 in 2008 to almost 310,000 in 2017, an 87 percent increase.

On a year-over-year basis, the industry’s economic impact rose from $51.3 billion in 2016 to $51.4 in 2017, ticking higher even while the industry came off-peak production years. Total jobs increased from approximately 301,000 to almost 311,000, a 3 percent increase in the same period.

Firearms Industry Tax Receipts Fund Conservation Programs
“Our industry is proud to be one of the truly bright spots in our economy as an unprecedented number of Americans have chosen to exercise their fundamental right to keep and bear arms and to safely enjoy the shooting sports,” said Stephen L. Sanetti, NSSF President and CEO.

“We have increased our direct workforce by more than 7,000 in the past year alone, adding jobs that pay an average nearly $50,000 in wages and benefits. In addition, since 2008 we increased federal tax payments by 144 percent, Pittman-Robertson excise taxes that support wildlife conservation by 104 percent, and state business taxes by 121 percent.”

The Firearms and Ammunition Industry Economic Impact Report: 2018 provides a state-by-state breakdown of job numbers, wages and output covering direct, supplier and induced employment, as well as federal excise taxes paid.

NSSF 2018 Firearms Industry Economic Impact Report »

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April 12th, 2017

Gun Industry Tops $51.3 Billion in Economic Imparct

NSSF National Shooting Sports Economic Impact Reports 2015 2016

Guns are big money. In the past eight years, the dollars generated by the production and sales of guns and ammo have more than doubled. In fact, total economic impact of the firearms and ammunition industry in the United States increased from $19.1 billion in 2008 to $51.3 billion in 2016, a 168% increase. Meanwhile the total number of gun industry full-time jobs rose from approximately 166,000 to more than 300,00, an 81% increase in that period, according to a report released by the National Shooting Sports Foundation (NSSF), the industry’s trade association. Read NSSF Report Highlights HERE.

Big Annual Growth — Numbers Up 15% from 2015 to 2016
The shooting industry’s economic impact rose from $49.3 billion in 2015 to $51.3 billion in 2016, a nearly 15% year-over-year increase. We can expect trends to slow down a bit with the election of President Trump, but recent years have still shown remarkable growth.

NSSF Gun Industry economic impact chart taxes

$6.5 Billion in Tax Revenues Generated
The firearms and ammunition industry generates sizable tax revenues. In the USA the industry and its employees pay over $6.5 billion in federal and state taxes including property, income and sales taxss.

NSSF Gun Industry economic impact chart taxes

The Firearms and Ammunition Industry Economic Impact Report: 2017 provides a state-by-state breakdown of job numbers, wages and output covering direct, supplier and induced employment, as well as federal excise taxes paid. Download the full NSSF Report HERE.

More Jobs, More Support for Conservation, More Tax Revenues
“Our industry is proud to be one of the truly bright spots in our economy as an unprecedented number of Americans have chosen to exercise their fundamental right to keep and bear arms and to safely enjoy the shooting sports,” said Stephen L. Sanetti, NSSF president and CEO. “In response to that growing market, we have increased our direct workforce dramatically over the last decade. In addition, since 2008 we increased federal tax payments by 156%, Pittman-Robertson excise taxes that support wildlife conservation by 138% and state business taxes by 107%.”

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April 13th, 2016

Firearms Industry is a Now a $49.3 Billion per Year Business

NSSF National Shooting Sports Economic Impact Reports 2015 2016

Guns are big money. In the past seven years, the dollars generated by the production and sales of guns and ammo have more than doubled. In fact, total economic impact of the firearms and ammunition industry in the United States increased from $19.1 billion in 2008 to $49.3 billion in 2015, a 158% increase. Meanwhile the total number of gun industry full-time jobs rose from approximately 166,000 to almost 288,000, a 73% increase in that period, according to a report released by the National Shooting Sports Foundation (NSSF), the industry’s trade association. Read NSSF Report HERE.

On a year-over-year basis, the industry’s economic impact rose from $43 billion in 2014 to $49.3 in 2015, a nearly 15 percent increase while total jobs increased from approximately 263,000 to almost 288,000, a 9 percent increase in the same period.

“Our industry is proud to be one of the truly bright spots in our economy as an unprecedented number of Americans have chosen to exercise their fundamental right to keep and bear arms and to safely enjoy the shooting sports,” said Stephen L. Sanetti, NSSF president and CEO. “We have increased our direct workforce by about 21,000 in the last two years alone, adding jobs that pay an average of more than $50,000 in wages and benefits.”

The Firearms and Ammunition Industry Economic Impact Report: 2016 provides a state-by-state breakdown of job numbers, wages and output covering direct, supplier and induced employment, as well as federal excise taxes paid. Access the full report here.

Billion Dollar Federal Reserve Note image from Milliondollarbillshop.com.
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January 16th, 2014

20 Million Americans Are Involved in Target Shooting

target shooting infographic NSSF

Nearly all the folks who frequent this website are target shooters. Count yourself among millions — at least according to a study recently released by the National Shooting Sports Foundation (NSSF) at SHOT Show 2014. The study states that 20 million Americans enjoy target shooting — with pistols, rifles, and/or shotguns. Our nation’s twenty million target shooters spend an estimated $10 billion dollars a year on target shooting — if you count gun and ammo costs, accessories, transportation, lodging, and range fees. As you might expect, the guns themselves constitute the single biggest expense category — 39% of the ten billion-dollar total. Another 17% of the total is spent on accessories, optic, hand-loading equipment, and reloading supplies. (If we were to poll AccurateShooter.com members, we bet the share of money spent on reloading tools and components would be even higher).

The demographics of target shooting may surprise you. 70% of target shooters are male, while 30% are female, and that distaff segment is growing. By the numbers, target shooting is more popular than many well-known outdoor pastimes, including soccer (14 million players) and skiing (8 million participants).

Does the government benefit from target shooting? Yes indeed. The NSSF estimates that target shooting generates roughly $3,500,000 in local, state, and federal tax revenues each year. But that’s just the tip of the iceberg. The total impact of target shooting on the American economy is $23 Billion per year according to the NSSF. That works out to $73 for every many woman and child in the USA.

targetinfogr01

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