Firearm Industry Economic Impact Rises 232% Since 2008

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 percent increase, while the total number of full-time equivalent jobs rose from approximately 166,000 to over 342,330, a 106 percent increase in that period, according to a report released by the National Shooting Sports Foundation®, the industry’s trade association.
On a year-over-year basis, the industry’s economic impact rose from $60 billion in 2019, to $63.5 billion. Total jobs increased by more than 10,000 in the same period, from nearly 332,000, to over 342,330. 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, metal working and printing among others.
The firearm and ammunition industry paid nearly $7 billion in business taxes, including property, income and sales-based levies. Read more










