NSSF: Firearm Industry Economic Impact Rises 379% Since 2008

WASHINGTON, D.C. — The total economic impact of the firearm and ammunition industry in the United States increased from $19.1 billion in 2008 to $91.7 billion in 2024, a 379 percent increase, while the total number of full-time equivalent jobs rose from approximately 166,000 to over 383,000, a 130 percent increase in that period, according to a report released by the NSSF, the firearm industry trade association.
On a year-over-year basis, the industry’s economic impact rose from $90.5 billion in 2023, to $91.7 billion in 2024. The firearm industry has broader impacts throughout the economy. It 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 $11 billion in business taxes, including property, income and sales-based levies. An additional $886 million was paid in federal excise taxes, which directly contribute to wildlife conservation. Read more