NSSF report: Firearms industry economic impact rises 169 percent since 2008
NEWTOWN, Conn. — 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, while the total number of full-time equivalent jobs rose from approximately 166,000 to almost 310,000, an 87 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 $51.3 billion in 2016 to $51.4 in 2017, ticking higher even while the industry came off-peak production years, the report said, adding that total jobs increased from approximately 301,000 to almost 311,000, a 3 percent increase in the same period.
The Firearms and Ammunition Industry Economic Impact Report 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. For the full report, click here.
— National Shooting Sports Foundation