Firearms Industry Economic Impact Rises 213% Since 2008

Ecomonic impact of gun and ammo industry increased from $19.1B in '08 to $60B in '19.

Firearm and Ammunition Industry Economic Impact Report.
Firearm and Ammunition Industry Economic Impact Report.NSSF

The total economic impact of the firearms and ammunition industry in the United States increased from $19.1 billion in 2008 to $60 billion in 2019, a 213 percent increase, while the total number of full-time-equivalent jobs rose from approximately 166,000 to more than 332,000, a 100 percent increase in that period, according to NSSF’s newly released Firearm and Ammunition Industry Economic Impact Report 2020.

On a year-over-year basis, the industry’s economic impact rose from $52 billion in 2018 to $60 billion. Total jobs increased by 20,000 in the same period, from nearly 312,000 to more than 332,000, and the firearms and ammunition industry paid more than $6.74 billion in business taxes, including property, income, and sales-based levies.

“Our industry continues to show the steady and reliable growth that is a hallmark of a healthy industry,” says Joe Bartozzi, NSSF President and CEO. “The workers who make up our ranks produce high-quality firearms and ammunition that millions of law-abiding Americans rely upon to exercise the right to keep and bear arms and safely enjoy recreational shooting.”

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