Firearms industry economic impact rises 125 percent since 2008

Written by the National Shooting Sports Foundation

The total economic impact of the firearms and ammunition industry in the United States increased from $19.1 billion in 2008 to $42.9 billion in 2014, a 125-percent increase, while the total number of full-time equivalent jobs rose from approximately 166,000 to more than 263,000, a 58-percent increase in that period, according to a new report released today by the National Shooting Sports Foundation.

“We have seen continued dramatic growth in the firearms and ammunition industry that is the direct result of consumer demand for our products since 2008,” said Stephen L. Sanetti, NSSF president and chief executive officer. “In our nation’s economic recovery since that year, our industry has been a standout, increasing our direct workforce by 78 percent, adding jobs that pay an average of more than $52,000 in wages and benefits. Wildlife conservation is the real winner here, as we increased federal tax payments by 108 percent, Pittman-Robertson excise taxes that support wildlife conservation by 145 percent and state business taxes by 106 percent. And gratifyingly, throughout this period of growth, both criminal and accidental misuses of firearms continued to drop.”

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