Firearms industry economic impact on the rise

#1

The total economic impact of the firearms and ammunition industry in the United States increased from $19.1 billion in 2008 to $52.1 billion in 2018, a 171 percent increase, while the total number of full-time equivalent jobs rose from approximately 166,000 to almost 312,000, an 88 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 $51.4 billion in 2017 to $52.1 in 2018, ticking higher even while the industry came off-peak production years. Total jobs increased from nearly 311,000 to almost 312,000, in the same period.

“Our industry is proud to be one of the steady and reliable producers and manufacturers in our economy as Americans continue to exercise their fundamental right to keep and bear arms and to safely enjoy the shooting sports,” said Stephen L. Sanetti, NSSF CEO. “Our workforce is steadily adding good jobs to our local economies averaging $50,000 in wages and benefits. In addition, since 2008 we increased federal tax payments by 164 percent, Pittman-Robertson excise taxes that support wildlife conservation by 100 percent and state business taxes by 120 percent.”

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#2

Being on the periphery of the industry, I can definitely see the changes, @txradioguy! Legal firearms are good for the economy. :slight_smile:

#3

The firearms industry is an economy unto itself when you think about everything that goes into gun ownership besides just purchasing a firearm.

That’s what these gun grabbing politicians either don’t realize or don’t care about.

You ban guns and there is a ripple effect across the U.S. economy tied to all of the people who make the accessories that go with firearms that people buy that would now be outlawed.