Firearms Industry Economic Impact
Rises 125% 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 $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, the industry’s trade association.
“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.”
*These include jobs in companies supplying goods and services to manufacturers, distributors and retailers, as well as those that depend on sales to workers in the firearms and ammunition industry.
-30-
About NSSF The National Shooting Sports Foundation is the trade association for the firearms industry. Its mission is to promote, protect and preserve hunting and the shooting sports. Formed in 1961, NSSF has a membership of more than 11,000 manufacturers, distributors, firearms retailers, shooting ranges, sportsmen’s organizations and publishers. For more information, visit nssf.org.
We use cookies to ensure we give you the best experience on our website. By clicking "Accept" or using our website, you consent to the use of cookies unless you have disabled them. ACCEPT
Privacy & Cookies Policy
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.