By NSSF
WASHINGTON, D.C. — The total economic impact of the firearm and ammunition industry in the United States increased to $80.73 billion in 2022 from $19.1 billion in 2008, a 322 percent increase, while the total number of full-time equivalent jobs rose to over 393,696 from approximately 166,000, a 136 percent increase in that same period, according to a report released by the NSSF®, The Firearm Industry Trade Association.
On a year-over-year basis, the industry’s economic impact rose to $80.73 billion in 2022 from $70.52 billion in 2021. Total jobs increased by over 17,877 in the same period, to 396,696 from 375,819. The firearm industry has broader impacts throughout the economy. It supports and generates business for firms seemingly unrelated to firearms, at a time when every job in America counts. These are real people, with real jobs, working in industries as varied as banking, retail, accounting, metalworking and printing among others.
The firearm and ammunition industry paid over $7.48 billion in business taxes, including property, income and sales-based levies. An additional $1.15 billion was paid in federal excise taxes, which directly contributes to wildlife conservation.
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“Our industry’s economic input is undeniably contributing to every state and every community. This milestone achievement of over $80 billion in economic impact proves that the American firearm and ammunition industry is strong,” said Joe Bartozzi, NSSF President and CEO. “Ours is an industry that is consistently growing and innovating to meet the American demand for the highest quality firearms and ammunition for lawful firearm ownership. Over 4.2 million Americans from all walks of life, for the first time, discovered and exercised their right to lawful firearm owners and safely participate in the recreational shooting sports last year. This growth equals more jobs that add to our local economies, averaging $65,000 in wages and benefits, up from $56,900 reported last year. Since 2008, federal tax payments increased by 266 percent, Pittman-Robertson excise taxes that support wildlife conservation by 226 percent and state business taxes by 46 percent.”
The annual Firearm 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. Access the full report here.
About NSSF
NSSF is the trade association for the firearm industry. Its mission is to promote, protect and preserve hunting and the shooting sports. Formed in 1961, NSSF has a membership of thousands of manufacturers, distributors, firearm retailers, shooting ranges, sportsmen’s organizations and publishers nationwide. For more information, visit nssf.org.
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Thank you, Barack!! Without you, millions of people would not have the security of a firearm in their house. Your slant on firearm usage made us all aware of how far the government will go to deprive us of legal ownership of a gun. Today, we have read the result of your influence.
Well i guess mien furor is creating jobs and employment, shame it’s because of the criminals that don’t work!
How sustainable are these jobs? There are plenty of jobs in Las Vegas, gambling, alcohol, strip clubs and worse – that doesn’t mean it’s a great place to live.
So did you have fun in Vegas? Did you win some money? Did you get a decent exchange rate?
Still not British. But, like a very few young women in college, Jacob Rees-Mogg has given us a weak Pound. Take that on a roll with brown sauce.
Stupid comment from someone who does not know better. Las Vegas is a HUGE valley city, larger in square miles than almost any city with the same population. A relatively small area is involved in gaming. Most people living in Las Vegas NEVER go to the Strip, or downtown.
Non-gaming jobs are exploding…manufacturing, distribution, technology are all leading employment industries in our city.
Why don’t you, Blue Dog, tell us where you live so we can make stupid comments about your city?
Some little town you have never heard of in rural west Texas. I don’t live in Cornwall.
Stupid comment, Blue Dog.
Las Vegas is a great place to live. It’s a HUGE valley city with a comparatively small area of gaming.
Opportunities in technology, manufacturing, and distribution are huge, and taking over as revenue leaders. Most people who live in Vegas seldom, if ever, go to the Strip, or downtown.
Why don’t you tell us where you live so we can make idiotic comments about your city?
Tell us about the podunk hallow that you call home.
I’m a flatlander. We don’t have many hollers ‘round here. This is not the Ozarks, Kane.
Identifying as american don’t make you american……..