{"id":190502,"date":"2023-04-19T09:46:25","date_gmt":"2023-04-19T13:46:25","guid":{"rendered":"https:\/\/www.gunsamerica.com\/digest\/?p=178506"},"modified":"2023-04-19T09:46:25","modified_gmt":"2023-10-06T14:53:42","slug":"firearm-industry-economic-impact-rises-322-since-2008","status":"publish","type":"post","link":"https:\/\/gunsamerica.com\/digest\/firearm-industry-economic-impact-rises-322-since-2008\/","title":{"rendered":"Firearm Industry Economic Impact Rises 322% Since 2008"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.gunsamerica.com\/digest\/wp-content\/uploads\/2023\/04\/Economic_Impact-1024x632.jpg\" alt=\"\" class=\"wp-image-178507\"\/><\/figure>\n\n\n\n<p><strong>By NSSF<\/strong><\/p>\n\n\n\n<p><strong>WASHINGTON, D.C.&nbsp;\u2014<\/strong> The total&nbsp;economic&nbsp;impact&nbsp;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&nbsp;<strong><a href=\"https:\/\/www.nssf.org\/economic-impact-report\" target=\"_blank\" class=\"clickTracking\" campaign=\"firearm-industry-economic-impact-rises-322-since-2008\" title=\"Firearm Industry Economic Impact Rises 322% Since 2008\">report<\/a><\/strong>&nbsp;released by the NSSF<sup>\u00ae<\/sup>, The Firearm Industry Trade Association.<\/p>\n\n\n\n<p>On a year-over-year basis, the industry\u2019s 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.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-see-also-tennessee-governor-changes-gun-control-stance-urges-legislators-to-approve-red-flag-law\">SEE ALSO: <a href=\"https:\/\/www.gunsamerica.com\/digest\/tennessee-governor-changes-gun-control-stance-urges-legislators-to-approve-red-flag-law\/\" target=\"_blank\" class=\"clickTracking\" campaign=\"firearm-industry-economic-impact-rises-322-since-2008\" title=\"Firearm Industry Economic Impact Rises 322% Since 2008\">Tennessee Governor Changes Gun Control Stance, Urges Legislators to Approve Red Flag Law<\/a><\/h2>\n\n\n\n<p>\u201cOur industry\u2019s 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,\u201d said Joe Bartozzi, NSSF President and CEO. \u201cOurs 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.\u201d<\/p>\n\n\n\n<p>The annual Firearm and Ammunition Industry&nbsp;Economic&nbsp;Impact&nbsp;Report&nbsp;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&nbsp;report&nbsp;<a href=\"https:\/\/www.nssf.org\/economic-impact-report\" target=\"_blank\" class=\"clickTracking\" campaign=\"firearm-industry-economic-impact-rises-322-since-2008\" title=\"Firearm Industry Economic Impact Rises 322% Since 2008\"><strong>here<\/strong><\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>About NSSF<\/strong><\/h2>\n\n\n\n<p><em>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\u2019s organizations and publishers nationwide. For more information, visit&nbsp;<\/em><a href=\"http:\/\/www.nssf.org\/\" target=\"_blank\" class=\"clickTracking\" campaign=\"firearm-industry-economic-impact-rises-322-since-2008\" title=\"Firearm Industry Economic Impact Rises 322% Since 2008\"><strong><em>nssf.org<\/em><\/strong><\/a><em>.<\/em><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p class=\"has-text-align-left\" style=\"font-size:24px\"><strong><em>*** <a href=\"https:\/\/gunsamerica.com\" target=\"_blank\" class=\"clickTracking\" campaign=\"firearm-industry-economic-impact-rises-322-since-2008\" title=\"Firearm Industry Economic Impact Rises 322% Since 2008\" target=\"_blank\" rel=\"noreferrer noopener\">Buy and Sell on GunsAmerica!<\/a> ***<\/em><\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.nssf.org\/economic-impact-report\" target=\"_blank\" class=\"clickTracking\" campaign=\"firearm-industry-economic-impact-rises-322-since-2008\" title=\"Firearm Industry Economic Impact Rises 322% Since 2008\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The total\u00a0economic\u00a0impact\u00a0of 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. <\/p>\n","protected":false},"author":115,"featured_media":178507,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_specdata_upc":"","_specdata_placement":"","footnotes":""},"categories":[25,1803,240],"tags":[132,617,1802,311],"featured":[],"hunt365":[],"class_list":{"0":"post-190502","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-current-events","8":"category-news-wire","9":"category-this-week","10":"tag-buzz","11":"tag-industry-news","12":"tag-news-wire","13":"tag-nssf"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - 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