Gun Laws & Legislation

Firearms industry economic impact nearly doubles in five years

Guns and Gear Contributor
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By National Shooting Sports Foundation

This NSSF report details the significant economic impact the firearms and ammunition industry has on the nation’s and each state’s economy.

NSSF, representing manufacturers and sportsmen around the nation, takes great pride in supporting wildlife conservation efforts. Noted in the economic impact report are the significant taxes paid by member companies to federal and state governments and the Pittman-Robertson excise tax the industry pays on the products it sells — this tax is the major source of wildlife conservation funding in America.The economic growth America’s firearms and ammunition industry has experienced over the years has been nothing short of remarkable. Over the past couple of years, the industry’s growth has been driven by an unprecedented number of Americans choosing to exercise their fundamental right to keep and bear arms and purchase a firearm and ammunition.

During difficult economic times and high unemployment rates nationally, our industry has grown and created over 25,600 new, well-paying jobs over the past two years. Our industry is proud to be one of the bright spots in this economy.

Take a look for yourself and see the impact we have nationally and on your home state.

The Firearms Industry Creates Jobs in America

United States companies that manufacture, distribute and sell sporting firearms, ammunition and supplies are an important part of the country’s economy. Manufacturers of firearms, ammunition and supplies, along with the companies that sell and distribute these products, provide well-paying jobs in America and pay significant amounts in tax to the state and federal governments.

Economic Impact of the Sporting Arms and Ammunition Industry in the U.S.

An Important Part of America’s Economy

Companies in the United States that manufacture, distribute and sell firearms, ammunition and hunting equipment employ as many as 111,895 people in the country and generate an additional 133,850 jobs in supplier and ancillary industries. 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. [1]

These are good jobs, paying an average of $47,709 in wages and benefits. And today, every job is important. In fact, in the United States the unemployment rate has reached 7.5 percent. This means that there are already 11,660,000 people trying to find jobs in the nation and collecting unemployment benefits. [2]

The Economic Benefit of the Industry Spreads Throughout the Country

Not only does the manufacture and sale of firearms and hunting supplies create good jobs in the United States but the industry also contributes to the economy as a whole. In fact, in 2013 the firearms and ammunition industry was responsible for as much as $37.7 billion in total economic activity in the country.

The Country Also Benefits from the Taxes Paid by the Industry

The firearms and ammunition industry generates sizable tax revenues. In the United States the industry and its employees pay over $5.2 billion in taxes including property, income, and sales-based levies. [3]

[1] John Dunham and Associates, New York, September 2013. Direct impacts include those jobs in firearms and ammunition manufacturers, as well as companies that manufacture products such as ammunition holders and magazines, cases, decoys, game calls, holsters, hunting equipment, scopes, clay pigeons and targets. Direct impacts also include those resulting from the wholesale distribution and retailing of firearms and ammunition in sporting goods retailers and variety/mass merchandise stores.

[2] The Bureau of Labor Statistics. Available online at: www.bis.gov/lau/home.htm 

[3] This is in addition to over $2.86 billion in federal business taxes and $643.92 million in federal excise taxes.
Source: John Dunham and Associates, Inc. New York, New York 2013

 

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Guns and Gear

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