The National Shooting Sports Foundation released their report titled “The Firearms and Ammunition Industry Economic Impact Report: 2017” on April 10th. As the title hints this annual NSSF report provides details on the economic impact the firearms and ammunition industry has on the USA as a whole and each individual state by breaking down the numbers in dollars of both direct and indirect jobs, wages, and overall economic impact of our favorite industry.
The report shows a marked increase in the total economic impact of the gun and ammo market. From 2008 to 2016 the impact increased from $19.1 billion to $51.3 billion, which is where we get the 168% increase. The total job impact rose from around 166,000 to more than 300,000 full-time equivalent positions. For those of you who can math like I can, that is a 81% increase in jobs. In the most recent year we have numbers for, 2015 to 2016 there was an increase of $2 billion or almost 15%, from $49.3 billion to $51.3 billion. Other number in the report; 156% increase in federal tax payments, 138% increase in Pittman-Robertson excise tax payments, 107% increase in state business tax payments.
You can view the National Shooting Sports Foundation report, “The Firearms and Ammunition Industry Economic Impact Report: 2017” in its entirety in PDF form here at the National Shooting Sports Foundation’s website at NSSF.org for free.