NSSF Reports Firearms Industry Economic Impact up 168%

    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.

    Scott is a firearms enthusiast and gun hobbyist whose primary interest is the practical application of gun ownership. In addition to contributing to The Firearm Blog, he hosts and blogs for The Firearms Podcast, a podcast and blog about gun stuff by gun people. Scott is a 20-year veteran of the USAF and been a member of his base, state and the All Guard marksmanship teams. He can be reached via email at [email protected]