Firearm Industry Economic Impact Rises 269% Since 2008 • NSSF

March 30, 2022

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NEWTOWN, Conn. — The total economic impact of the firearm and ammunition industry in the United States increased from $19.1 billion in 2008 to $70.52 billion in 2021, a 269 percent increase, while the total number of full-time equivalent jobs rose from approximately 166,000 to over 375,819, a 126 percent increase in that period, according to a report^[3] released by the NSSF, the firearm industry trade association.

On a year-over-year basis, the industry’s economic impact rose from $63.5 billion in 2020, to $70.52 billion. Total jobs increased by over 33,000 in the same period, from 342,330 to 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, metal working and printing among others.

The firearm and ammunition industry paid over $7.85 billion in business taxes, including property, income and sales-based levies. An additional $1.1 billion was paid in federal excise taxes, which directly contributes to wildlife conservation.

“The economic contributions of our industry are indisputably contributing to every state and every community. This is the hallmark of the hard-working men and women who prove that the American firearm and ammunition industry is strong,”