Gun Industry Economic Impact More Than Tripled in the Last 15 Years

Joe Biden — or whoever pulls the strings on that superannuated marionette these days — has waged a war on the American firearms industry since his run for the presidency in 2020. He called gun makers “the enemy” as far back as 2019 and ever since taking office, he’s weaponized every aspect of the executive branch to crimp, constrict, and restrain gun rights at every opportunity.

Does anyone in the administration care about the fact that America’s firearm industry has more than a $90 billion impact on the economy every year (that’s over 6% of the GDP of Mexico, by the way)? Or that it employs over 380,000 Americans in good, steady, high-paying jobs?

No. No, they don’t care about any of that because they still consider guns, the people who make them and the people who own them as enemies of the state. People who are far too convinced of their own right to life, liberty and the pursuit of happiness outside the sphere of government influence and control.

So America’s gun owners and the people who make and sell firearms can be excused for not giving a damn what the Biden administration says or thinks while we trumpet the size and success of the the industry that does so much to keep Americans free.

Here’s the latest from the NSSF on the economic impact of the gun business in the United States . . .

The total economic impact of the firearm and ammunition industry in the United States increased from $19.1 billion in 2008 to $90.05 billion in 2023, a 371 percent increase, while the total number of full-time equivalent jobs rose from approximately 166,000 to over 384,437, a 131 percent increase in that period, according to a report released by the NSSF, The Firearm Industry Trade Association.

On a year-over-year basis, the industry’s economic impact rose from $80.73 billion in 2022, to $90.05 billion in 2023. 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 $10.90 billion in business taxes, including property, income and sales-based levies. An additional $944 million was paid in federal excise taxes, which directly contributes to wildlife conservation.

“Our industry is a vital economic contributor to every state and every community. These are companies employing men and women from all walks of life and they prove daily that the American firearm and ammunition industry is strong,” said Joe Bartozzi, NSSF President and CEO. “This industry proudly provides the means for law-abiding citizens to exercise their Second Amendment rights, enables them to hunt and is the primary fiscal force behind wildlife conservation in America. The growth of the firearm industry equals more jobs that add to our local economies, averaging $67,500 in wages and benefits, up from $65,000 reported last year. Since 2008, federal business tax payments increased by 353 percent, Pittman-Robertson excise taxes on firearms and ammunition that support wildlife conservation by 168 percent and state business taxes by 215 percent.”

The annual Firearm and Ammunition Industry Economic Impact Report 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 report here.

3 Responses

  1. Everytime a good guy with a gun stops a bad guy, there is a positive micro-economic impact that results from prevention of injury and other crimes. Multiply this by the hundreds of thousands of events per year.

    Yes, bad guys with guns do a lot of damage, also. But that means we need more good guys with guns.

  2. I am certain there are a few towns in New England that realize the impact of the Firearms industry. I feel bad for the families and local suppliers, and they may just move south with the manufacturing. God Bless the ability to move and make what you are able to sell, wherever you are welcome.

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