“The total economic impact of the firearm and ammunition industry in the United States increased from $19.1 billion in 2008 to $63.5 billion in 2019, a 232 percent increase, while the total number of full-time equivalent jobs rose from approximately 166,000 to over 342,330, a 106 percent increase in that period.”
That’s a heck of a quote proper there from the NSSF. Amazing to assume that the firearm trade has greater than tripled its sure impact on the U.S. economic system during the last twelve years. Whether saw by way of gross home product, taxes paid, or individuals employed, the financial affect of the firearm trade is huge.
In TTAG’s residence state of Texas alone, the firearm trade is accountable for over $4.61 billion in complete financial activity. That’s 26,600 full time jobs and over $525 million paid in taxes.