NSSF is the trade association for America's firearms industry.
Our mission: To promote, protect and preserve hunting and the shooting sports.
NSSF is the trade association for America's firearms industry.
It's mission: To promote, protect and preserve hunting and the shooting sports.
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Firearms Industry Helps Lead Economic Recovery; New Study Shows Growth in Jobs, Taxes Paid and Sales

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NSSF today released a newly commissioned report detailing double-digit gains in jobs and other data showing the industry has been a leader in the nation’s economic recovery. The report can be viewed at http://nssf.org/impact.

Firearms industry members on Capitol Hill were briefed on such remarkable statistics as the 30.6 percent increase in jobs between 2008 and 2011, a 66.5 percent increase in economic impact and a 66.5 percent increase in federal taxes paid by industry companies.

Armed with the good news of the report and recognizing that jobs and the economy are of major importance in the November elections, industry executives are meeting today with elected officials during the NSSF-sponsored Congressional Fly-In.

“During difficult economic times and high unemployment rates nationally, our industry actually grew and created more than ten thousand new, well-paying jobs,” said NSSF President Steve Sanetti. “Our industry is proud to be one of the bright spots in this economy.”

Key Points: Firearms and Ammunition Industry Economic Impact
Direct Jobs
Total Jobs
Econ Impact
2008
75,600
166,200
$19,128,934,700
2011
98,750
209,750
$31,838,799,400
% Change
30.6%
26.2%
66.5%
Key Points: Taxes
Federal Taxes
State Taxes
Excise Taxes
2008
$1,503,740,470
$1,299,088,680
$351,540,010
2011
$2,503,904,400
$2,071,203,430
$487,998,106
% Change
66.5%
59.4%
38.8%

The firearms industry has stood apart from other industries by thriving in a down economy. Indicators such as background-check statistics, firearms production and importation, firearm-retailer surveys and on-the-ground reports from retailers nationwide reveal that Americans are purchasing firearms in record numbers. For example, federal background checks for March totaled nearly 1.2 million in adjusted figures, representing an increase of 20 percent over a year ago and the 22nd straight month-over-month increase. (NSSF adjusts figures from the National Instant Criminal Background Check System to remove purpose-code checks associated concealed carry applications and permits. Though not a direct correlation to firearm sales, adjusted NICS figures provide a more accurate picture of market conditions.)

This year’s robust sales are a continuation of the economic growth the firearms and ammunition industry experienced last year that was driven by an unprecedented number of Americans choosing to exercise their fundamental right to keep and bear arms and purchase a firearm and ammunition. This increase in firearms ownership coincided with the continued decline in accidental firearm-related fatalities–a more than a 60 percent decrease in the last 20 years–and a continued drop in crime rates nationally.

Also cited in the economic impact report were the significant taxes paid by industry member companies to federal and state governments and the Pittman-Robertson excise tax the industry pays on the products it sells. The latter tax is the major source of wildlife conservation funding in America.

“Last year our industry increased its contribution to wildlife conservation by over seven percent, which translates into sportsmen contributing more than 1.3 million dollars daily to conservation efforts,” said NSSF Senior Vice President and General Counsel Lawrence G. Keane.

“Ours is an industry with a rich history and heritage that remains vital and important to the American economy today,” continued Keane. “To millions of Americans our industry’s products represent liberty, security and recreation. We look forward to speaking with members of Congress today about important legislative and regulatory issues that will allow our industry members to continue to grow their businesses and create even more new jobs in their communities.”





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7 Responses to “Firearms Industry Helps Lead Economic Recovery; New Study Shows Growth in Jobs, Taxes Paid and Sales”

  1. Texanbc

    Well, at least Obama did help the growth of this industry if not any others.

  2. FBIRyuJin

    So this industry helps the economy, creates jobs, and the products reduce crime by making criminals think twice before committing their crimes? Why in the hell would anyone want to outlaw this?

  3. Docwhitner

    I sent this article to the Romney Pres. campaign, and my Congressional Rep.  It adds another positive aspect to the gun rights debate.  

  4. MiamiNice

    There is no debate, it’s not in question. I’m from and in FL as Bloomberg said Zimmerman should have never gotten A Permit to CC. The guy has anger issues. No debate not in question. I can have multiple mags of more than 10 rds. But Fl seems to have all the nuts. The 1986 ban was a direct link to the mall AK47 mass murder. When the debate (Gabby ??) starts I’ll b the first in line to say this guy was a nut 0007 of all legal owners.

  5. MiiNice

    See my post above

  6. Johnereif

    I was reading the artical on Jesse Jackson marching against gun dealers.    He needs to march on those who steal guns and use the on unarmed people.     Send this bumb ass back to where he came from.
    John Reif
    Carrollton, Illinois

  7. Tex-slim

    I agree with what you say, don’t get me wrong, but while Jackson was born in SC, he “made his bones” in Illinois and I see you’re from there…

    You really want him back?  Or are you saying he needs to go back to SC?