Explore The NRA Universe Of Websites

APPEARS IN News

Investing in the Second Amendment: Gun Industry Shows Continued Strong Growth

Monday, May 1, 2023

Investing in the Second Amendment: Gun Industry Shows Continued Strong Growth

As Americans continue to come to terms with the pandemic’s ripple effect on business, unemployment, and snags in the supply chain, one of the bright spots in the economic landscape is the state of the firearm and ammunition industry.

Each year, the National Shooting Sports Foundation (NSSF) publishes a detailed report on the impact of the firearm and ammunition industry on the U.S. economy and jobs. In addition to examining the effect that companies that manufacture, distribute, and sell firearms, ammunition, and hunting equipment have had in the last year, the report looks at trends more generally.

According to the latest report, Firearm and Ammunition Industry Economic Impact Report 2023, the industry’s economic growth “in recent years has been nothing short of remarkable and has been driven by an unprecedented number of Americans choosing to exercise their fundamental right to keep and bear arms. This includes an estimated 4.2 million new gun owners in 2022.”

Since 2008, the overall economic impact of the industry has increased by more than 320% ‒ from $19.1 billion (2008) to $80.7 billion last year. 2022 alone represented an increase of over $10 billion over the year before.  

Other highlights:

  • in 2022, the firearm and ammunition industry was responsible for employing 172,697 people and generated an additional 220,999 jobs in supplier and ancillary industries;
  • Pittman-Robertson excise tax contributions to the Wildlife Restoration Trust Fund exceeded $1.15 billion in 2022;
  • in addition, the industry and industry employees paid over $7.48 billion in state and federal taxes in 2022, including property, income, and sales-based levies; and
  • “over 4.2 million Americans from all walks of life, for the first time, discovered and exercised their right to lawful firearm owners and safely participate in the recreational shooting sports last year.”

The report’s state-by-state breakdown shows that these economic gains are by no means restricted to “pro-gun” jurisdictions and extend to every state. The economic impact of the gun industry in New York State, for instance, exceeded $3 billion ($3,187,992,000) last year. Likewise, California benefitted by an annual total output of just under six billion dollars ($5,992,739,100). 

While anti-gun politicians and their gun-control allies attack the gun industry (here and here, for instance) as part of a campaign against firearm-related commerce in general, the indisputable fact remains that the industry’s continued strength relies on millions of law-abiding consumers – sport shooters, hunters, farmers and other everyday Americans –  exercising their fundamental constitutional rights and investing in the Second Amendment.

TRENDING NOW
Nancy Pelosi: Pro-Gun Voters Made an Impact

News  

Monday, November 18, 2024

Nancy Pelosi: Pro-Gun Voters Made an Impact

Congratulations NRA members and other pro-gun voters! Once again, our votes helped make the difference.

Gulfport City Council Votes to Create "Gun-Free Zone" for Law-Abiding Citizens

Friday, November 22, 2024

Gulfport City Council Votes to Create "Gun-Free Zone" for Law-Abiding Citizens

This week, the Gulfport City Council voted 4-3 to ban law-abiding citizens who legally open carry from bringing firearms into City Council Chambers during a public meeting. They also approved intrusive security measures, including wanding ...

Make Crime Illegal Again

News  

Monday, November 18, 2024

Make Crime Illegal Again

While less prominent than the red sweep of the nation’s electoral map and the triumph of President Donald Trump, another telling development following the 2024 elections was the number of Californians in ultra-progressive strongholds who ...

Bloomberg’s Mayors, Back in the News!

News  

Monday, November 18, 2024

Bloomberg’s Mayors, Back in the News!

Just a few short weeks ago, we wrote about Michael Bloomberg’s controversy-dogged gun control organization, Mayors Against Illegal Guns (MAIG), and how another high-ranking member of the group had been indicted for allegedly committing serious ...

Federal District Court Strikes Down IL’s “Assault Weapon” and “Large-Capacity Magazine” Bans in NRA-Supported Case

Saturday, November 9, 2024

Federal District Court Strikes Down IL’s “Assault Weapon” and “Large-Capacity Magazine” Bans in NRA-Supported Case

Today, the U.S. District Court for the Southern District of Illinois struck down provisions of the Protect Illinois Communities Act (PICA) that prohibit “assault weapons” and “large-capacity magazines” in an NRA-supported case, Barnett v. Raoul.

NRA Files Amicus Brief Arguing that Washington’s Magazine Ban Violates the Second Amendment

Friday, November 15, 2024

NRA Files Amicus Brief Arguing that Washington’s Magazine Ban Violates the Second Amendment

Today, NRA filed an amicus brief in the Supreme Court of the State of Washington in a challenge to Washington’s prohibition on magazines that hold over 10 rounds.

Missouri: AG Bailey Intervenes on County’s Assault on the Second Amendment

Friday, November 22, 2024

Missouri: AG Bailey Intervenes on County’s Assault on the Second Amendment

Missouri’s Attorney General Andrew Bailey took immediate action to stop the erosion of the Second Amendment by a County Commission bent on restricting the rights of law-abiding citizens who either reside or traverse within its ...

Michigan: Take Action Against "Gun-Free Zone" Bills Today!

Friday, November 15, 2024

Michigan: Take Action Against "Gun-Free Zone" Bills Today!

Yesterday, the Senate Committee on Civil Rights, Judiciary, and Public Safety SB 857 and SB 858 with amendments and the bills will now be eligible for votes on the Senate floor. Please use the take action button below and ...

Pro-Second Amendment Bills Pre-Filed For Texas' 2025 Legislative Session

Friday, November 22, 2024

Pro-Second Amendment Bills Pre-Filed For Texas' 2025 Legislative Session

Last week your NRA reported on a laundry list of extreme anti-Second Amendment bills pre-filed in advance of the 2025 Texas legislative session, including red flag gun confiscation schemes, bans on private firearms transfers, limits ...

Kamala for Gun Confiscation: In Her Own Words

News  

Monday, September 16, 2024

Kamala for Gun Confiscation: In Her Own Words

During the September 10 presidential debate, President Donald Trump correctly highlighted Democratic presidential nominee Kamala Harris’s support for gun confiscation. A visibly defensive Harris claimed, “We're not taking anybody's guns away. So stop with the ...

MORE TRENDING +
LESS TRENDING -

More Like This From Around The NRA

NRA ILA

Established in 1975, the Institute for Legislative Action (ILA) is the "lobbying" arm of the National Rifle Association of America. ILA is responsible for preserving the right of all law-abiding individuals in the legislative, political, and legal arenas, to purchase, possess and use firearms for legitimate purposes as guaranteed by the Second Amendment to the U.S. Constitution.