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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.

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“Crime Impacted” Chicago Resident Told, Defend Yourself, Get a Gun

News  

Tuesday, May 28, 2024

“Crime Impacted” Chicago Resident Told, Defend Yourself, Get a Gun

A Chicago mother who called 911 after two masked men broke into her home reportedly had to wait more than four hours before police officers arrived. 

Hard Questions, But Few Clear Answers as Congress Probes ATF Tactics and Overreach

News  

Tuesday, May 28, 2024

Hard Questions, But Few Clear Answers as Congress Probes ATF Tactics and Overreach

The Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) suffered two bruising days on Capitol Hill last week during oversight hearings attempting to get to the bottom of a fatal raid and other recent enforcement ...

NRA Scores Legal Victory Against ATF; “Pistol Brace Rule” Enjoined From Going Into Effect Against NRA Members

Monday, April 1, 2024

NRA Scores Legal Victory Against ATF; “Pistol Brace Rule” Enjoined From Going Into Effect Against NRA Members

NRA Members Among the Largest Class Protected from Draconian Rule

Paradise Lost: Efforts Intensify for Justice in Turks and Caicos

News  

Tuesday, May 28, 2024

Paradise Lost: Efforts Intensify for Justice in Turks and Caicos

Recently, we published a warning for gun owners traveling to the Turks and Caicos Islands, a British territory in the Caribbean and a popular destination for U.S. tourists. 

Not a Trace of Truth from The Trace

News  

Tuesday, May 28, 2024

Not a Trace of Truth from The Trace

The Trace, a Michael Bloomberg-funded propaganda mill that masquerades as a “media” outlet, has been churning out lies about the Second Amendment and gun laws for nearly a decade. In April, this “newsroom” of anti-gun ...

NRA Files Amicus Brief with U.S. Supreme Court Supporting American Firearms Manufacturers in Lawsuit Brought by Mexico

Wednesday, May 22, 2024

NRA Files Amicus Brief with U.S. Supreme Court Supporting American Firearms Manufacturers in Lawsuit Brought by Mexico

Fairfax, Virginia – Today, NRA filed an amicus brief with the United States Supreme Court in Smith & Wesson Brands, Inc. v. Estados Unidos Mexicanos.

Anti-Gun Democrats’ (Yet Again) Unable to Hide Their Contempt for Ordinary Americans

News  

Tuesday, May 21, 2024

Anti-Gun Democrats’ (Yet Again) Unable to Hide Their Contempt for Ordinary Americans

It has become a tradition in recent elections for anti-gun Democrats to condescendingly refer to opposition voters as too stupid and bigoted to act in their own best interests. 

Bob Barr Elected NRA President, Doug Hamlin Elected to Serve as NRA Executive Vice President & CEO

News  

Monday, May 20, 2024

Bob Barr Elected NRA President, Doug Hamlin Elected to Serve as NRA Executive Vice President & CEO

Today, the Board of Directors of the National Rifle Association of America elected former U.S. Congressman Bob Barr as President of the NRA and Doug Hamlin as NRA Executive Vice President & CEO. The meeting ...

Rhode Island: House Expected To Vote on Mandatory Storage Bill This Week

Tuesday, May 21, 2024

Rhode Island: House Expected To Vote on Mandatory Storage Bill This Week

Anti-gun politicians in the Rhode Island House are planning to pass yet another infringement on your constitutional rights this week.

New York: Senate Majority Democrats Moving More Gun Control in Albany This Week

Monday, May 20, 2024

New York: Senate Majority Democrats Moving More Gun Control in Albany This Week

Although New York has some of the strictest gun control laws in the country, anti-gun politicians continue to come up with more bad ideas. 

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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.