Record-High Gun Industry Figures Reflect Surges in Sales and Permits

By Ammoland

Fairfax, VA – -(Ammoland.com)- The National Shooting Sports Foundation (NSSF) has recently released a report detailing the sizeable contribution the firearm and ammunition industry makes towards the economic well-being of this country.

According to “The Firearms and Ammunition Industry Economic Impact Report: 2017,” on the economic impact of the firearm industry in terms of jobs and taxes:

The overall contribution to the economy has jumped from $49.3 billion in 2015 to $51.3 billion in 2016;

• the industry generates significant tax revenues, with combined business and excise taxes of more than $6.8 billion in the last year;
• manufacturers, distributors and vendors of guns and ammunition employ over 141,000 people (FTE), with close to 160,000 additional jobs in supplier and ancillary industries; and
• 2016 saw increases over 2015 in every category listed – jobs, wages, and federal and state taxes generated.
• More generally, the economic impact of the industry between 2008 and 2016 increased from $19.1 billion to $51.3 billion, a staggering 168% change.

Not surprisingly, these figures are consistent with other positive firearm trends.

The <a class="colorbox" href="https://www.fbi.gov/file-repository/nics_firearm_checks_-_month_year.pdf/view" …Read the Rest

Source:: AmmoLand