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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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United Nation’s Attack on Ammunition Formally Begins

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Monday, July 7, 2025

United Nation’s Attack on Ammunition Formally Begins

The recently concluded negotiations on the United Nations’ Global Framework on Through-Life Conventional Ammunition Management (Framework) should be of grave concern to anyone who values the constitutional protections afforded by the Second Amendment. 

U.K. Embarks on Fresh Knife Amnesty, Reminds Americans Why 1776 was a Good Idea

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Monday, July 7, 2025

U.K. Embarks on Fresh Knife Amnesty, Reminds Americans Why 1776 was a Good Idea

It has been a while since we’ve looked at weapon news from across the pond, but with Americans everywhere having just celebrated the Glorious Fourth and our independence from British monarchy, the timing seems particular ...

NRA and 2A Allies Announce NFA Lawsuit

Monday, July 7, 2025

NRA and 2A Allies Announce NFA Lawsuit

Following the passage of the “One Big Beautiful Bill”—which eliminates the National Firearms Act of 1934’s (NFA) excise tax on suppressors, short-barreled rifles, short-barreled shotguns, and AOWs—the National Rifle Association issued a joint statement along with the ...

President Trump Signs the “One Big Beautiful Bill Act” into Law

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Friday, July 4, 2025

President Trump Signs the “One Big Beautiful Bill Act” into Law

Earlier today, on the 4th of July, a day on which our Founding Fathers declared their intent for a free nation, the President of the United State of America, Donald Trump, signed the “One Big ...

U.S. House Passes Reconciliation Bill, Removing Suppressors from the National Firearms Act

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Second Amendment  

Thursday, May 22, 2025

U.S. House Passes Reconciliation Bill, Removing Suppressors from the National Firearms Act

Earlier today, the U.S. House of Representatives passed H.R.1 the One Big Beautiful Bill Act, which included Section 2 of the Hearing Protection Act, completely removing suppressors from the National Firearms Act (NFA).

Congress Passes the “One Big Beautiful Bill,” Now Headed to President Trump

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Thursday, July 3, 2025

Congress Passes the “One Big Beautiful Bill,” Now Headed to President Trump

Earlier today the U.S. House of Representatives passed the “One Big Beautiful Bill.” This bill contained a provision that would, among other things, eliminate the burdensome $200 excise tax imposed by federal law on suppressors, short-barreled firearms, ...

Maine: Public University Professor Belittles Student for 2A and Religious Views

Wednesday, July 2, 2025

Maine: Public University Professor Belittles Student for 2A and Religious Views

Maine's public education system has recently faced national scrutiny, and it appears things are only getting worse, not better, in the Pine Tree State. 

Progress in the Fight to Protect the Firearms Industry and Gun Owners from Financial Discrimination

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Monday, July 7, 2025

Progress in the Fight to Protect the Firearms Industry and Gun Owners from Financial Discrimination

In June, the American firearms industry lodged a resounding victory against attempts by gun control advocates to put it out of business with frivolous lawsuits when the U.S. Supreme Court issued its 9-0 ruling in Smith & Wesson ...

HAPPY 100TH BIRTHDAY, NORRIS N. JERNIGAN!

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Monday, July 7, 2025

HAPPY 100TH BIRTHDAY, NORRIS N. JERNIGAN!

As we celebrate this remarkable milestone for this remarkable man, we honor the life and legacy of Norris N. Jernigan, a World War II veteran who served in the intelligence office with the 393rd Bomb Squadron of the ...

Maine: Lawmakers Call for Anti-2A Progressive Professor to Be Fired

Tuesday, July 8, 2025

Maine: Lawmakers Call for Anti-2A Progressive Professor to Be Fired

In case you missed the media firestorm last week, a progressive professor at Eastern Maine Community College in Bangor, Maine, has come under fire for her emails belittling a student for her religious beliefs and views ...

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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.