America’s Gun Economy, By the Numbers

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The shooting in Newtown, Conn., that killed six adults and 20 children on Friday has once again refocused the nation’s attention on guns and gun control. Below are numbers to give some sense of the size and scope of the gun industry in America, the federal government’s involvement in regulating that industry, and the political and economic factors that are likely to drive the debate in the weeks and months ahead.

The Gun Economy
47% Percentage of Americans who say they have a gun in their home or elsewhere on their property, according to Gallup, the highest reported number in two decades

$6 billion Estimated revenue generated by the gun and ammunition industry in the U.S., according to an analysis by business research firm Hoovers
310 million Estimated number of firearms in the U.S., according to the federal government, which includes 114 million handguns, 110 million rifles, and 86 million shotguns

209,750 Number of jobs related to the firearm industry in 2012, according to the National Shooting Sports Foundation, which estimates that $9.8 billion in annual wages are earned annually

30% Percentage increase in employment in the industry between 2008 and 2011, according to the National Shooting Sports Foundation

Read more: http://business.time.com/2012/12/18/americas-gun-economy-by-the-numbers/#ixzz2FPNnPe9J

17-to-1 Ratio of gun-rights lobbyist spending to gun control lobbyist spending in 2011, according to opensecrets.org and an analysis by Republic ReportGun rights groups spent $4,212,996; gun control groups spent $240,000.

$14 million Amount of money the National Rifle Association spent during the 2012 election in an attempt to defeat President Obama, according to The New York Times

47,856 Number of people who have been killed in the U.S. by firearms between 2006 and 2010, according to the FBI

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