AMERICAN HORSE COUNCIL NEWS
NATIONAL ECONOMIC IMPACT OF THE U.S. HORSE INDUSTRY
The horse industry is a very large and important part of our national, state and local economies. It is diverse, involving agriculture, business, sport, gaming, entertainment and recreation.
The economic study done by Deloitte Consulting LLP for the American Horse Council Foundation in 2005 validates what the industry has known for some time, that the horse industry is a highly-diverse, national, serious and economically significant industry that deserves the attention of the general public, the media and federal, state and local officials. (Please note that all figures are accurate from the time the study was done and may have changed slightly)
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Highlights of the national study include:
There are 9.2 million horses in the United States.
4.6 million Americans are involved in the industry as horse owners, service providers, employees and volunteers. Tens of millions more participate as spectators.
2 million people own horses.
The horse industry has a direct economic effect on the U.S.of $39 billion annually.
The industry has a $102 billion impact on the U.S.economy when the multiplier effect of spending by industry suppliers and employees is taken into account. Including off-site spending of spectators would result in an even higher figure.
The industry directly provides 460,000 full-time equivalent (FTE) jobs.
Spending by suppliers and employees generates additional jobs for a total employment impact of 1.4 million FTE jobs.
The horse industry pays $1.9 billion in taxes to all levels of government.
Approximately 34% of horse owners have a household income of less than $50,000 and 28% have an annual income of over $100,000. 46% of horse owners have an income of between $25,000 to $75,000.
Over 70% of horse owners live in communities of 50,000 or less.
There are horses in every state. Forty-five states have at least 20,000 horses each.
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