|Economic Impact of the Horse Industry on the U.S. Economy
||Number of Americans Involved in the Horse Industry
||Number of Full-Time Jobs Provided by the Horse Industry
||Number of Horses
||Total Taxes Paid
The horse industry directly produces goods and services of $25.3 billion and has a total impact of $112.1 billion on U.S. gross domestic product. Racing, showing and recreation each contribute more than 25% to the total value of goods and services produced by the industry.
The industry's contribution to the U.S. GDP is greater than the motion picture services, railroad transportation, furniture and fixtures manufacturing and tobacco product manufacturing industries. It is only slightly smaller than the apparel and other textile products manufacturing industry.
In terms of employment, the industry directly employs more people than railroads, radio and television broadcasting, petroleum and coal products manufacturing and tobacco product manufacturing.
The horse industry has a direct economic effect in the urban areas of $2.8 billion and employs 45,800 FTE employees. In rural areas, the direct economic effect is $22.5 billion and employs 292,700 FTE employees.
How Many Horses are There?
There are 6.9 million horses in the U.S., including both commercial and recreational horses. 725,000 of those horses are involved in racing and race horse breeding, while 1,974,000 and 2,970,000 are used in showing and recreation, respectively. 1,262,800 are used in other activities, such as farm and ranch work, rodeo, polo, police work, etc.
How Many People are Involved in the Industry?
7.1 million Americans are involved in the industry as horse owners, service providers, employees and volunteers. 3.6 million and 4.3 million of those participated in showing and recreation, respectively, with some overlap in cases of people who participate in both activities. 941,000 people participated in racing in either a professional or volunteer capacity. 1.9 million people own horses. In addition to the people actually involved in the industry, tens of millions more Americans participate as spectators.
The horse industry is a diverse, broad-based activity with stakeholders including large numbers of recreational and show horse riders, and moderate-income track, show and stable employees and volunteers. The median income for all U.S. households is $36,000, while the median income for horse owning households is $60,000. 14% of horse-owning households have incomes under $25,000, 38% under $50,000 and 64% under $75,000.
Number of Horses & Participants by Activity
||No. of Horses
||No. of Participants
*Includes farm and ranch work, police work, rodeo and polo.
**The sum of participants by activity does not equal the total number of participants because individuals could be counted in more than one activity.
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