US Arms Industry

The United States' defense industry significantly contributes to its economy through various channels:

Overall Defense Spending: In 2023, the U.S. allocated approximately $916 billion to its military, accounting for about 3.4% of its Gross Domestic Product (GDP).

Aerospace and Defense Industry: The American aerospace and defense (A&D) sector generated $425 billion in economic value in 2023, representing 1.6% of the nation's nominal GDP.

Firearms and Ammunition Industry: This sector contributed $90.06 billion to the U.S. economy in 2023.

Arms Sales: The top 100 arms-producing and military services companies worldwide reported combined sales totaling $592 billion in 2021, the most recent year for which data is available.

These figures illustrate the substantial role of arms and weapons sales in the U.S. economy, encompassing direct defense spending, industry-specific contributions, and global arms sales.

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