Economic Impact of the United States Horse Industry*
As a large, economically diverse industry, the United States horse industry contributes significantly to the American economy. The following statistics are from the American Horse Council Foundation’s 2005 National Economic Impact Study.
The horse industry contributes approximately $39 billion in direct economic impact to the U.S. economy, and supports 1.4 million jobs on a full-time basis. When indirect and induced spending are included, the industry’s economic impact reaches $102 billion.
Some key industry statistics and economic indicators:
Estimated number of horses in the U.S.
Estimated number of horses by activity
Other- 1,752, 439
Estimated number of horses by breed
Quarter Horse- 3,288,203
Estimated number of horses in each of the 50 states
Texas (1 million), California (700,000) and Florida (500,000) are the leading horse states
45 of 50 states have at least 20,000 horses
Direct, indirect and induced economic impacts of the industry in U.S.
Contributions to the Gross Domestic Product (GDP)
$102 billion via direct, indirect and induced spending
Number of Full-Time Equivalent (FTE) jobs produced
Fifteen state breakouts are also available. Each of which examines the economic impact the horse industry has in their respective state.
The states available are: California, Colorado, Florida, Indiana, Kentucky, Louisiana, Maryland, Missouri, Ohio, Oklahoma, New Jersey, New Mexico, New York and Wyoming
Also available is American Horsepower, an 18-page booklet that highlights the facts and figures from the full national study.
*Please note, the following statistics may be used for informational purposes only, and credit must be given to the American Horse Council Foundation for use in articles online or in print. If you have any questions, please contact the AHC at email@example.com