Economic Impact

Key Economic Impact Statistics

  • Mirroring the impacts to our workforce, the industry’s revenues experienced a decline in 2020. Between 2019 and 2020, the total industry revenues dropped 2.8 percent to $874 billion, with the supply chain feeling a far greater burden at a loss of more than 3 percent.

 

  • End-use manufacturers accounted for 56% of total sales while the industry’s supply chain accounted for the remaining 44% of sales, maintaining the proportional breakdown seen in 2019.

 

  • Though suffering significantly from the pandemic, the industry continues to boast impressive contributions to the American economy. In 2020, the A&D industry’s sales activity contributed 18.8 percent of all non-food manufacturing revenue in the nation. Additionally, the industry accounted for 1.8 percent of total U.S. GDP, a figure of around $382 billion.

Additional Resources