According to the American Horse Council, 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
[toggle_framed title=”Continue Reading” variation=”blue”]
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