Economic impact study
YOU’VE BEEN PATIENTLY WAITING – AND NOW ITS FINALLY HERE!
The findings of the highly-anticipated 2023 Equine Economic Impact Survey have been officially released by the American Horse Council (AHC). The results shed light on the significant and robust contributions of the equine industry to the U.S. economy. The survey offers a comprehensive overview of the economic impact and trends within the equine sector and highlights how it reaches far beyond the pastures and ranch land across the country.
2023 National Economic Impact Study APPENDIX
The American Horse Council Foundation is pleased for the first time to offer this technical appendix and consumer data report as part of the National Economic Impact Study.
This report includes:
- Detailed tables from our initial analysis that were not included in the National Economic Study
- Responses to questions contained in the AHC Economic Impact Study “Horse Owner Survey” but were not data points needed for the Economic Analysis. Nonetheless, these provide great insights into trends and consumer purchasing decisions.
- Other tables related to independent surveys we did concerning equine academia and equine welfare organizations.
This product is the appendices for the 2023 National Impact Study and does NOT include a copy of the 2023 National Economic Impact Study which can be purchased separately.
2023 ECONOMIC IMPACT OF THE HORSE INDUSTRY IN THE USA
$177 BILLION
Added to the Economy
2.2 MILLION JOBS
Total Economic Impact
$122 BILLION
Salaries, Wages, & Benefits
6.65 MILLION
Horses in the United States
2 MILLION
Industry Volunteers
$12.5 MILLION
Acres of land owned or
leased for horse related purposes
62%
Of horse owners own or lease property
TOP THREE STATES
#1
#2
#3
2023 ECONOMIC IMPACT OF THE HORSE INDUSTRY SECTORS
RACING
Total Impact: $36.4 Billion
Supports 491,232 total jobs
Adds $16 billion in direct value to the economy
RECREATION
Total Impact: $36.7 Billion
Supports 466,969 total jobs
Adds $14.5 billion in direct value to the economy
COMPETITION
Total Impact: $37.3 Billion
Supports 486,820 total jobs
Adds $15.6 billion in direct value to the economy
TRADITIONAL WORK HORSES
Total Impact: $6.4 Billion
Supports 86,223 total jobs
Adds $2.6 billion in direct value to the economy
EQUINE ASSISTED
SERVICES
Total Impact: $9.21 MILLION
Supports 14,971 total jobs
Adds $810 Million in direct value to the economy
EQUINE RESCUES &
SANCTUARIES
Total Impact: $325 MILLION
Supports 4,681 total jobs
Adds $139 Million in direct value to the economy