NEWS & INSIGHTS

Ahead of Memorial Day, New Beer Industry Report Boasts $409 Billion in Economic Impact

May 22, 2023

By The Beer Institute

WASHINGTON – Ahead of Memorial Day weekend and the start of the summer selling season, the Beer Institute and the National Beer Wholesalers Association (NBWA) released their biennial Beer Serves America report today on the economic impact and importance of the American brewing industry. The study found that the U.S. beer industry now supports nearly 2.4 million local jobs and contributes more than $409 billion to our economy – equivalent to 1.6% of GDP. The beer industry also pays more than $132 billion in wages and $63.8 billion in taxes.

These economic figures represent substantial growth in the two years since the beer industry conducted the 2020 Beer Serves America study, which provided a snapshot of the significant pandemic challenges facing the hospitality industry and manufacturers. Since the last Beer Serves America report, the industry has expanded significantly, with an uptick of $78 billion in economic impact while adding nearly 400,000 new beer industry jobs across the country. The beer industry leads the rest of the alcohol industry in economic impact and job footprint, and beer remains America’s favorite alcohol beverage.

Of the nearly 2.4 million jobs the beer industry supports, these jobs fall in a multitude of labor sectors across the country. That includes 92,159 brewer and beer importer jobs, 77,847 manufacturing jobs, 137,420 distribution jobs, 52,220 agricultural jobs and 979,805 retail jobs.

Read more and see the original here.