The Kentucky horse industry produces goods and services valued at $2.3
billion.
The national
industry has a $3.5 billion impact on the Kentucky economy when the multiplier
effect of spending by industry suppliers and employees is taken into account.
Accounting for off-site spending of spectators would result in an even higher
figure.
194,300
Kentuckians are involved in the industry as horse owners, service providers,
employees, and volunteers. Even more participate as spectators.
The Kentucky horse
industry directly provides 51,900 full-time equivalent (FTE) jobs. Spending by
suppliers and employees (in Kentucky and other states) generates additional jobs
in Kentucky for a total employment impact of 96,000. There are
320,200 horses in Kentucky, over 50 percent of which are involved in
showing and recreation.
There are
9.2 million horses in the United States.
4.6
million Americans are involved in the industry as horse owners, service
providers, employees and volunteers. Tens of millions more participate as
spectators.
2 million
people own horses.
The horse
industry has a direct economic effect on the U.S.of $39 billion
annually.
The
industry has a $102 billion impact on the U.S.economy when the
multiplier effect of spending by industry suppliers and employees is taken into
account. Including off-site spending of spectators would result in an even
higher figure.
The
industry directly provides 460,000 full-time equivalent (FTE) jobs.
Spending
by suppliers and employees generates additional jobs for a total
employment impact of 1.4 million FTE jobs.
