The Hardwood Economic Impact Study
NHLA is proud to announce our involvement with the recent Hardwood Industry Economic Impact Study published by the Hardwood Federation. NHLA contributed $20,000 to the study, which shows that the hardwood industry employs nearly 21 million people and contributes $394 billion to the U.S. economy.
Key Findings:
-
In 2016, the United States hardwood product output was valued at $135.6 billion
-
The economic “ripple effects” of these hardwood products supported:
- $348.1 billion in economic output
- $156.9 billion in gross domestic product
- 1,834,670 jobs in the national economy
Learn more about the economic impact of the hardwood industry, including information on a state-by-state basis, by clicking below.