2014 Pulitzer Prize Winner

Beer sales contribute to economy

Published: July 2, 2014, 10:24 pm, by Monica Mendoza

 

 

Summer_Beer_Economy_Infographic

It’s just as I’ve suspected: beer is an economic driver.

 

In two separate reports released Wednesday, one said that beer is the preferred choice over all other alcohol beverages with more than 38 million American households expected to buy beer this summer.

 

A second report said the number of U.S. breweries more than doubled between 2007 and 2012 making beer a contributor to the economy.

 

So here are some beer economy facts:

 

In the 15 weeks between Memorial Day and Labor Day in 2013, beer and malt beverage sales topped $11 billion, making it one of the largest selling categories of all food and beverage channels according to Andrea Riberi, senior vice president at Nielsen.

 

According to an economic study jointly commissioned by the Beer Institute and the National Beer Wholesalers Association in 2012, U.S. brewers and beer importers support an industry that puts more than 2 million Americans to work.

 

Beer contributed $246.6 billion to America’s economy and generated $49 billion in local, state and federal taxes. More than 40 percent of what consumers pay for a beer goes to taxes, making taxes the most expensive ingredient in beer today.

  

The number of U.S. breweries more than doubled — from 398 to 869 — between 2007 and 2012, according to U.S. Census Bureau data released today from the 2012 Economic Census Industry Series. The breweries industry reported $28.3 billion in shipments in 2012, an increase of nearly 33.6 percent since 2007.

Employment in the breweries industry climbed over the five-year span — rising to 26,077 employees in 2012, up by 3,825 or 17.2 percent, from 22,252 in 2007.