The Recession-Proof Fireworks Industry

A blog about business and economics.
July 3 2012 12:23 PM

The Recession-Proof Fireworks Industry

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Fireworks in Kiev

Photo by SERGEY POLEZHAKA/AFP/GettyImages

The American Pyrotechnics Association is proud to tell you that 1998-2011 have been great years for the U.S. fireworks industry (PDF), with even the Great Recession doing little to dent America's enthusiam for explosions:

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Unfortunately even if we round up to $1 billion in total annual fireworks sales, that still adds up to  less than 0.001% of America's GDP.

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.