Christianity contributes about $1 trillion to U.S Economy Annually – almost equivalent to being the world’s 15th largest national economy.
The value of the U.S Christian nation is ahead of about 180 other countries globally.
The study that revealed these inspiring statistics was carried out bytes authors: Brian Grim, an associate scholar with Georgetown University’s Berkley Center for Religion, Peace and World Affairs, and his daughter Melissa Grim, a research fellow at the Newseum.
These figures were arrived at when they used annual reports from religious organizations and other national data from 2014 in the U.S.
One of their methods was summing up the annual tuition paid to religious schools in order to estimate the economic worth of faith-related educational institutions.
In total, the study revealed that religion (Christianity and other faiths) annually contributes nearly $1.2 trillion of socio-economic value to the U.S. economy.
Christians represent 65% of the total adult population of the U.S while 26% of the population have no formal religious identity. Hinduism, Buddhism, and Islam all have 1% each while Judaism has 2%.
The Christian group is divided into 43% Protestants, 20% Catholics, and 2% as Mormons.
If the Christian population is 65% and Hinduism, Buddhism, Islam, and Judaism make 5%, it is safe to say Christianity contributes over $1 Trillion to the U.S economy every year. This is more than the annual revenues of the world’s top 10 tech companies, including Apple, Amazon, and Google.
It is also more than 50% larger than that of the annual global revenues of America’s 6 largest oil and gas companies. So, you might say, that represents a lot of spiritually inspired fuel being pumped into the U.S. economy.
The contribution of religion to the U.S economy is in three categories:— Congregations: $418 billion, religious institutions: $303 billion, and faith-based businesses: $437 billion.
It was reported that each year congregations spend $84 billion on their operations ranging from paying hundreds of thousands of personnel to paying for goods and services as diverse as flowers, sound systems, maintenance, and utilities.
Additionally, schools attached to congregations employ 420,000 full-time teachers and train 4.5 million students each year. By comparison, this is the same number as the total population of Ireland or New Zealand.
Christian congregations in the U.S provide 130,000 alcohol recovery programs such as The Saddleback Church’s “Celebrate Recovery” program that has helped over 27,000 individuals over the past 25 years.
The Church of Jesus Christ of Latter-day Saints has employment service centers in each of their stakes across the country and across the world. They provide 120,000 programs to help the unemployed. Reports confirmed that nearly 26,000 congregations are engaged in some form of active ministry to help people living with HIV-AIDS.
Data show that congregations overwhelmingly involve in a society-building, outward community focus, with over 320,000 congregations helping to recruit volunteers for programs outside their walls, to non-religious groups, ranging from Big Brothers and Big Sisters to the United Way and the American Red Cross. A Christian congregational school impacts individuals who then impact the community for good.
St. Benedict’s Prep readies 530 mostly poor, mostly minority boys for college and beyond – in an area where public schools are working hard just to keep young men from ending up in gangs or in jail, or dead, St. Benedict’s sends 95% of its graduates to college, including a sizable number to Ivy League schools. Some of the graduates, such as Uriel Burwell, return to make an impact. Upon graduating from Drew University, Uriel returned to his childhood neighborhood to build 50 new affordable houses, rehabilitate more than 30 homes, and attracted more than $3 million in funding to build additional affordable homes and apartments in the area.
Additionally, religiously affiliated charities, health care facilities, and institutions of higher learning are also doing lots of good works every day, which made up the $303 billion mention earlier