Be the most informed person in the room with Newsy's free e-newsletter

View our privacy policy: http://www.newsy.com/privacy/

Religion Is Worth A LOT To The Economy

It's more than Apple and Microsoft make in a year –– combined.
SMS

How much is religion worth? More than Apple and Microsoft make in a year –– combined.

recent study of the U.S. faith economy found religious goods, services and institutions are worth $1.2 trillion a year.

Religion might affect America's economy more than you realize. Congregations alone employ hundreds of thousands of people and purchase billions of dollars in goods.

Faith-based elementary schools receive over $15 billion in tuition annually — and that doesn't include middle schools or high schools.

SEE MORE: Return Of The Jedi? 64,000 Australians Claim Jedi Is Their Religion

Kosher and halal food sales account for almost another $15 billion. The study's authors didn't include holiday-centered food sales, either –– like your usual Christmas dinner menu. That would dramatically increase the faith economy's worth.

Religious health care networks also bring in over $160 billion each year.

And 20 of America's 50 largest charities are faith-based –– accounting for another $45 billion.

The researchers acknowledged their $1.2 trillion estimate is actually a conservative one. Their figure didn't account for the value of religious groups' physical or financial assets, which could make the estimate significantly bigger.

Featured Stories
The White House

How The White House Prepares For The Next President

A performer riding an elephant.

'The Greatest Show On Earth' Is Ending

French President Francois Hollande addressing conference on peace in the Middle East

France Hosts Israel-Palestine Peace Talks Without Israel Or Palestine

Want to see more stories like this?
Like Newsy on Facebook for More Religion Coverage