Amazon has released its 2024 economic impact report, detailing the company's contributions to job creation and economic opportunities across the United States. The report was developed in collaboration with Keystone Strategy and Amazon's internal economists.
According to Amazon, the company has contributed over $1 trillion to the U.S. economy, supporting GDP growth. It supports nearly 5 million jobs nationwide, including direct employment and jobs created through investments in local communities. Additionally, Amazon's marketplace enables over 1.8 million people to be employed by small and medium-sized businesses that sell on its platform. The company's investments in rural areas and small towns have also contributed to job creation and economic growth in those regions.
Since 2010, Amazon has invested $43 billion in Kentucky, significantly contributing to the state's economy. This investment has added $39 billion to Kentucky's GDP and created 22,000 full- and part-time jobs as of January 2024. The company also supports over 50,300 indirect jobs based on U.S. Bureau of Economic Analysis methodology. Furthermore, Amazon supports more than 3,000 independent sellers in Kentucky, many of which are small and medium-sized businesses. Key investments include fulfillment centers, delivery stations, an air hub, Whole Foods Market locations, solar farms, and a solar location.
Amazon provides a variety of services such as online shopping, delivery of fresh produce, media distribution through devices like Alexa and Fire TV, and cloud solutions via Amazon Web Services (AWS). Its operations encompass logistics and customer service while delivering entertainment through platforms like Amazon Originals, Prime Video, and Audible.