How much money is spent on religion every year?

How much money is spent on religion every year?

“Religion contributes about $1.2 trillion of socioeconomic value annually to the U.S. economy. That is equivalent to being the world’s 15th-largest national economy.” Religious congregations — churches, synagogues, mosques, temples and chapels — of every denomination add $418 billion annually to the American economy.

How much does Christianity make a year?

The total income of Christians in the U.S. is $5.2 trillion annually, which is almost half the world’s total Christian income (Health Research Funding). Within the U.S., the potential for greater giving is high because so many are blessed with the resources to do so.

How much wealth does religion have?

According to a study from 2015, Christians hold the largest amount of wealth (55% of the total world wealth), followed by Muslims (5.8%), Hindus (3.3%), and Jews (1.1%).

How much money is Christianity worth?

It said the total wealth held by Christians stood at $ 107,280 billion, which account for over 55 per cent of worldwide wealth, followed by Muslims at the second place with wealth of $ 11,335 billion (5.8 per cent) and Hindu ($ 6,505 billion, 3.3 per cent).

Is religion good for the economy?

Religious practice is an efficient and effective catalyst of socio-economic growth. In the United States religious organizations produce substantial economic revenue, provide substantial social capital through its civic and social networks, and foster human capital growth in its citizens.

Is religion the biggest business in the world?

Religion annually contributes about $1.2 trillion dollars of socio-economic value to the United States economy, according to a 2016 study by the Religious Freedom & Business Foundation. That is equivalent to being the world’s 15th-largest national economy, outpacing nearly 180 other countries and territories.

What church is the richest?

Religious organizations

How much does the church industry make?

Church Giving Tops $50 Billion A Year In U.S.—And Its Future Is Not A Collection Plate.

How much do you give to religion?

You give religions more than $82.5 billion a year This is Joel Osteen. You helped pay for his house. (The Washington Post) By Dylan Matthews August 22, 2013 By Dylan Matthews August 22, 2013 Share Matt Yglesias thinkswe ought to start taxing churches.

How much does religion contribute to the US economy?

This might blind us to the fact that religion is a significant source of America’s economic and social strength. Religion annually contributes about $1.2 trillion dollars of socio-economic value to the United States economy, according to a 2016 study by the Religious Freedom & Business Foundation.

How much do congregations spend on their operations?

Each year congregations spend $84 billion on their operations, ranging from paying hundreds of thousands of personnel, to paying for goods and service as diverse as flowers, sounds systems, maintenance and utilities. Almost all is spent right in the local community.

How much did the Catholic Church spend in 2010?

According to The Economist, the Catholic church spent $171.6 billion in 2010. I haven’t read the whole thing, but it seems to be a rather one-sided article, and little information is given about how they calculated the figure of $171.6bn, other than this: