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Our Economic Impact

Across the United States, The Home Depot operates more than 2,000 retail stores and employs over 400,000 associates. The company’s eight core values, defined by its founders, are a framework not only for running a successful business but also for serving The Home Depot’s customers and associates, while fostering growth in the communities where we do business. 

In the words of Ted Decker, Chair, President & CEO, “We know that when we invest in running a responsible, sustainable company, we make our business stronger, more agile, and more resilient.” 

The Home Depot’s vast downstream impact illustrates this commitment. That impact includes significant job creation and workforce development, helping our Pro customers grow their businesses, connecting customers with trusted home services providers, working with small and diverse suppliers, and supporting our communities. The Home Depot engaged PwC to quantify this impact at the national and state levels for FY2022 by using PwC’s well-established input-output model of economic analysis.  

By the Numbers:

We’re proud to share our economic impact to the U.S., including:

  • THD directly provided over 400,000 jobs for American workers and paid out billions of dollars in wages, salaries and fringe benefits; the company generated $35 billion in GDP.
  • Each Home Depot job supports more than four additional jobs across the U.S., which is more than twice the retail average.
  • THD’s direct tax impact, including taxes paid by THD, collected on its sales and paid by its employees in income taxes, totaled more than $22 billion in 2022.
  • The Home Depot directly paid about 1% of total net corporate income taxes collected by the U.S. government in 2022.
  • Per PwC’s IMPLAN system, the ecosystem of jobs and commerce created by The Home Depot contributed $60 billion of tax impact at the federal, state and local level​.

Using the map below, click on a state to learn more about THD’s:

  • Total Economic Impact – Including our direct contribution to the GDP and total tax impact
  • Workforce Support – Such as associates employed and additional job creation
  • Enabled Economic Impact – The jobs, labor income, products, and tax payments created by THD’s Home Services business and Pro customers
  • Footprint – The brick-and-mortar stores, warehouses, and/or offices that make up our physical presence
  • Supplier Relationships – The number of local vendors with which we do business
  • Philanthropic Efforts – How we give back through our Foundation’s grant awards and our associates’ “sweat equity”

Source: PwC calculations using the IMPLAN modeling system. All numbers are rounded approximations and reflect FY2022 data unless indicated otherwise.