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Talking Points

A snapshot of Houston's demographic and economic growth for a quick reference guide of the regional economy | Q4/24
Published on 10/16/24
Talking Points Handout Q4-24

POPULATION AND DEMOGRAPHICS

  • 7.5 million people live in the ten-county Houston-Pasadena-The Woodlands MSA.
  • The Houston metro is the nation's fifth most populous metro area.
  • Metro Houston ranks between Arizona and Washington by population.
  • Nearly 1 in 4 Houstonians are foreign-born.
  • The City of Houston has 2.3 million residents, the fourth most in the U.S.

Source: U.S. Census Bureau, 2023 American Community Survey, 2023 Population Estimates

GLOBAL PRESENCE

  • Fifteen foreign governments maintain trade and commercial offices in Houston, and the region has 39 active foreign chambers of commerce.
  • Cargo activity at the Houston Ship Channel supported 1.5 million direct, indirect, and induced jobs across the state of Texas.
  • Houston’s two international airports service 186 nonstop destinations, including 118 domestic and 68international.
  • The Houston-Galveston Customs District handled $362.1 billion in trade in '23, $124.8 billion in imports and $238.3 billion in exports.
  • Port Houston is the busiest container port on the Gulf Coast.
  • Over 5,000 Houston companies are doing business abroad.
  • More than 1,700 Houston companies report foreign ownership.
  • Seventeen foreign banks from nine nations are located in Houston.

ECONOMY 

  • If Houston were an independent nation, the region would have the 25th largest economy in the world, ranking between Poland and Argentina.
  • Since 2017, real GDP in the Houston region has grown at a compound annual growth rate of 1.7 percent.

  • Houston is the seventh-largest metro economy in the U.S.
  • Twenty-four Fortune 500 companies are headquartered in Houston, the third most among U.S. metros.

EMPLOYMENT

  • There are 3.4 million jobs in the Houston MSA.
  • The Health, Education, and Business & Professional Services industries account for over 1 in 4 jobs in the region.
  • The goods-producing sector accounts for nearly 1 in 6 jobs.

INDUSTRIES

  • The Texas Medical Center is the world's largest medical complex

Digital Technology & Innovation

  • Houston is home to 9,300 tech-related firms, including more than 1,000 venture-backed startups.
  • Houston employs more than 87,400 workers in computer and mathematical occupations.  
  • Nearly 72,220 engineers, architects, and related techs work in Houston. 

Aerospace

  • Houston’s Johnson Space Center (JSC) has served as mission control for U.S. space exploration and astronaut training since 1961.
  • More than 500 aviation and aerospace-related companies operate in Houston, including Boeing, Lockheed Martin, and Northrop Grumman.
Economy Demography
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