Houston Economy

Houston Economy

Houston's Economy

Houston is an undisputed leader in domestic and international business, with economic and cultural ties reaching across the globe. The Partnership offers an array of services to businesses wishing to expand or relocate in the area.

The region benefits from a skilled workforce, making it an ideal location for companies seeking the right employee to do the jobs of today and the future. Houston also has one of the world's greatest concentrations of engineering talent generated from its energy, aerospace and medical clusters.

GHP's Research Team

The award-winning GHP Research staff is the premier expert on Houston’s economy and the go-to resource for our Members and the media along with our public and private allies.


Quick View

Please take advantage of our four main documents below; Economy At A Glance, Key Economic Indicators, Houston Briefs and Annual Forecast.

Glance
Economy At A Glance
KEI(data)
Key Economic Indicators
Briefs
Houston Briefs: Talking Points
Forecasts
Employment & Population

Houston Facts & Figures

Demographics

Quite simply, Houston means success. The Houston region has everything your company needs - from a workforce of more than 2.7 million to a reputation as a fast-growing technology center.

General Overview

Houston is ready-made for business success. World-class infrastructure, welcoming business networks, and a can-do spirit among Houstonians, combined with a broad range of business resources, supports companies wishing to expand or relocate in the area.


Energy

Houston is known as the "Energy Capital of the World" with almost half of its economic activity driven by the energy industry. Houston is home to 40 of the nation’s 145 publicly traded oil and gas exploration and production firms, including 11 of the top 25 as ranked by 2011 total assets. In fact, nine more among the top 25 have subsidiaries, major divisions or other significant operations in Houston.

International Business

The Houston region is an undisputed global leader in international business, with ties reaching all over the globe. The 9-county region's geographic location makes it an easily-accessed portal to the global marketplace.


Real Estate

With a booming economy, Houston’s residential and commercial real estate options are numerous. Office space is available at attractive prices and Houston has one of the largest concentrations of industrial space in the nation.

Transportation

Whether by land, air, or sea, Houston offers an impressive array of logistical and distribution channels that businesses count on to meet the demands of today’s fast-paced marketplace. With a location that’s equidistant from the East and West coasts, and just hours by air from any metro area in the country, Houston is an ideal hub for companies that need national distribution for their products.


Workforce

Houston’s diverse workforce boasts a variety of skills and occupations. From medical professionals and engineers to production managers and accountants, Houston’s labor force fills 2.7 million jobs and counting. In fact, Houston has more jobs than Maryland, Arizona, or Colorado.

Metro Comparisons

Houston consistently tops the charts in metro comparisons and rankings. Houston was recently named the Top U.S. Destination City, the Top U.S. Metro by Site Selection magazine, the Top U.S. Manufacturing City, and the Best City for your Career.


Independent Research

The Partnership isn’t the only organization closely monitoring Houston’s economy. A host of universities, research institutions and agencies produce reports and analysis on the region. The best of those reports are listed below.

Custom Data

Order custom data delivered on CD or select from our many databases. Dial 713-844-3600 to order. Additional fees and taxes may apply.


2014 Houston Region Economic Outlook


Houston Economic Highlights


2013 Houston Facts



View all publications

GHP Research

GHP's award-winning research department, led by Patrick Jankowski, CCR – Vice President, Research, provides demographic, economic and business analysis for the Greater Houston Partnership. The research department conducts economic impact analysis for business relocations, special events, and regional trends, and creates proposals and materials used in the organization’s regional marketing efforts. The team oversees GHP’s state-of-the-art geographic information system (GIS), as well as manages an extensive library of historic and current economic and demographic trends, and a database consisting of 15,000 local companies and 60,000 individuals. In addition, the research team speaks to business and community groups on the state of the economy, the process of economic development, and the future of the region.

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