Skip to main content

Partnership Research Releases 2022 Houston Facts

Published Sep 26, 2022 by A.J. Mistretta

Skyline of Downtown Houston

HOUSTON (September 23, 2022) – How does Houston’s economy stack up against other major cities? How does trade with countries abroad affect our economy? Is our innovation ecosystem keeping pace with other major cities? 

Those are just a few of the many questions answered in the 2022 edition of the Partnership’s Houston Facts publication. Houston Facts has presented unvarnished information about the Houston region since 1959, and its predecessor publications—under different names, but with the same objective—date back to 1906. Today, Houston Facts is a concise, comprehensive almanac for the Houston region. 

Here are a few highlights from this year’s edition, developed by the Partnership’s Research team and presented by Fifth Third Bank. 

Here are a few highlights:

Demographics

The Houston region is home to 7.2 million people and had the third largest numeric increase in population of any U.S metro between July 2020 and July 2021, according to the most recent Census figures. Houston is also home to many people who were born outside of the U.S. – nearly one in four Houstonians, or 1.65 million residents, are foreign-born. Learn more about Houston’s demographics on page 8 of the report. 

Cost of Living

When it comes to affordability, Houston is really high on the list. The region is the second most affordable major metro among the nation’s 20 most populous metropolitan areas. Our living costs are over 27 percent below the average of those 20 metro areas, and our overall living costs are 5.9 percent below the average for all U.S. metros. Housing costs are also a standout for Houston – they’re more than 53.7 percent below the average for the nation’s most populous metro areas and 18 percent below the average for all U.S. metros. Learn more about Houston’s cost of living on page 43. 

Economy

Houston has returned to pre-pandemic employment levels. Nonfarm payroll employment topped 3.2 million in July 2022. That’s 59,000 above the previous employment record set in November 2019. The recovery has been uneven though. Twelve sectors have fully recovered their pandemic losses, two sectors are close to full recovery and two sectors in particular are still struggling. Learn which ones on page 13. 

International Business 

Houston’s economy is deeply tied to global trade and foreign investment. The region has trading relationships with more than 200 countries. The Houston/Galveston Customs District handled 269.4 million metric tons in exports valued at $170.4 billion in 2021. Eighty-seven nations have consular representation in the city, ranking Houston’s consular corps third largest in the nation. 

Innovation 

Houston is a thriving hub of digital tech talent, with more than 243,400 tech workers representing 7.9 percent of the region's workforce, according to an analysis by the Greater Houston Partnership. Houston is home to 8,800 tech related firms, including more than 800 venture-backed startups. These companies have received $4.35 billion in venture capital funding over the last five years including $2.02 billion in 2021 alone, a record high for the region. In 2021, the most heavily invested industry for VC funding in Houston was information technology, which received $632.1 million across 64 deals. Health care followed, with $518.4 across 67 deals. Materials and resources came in third, with $426.5 million in funding.

Find out more about education, the energy and life sciences industries, transportation and other facets of Houston in Houston Facts
 

Related News

Economic Development

Report: Houston's Global Strengths Position Region to Navigate Trade Uncertainty

5/1/25
HOUSTON (May 1, 2025)—As evolving trade policies and geopolitical tensions create economic uncertainty in 2025, Houston enters the year with a strong foundation. According to the Greater Houston Partnership’s newly released 2025 Global Houston report, the region led the U.S. in exports last year – shipping $180.9 billion in goods, more than any other metro area. Click to expand   The report, based on 2024 data compiled prior to this year’s policy changes, highlights how Houston’s infrastructure, industrial base and deep global relationships position the region to better navigate trade disruptions.  “As the U.S. seeks fairer trade arrangements, the uncertainty is impacting some long-term investment decisions,” Partnership President and CEO Steve Kean said. “At the same time, we’re seeing increased interest in the Houston metro as a destination for onshoring. Our region enters this period from a position of strength – we’re not only the nation’s top exporting metro, but also a leader in population and GDP growth. Houston is well-positioned to adapt, respond and benefit from global economic shifts.” Notably, the Houston/Galveston Customs District is one of only 10 in the U.S. where exports exceed imports – a reflection of the region’s strong global demand and production capacity. Key Metrics from the Global Houston Report: #1 U.S. Exporting Metro: $180.9B in goods exported in 2024 (3.1% increase from 2023) Record Customs District Tonnage: 432.6M metric tons handled, ranking No. 1 nationally Total Trade Value: $376.3B through Houston/Galveston, ranking No. 4 among U.S. districts Foreign Direct Investment: 81 foreign-owned companies announced plans to relocate, expand or start operations; a 56% increase from 2023 when 52 international projects were announced. (increase is partially due to improved data sourcing) Global Connectivity: 3.1M international passengers traveled through Houston airports (record; a 4.2% increase over the 12.6 million passengers in ’23) 3.4M container units processed at Port Houston (record) Migration-Driven Workforce Growth: Nearly 65% of the region’s 2024 population growth came from international migration Energy Leads in Exports Energy continues to play an outsized role in Houston’s international economy. Oil and refined petroleum products accounted for more than half (52.1%) of all trade value flowing through the Houston/Galveston Customs District in 2024 – totaling $196.1B, with 88% of that volume heading overseas.  According to the U.S. Energy Information Administration (EIA), global oil demand is expected to reach 103.6 million barrels per day in 2025 – a new record, though below earlier projections. At the same time, lower forecasted oil prices and emerging trade barriers could prompt Texas producers to scale back new drilling, potentially reducing export volumes through the Houston/Galveston District. Top 10 Houston Trading Partners in 2024: Netherlands – $31.9B (↑ 23%) | Driven by oil exports amid EU energy diversification China – $30.1B (↓ 7%) | Key supplier of industrial equipment and electronics Mexico – $24.9B (↓ 13%) | Most integrated supply chain partner South Korea – $23.8B (↑ 4%) Germany – $16.9B (↑ 10%) Brazil – $16.8B (↑ 6%) United Kingdom – $15.0B (↑ 6%) Japan – $13.5B (↑ 3%) India – $13.2B (↓ 0.8%) Canada – $11.5B (↑ 22%) About the Report Produced annually by the Greater Houston Partnership’s Research team, the Global Houston Report analyzes the region’s international trade, foreign investment, migration trends and sector strengths. It serves as a key resource for companies navigating an increasingly complex global business landscape. Access the full report, here. CONTACT:           Brina Morales                                                 Sr. Director, Communications     bmorales@houston.org  
Read More
Economic Development

Trade Trends with Netherlands, China and Mexico Reinforce Houston's Global Reach

4/30/25
As the global economy adapts to evolving trade policies and geopolitical tensions, Houston’s international trade performance offers insight into the strength and adaptability of the region’s economy. The Greater Houston Partnership’s 2025 Global Houston report reveals how deep global relationships and sector strengths position the region to weather potential disruptions better than most.  “As the U.S. seeks fairer trade arrangements, the uncertainty is impacting some long-term investment decisions,” Partnership President and CEO Steve Kean said. “At the same time, we’re seeing increased interest in the Houston metro as a destination for onshoring. Our region enters this period from a position of strength – we’re not only the nation’s top exporting metro, but also a leader in population and GDP growth. Houston is well-positioned to adapt, respond and benefit from global economic shifts.” Here’s what Houston’s top three global trading partners reflects about the region's international ties: 1. The Netherlands moves to the top spot for the first time due to energy exports Trade Value (2024): $31.9B | ↑ 23% YoY With the Port of Rotterdam central to European fuel imports, Houston’s energy exports – particularly crude and refined petroleum – accounted for over 80% of Houston’s trade with the Netherlands last year. Europe's shift away from Russian energy further solidified Houston's role in Europe’s energy security strategy. 2. China slips to second, but remains a critical player Trade Value (2024): $30.1B | ↓ 7% YoY Exports to China dropped by a 14.5 percent, particularly in mineral fuels, plastics and organic chemicals. Rising tariffs have introduced uncertainty, but the scale of Houston-China trade reflects deep supply chain integration. China remains vital to Houston’s economy as a top source of industrial equipment, electronics and raw materials for regional manufacturers. Policy shifts could significantly impact local businesses. 3. Mexico holds steady as a regional anchor Trade Value (2024): $24.9B | ↓ 13% YoY Mexico is Houston’s most integrated trade partner, supplying inputs like auto parts, crude oil and industrial materials, while Houston exports fuels, chemicals and steel products. Cross-border trade is a cornerstone of Houston’s industrial competitiveness. Continued collaboration with Mexico will be key to maintaining supply chain efficiency. Key Metrics from the Global Houston Report: #1 U.S. Exporting Metro: $180.9B in goods exported in 2024 (3.1% increase from 2023) Record Customs District Tonnage: 432.6M metric tons handled, ranking No. 1 nationally Total Trade Value: $376.3B through Houston/Galveston, ranking No. 4 among U.S. districts Foreign Direct Investment: 81 foreign-owned companies announced plans to relocate, expand or start operations; a 56% increase from 2023 when 52 international projects were announced. (increase is partially due to improved data sourcing) Global Connectivity: 13.1M international passengers traveled through Houston airports (record; a 4.2% increase over the 12.6 million passengers in ’23) 3.4M container units processed at Port Houston (record) While the Netherlands, China and Mexico are the region’s top three trading partners, they account for only one-fourth of the region’s exports. The balance goes to 220 other countries.  
Read More

Related Events

Consumer Price Index

Economy Series - June

Join us on Wednesday, June 25 for a virtual session of the Economy Series to explore a timely update on the economic landscape of…

Learn More
Learn More
Executive Partners