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The economy of Houston is based primarily on the energy industry, particularly oil.However, health care, biomedical research, and aerospace also constitute large sectors. In 2021, the gross domestic product (GDP) of the Houston–The Woodlands–Sugar Land metropolitan statistical area (MSA) was 537 U.S. dollars billion, the fourth-largest of any metro area in the United States. [1]
2023 rank Metropolitan area 2023 2022 2021 2018 2017 2016 2015 2014 2013 2012 Population (2020) [4] 1: New York-Newark-Jersey City, NY-NJ-PA (Metropolitan Statistical Area)
As of 2023, Texas grossed more than $440 billion a year in exports, more than double the next highest state California ($178 billion). [9] Texas is ranked as the 8th largest economy among nations of the world by nominal GDP, ahead of Canada, South Korea, Russia, and Australia. [10] In 2019, Texas had a median household income of $61,874. [11]
“In 2023, nearly $100 billion of U.S. goods and services were purchased by the oil and natural gas sector in Texas coastal counties, 30% of which occurred within the region.”
Per Forbes (April 2024) [1]; Rank Rank per capita Country/Territory Billionaires Rate - World 2,781: 0.343 1 11 United States 813: 2.420 2 53 China 406: 0.288 3 58 India 200: 0.144
New York City, New York: 13 ... Houston, Texas: 93 World Kinect Corporation: Energy trading 47,711 ... (USD billions) Employees Headquarters 1
Nearly 40% of 18- to 24-year-olds surveyed names New York City as the most overpriced housing market in the country. Despite higher wages, the cost of living in New York, including housing ...
The major freeway serving the area is the Gulf Freeway, part of Interstate 45, which connects Texas City with Galveston and Houston. Texas State Highway 146 locally connects Texas City with other Galveston Bay Area communities on the shoreline. Texas Loop 197 combines with Highway 146 to form a ring around the city, providing access to the city ...