Annual Update: Gross Domestic Product

The U.S. Bureau of Economic Analysis (BEA) estimates Houston’s gross domestic product (GDP) at $512.2 billion in ’19, ranking it as the nation’s seventh largest metro economy.

• The U.S. Bureau of Economic Analysis (BEA) estimates Houston’s gross domestic product (GDP) at $512.2 billion in ’19, ranking it as the nation’s seventh largest metro economy. 
   
• Metro Houston’s GDP rose 2.9 percent from $498.0 billion in ’18 to $512.2 billion in ’19, a 10-year peak and the first time this decade that Houston’s GDP exceeded $500 billion. 
   
• The Houston region has a gross domestic product greater than 37 states and accounts for 27.8 percent of Texas’ GDP. 
   
• If Houston were an independent nation, the region would have the 27th largest economy in the world, placing it behind Belgium ($529.7 billion) and ahead of Nigeria ($448.1 billion).
   

Patrick Jankowski, CERP
Senior Vice President, Research
713-844-3616
pjankowski@houston.org

Heath Duran
Manager, Research
713-844-3654
hduran@houston.org