On April 23, Port Houston released the full results of the nationwide economic impact study of the Houston Ship Channel. Results show that the private and public terminals of the greater Port of Houston account for 10 percent of all jobs supported by the U.S. coastal ports in 2018.
The results also showed that the economic values supported by cargo activity at these facilities to the State of Texas represent nearly 21 percent of the state’s gross domestic product (GDP) for 2018.
Economist John Martin, Ph.D., of Martin Associates, provided the Port Commission of the Port of Houston Authority highlights from the full report during the commission’s regular monthly meeting in April.
In 2018, the Houston Ship Channel generated nearly $802 billion in U.S. economic value, supported 3.2 million jobs, and provided $38 billion in tax revenue. In the state of Texas, it generated $339 billion in economic value, sustained 1.3 million jobs, and generated $5.6 billion in state and local tax revenue.