Economy Of Houston
The economy of Houston, Texas, Houston is based primarily on the energy industry, particularly petroleum, oil. However, health care, Health science, 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. The Houston metropolitan area comprises the largest concentration of petrochemical manufacturing in the world, including for synthetic rubber, insecticides, and fertilizers. It is the world's leading center for Oil field, oilfield equipment construction, with the city of Houston home to more than 3,000 energy-related businesses, including many of the top oil and gas exploration and production firms and petroleum pipeline operators. , 23 companies on the Fortune 500 list have their headquarters in, or around, Houston. The Greater Houston, Houston–Sugar Land– ...
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