Texas ports contribute more than $713.9 billion in economic activity for the state accounting for 28% of Texas’ gross domestic product (GDP), further advancing ports as a catalyst for state economic growth
Texas ports contribute more than $713.9 billion in economic activity for the state accounting for 28% of Texas’ gross domestic product (GDP), further advancing ports as a catalyst for state economic growth and job generation, according to a recent economic impact study by the Texas Ports Association (TPA).
TPA’s most recent economic impact study was conducted by Martin & Associates, using data from fiscal year 2023. Since the association’s last report, also conducted by Martin & Associates in 2018, Texas ports experienced statewide growth in tonnage, revenue generated and job growth.
Total tonnage handled by public and private marine terminals increased by 130.3 million tons. As a result of this growth, says TPA, 2.5 million jobs are supported by the 2023 marine cargo activity within the state of Texas, an increase of 728,741 jobs since 2018. Total economic value of the Texas marine cargo activity grew from $449.6 billion in 2018 to $713.9 billion.
“The Martin study paints
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