Galveston County has nearly growing 12,000 businesses in the County boundaries and gross Domestic Product for the County is about $22 Billion (2022). Below please find more information about the industry mix of the County and future growth.
Industry Snapshot
The largest sector in Galveston County, Texas is Educational Services, employing 26,558 workers. The next-largest sectors in the region are Accommodation and Food Services (19,194 workers) and Retail Trade (14,905). High location quotients (LQs) indicate sectors in which a region has high concentrations of employment compared to the national average. The sectors with the largest LQs in the region are Educational Services (LQ = 2.45), Accommodation and Food Services (1.64), and Mining, Quarrying, and Oil and Gas Extraction (1.32).
Employment data are derived from the Quarterly Census of Employment and Wages, provided by the Bureau of Labor Statistics and imputed where necessary. Data are updated through 2023Q4 with preliminary estimates updated to 2024Q1.
Sectors in Galveston County, Texas with the highest average wages per worker are Manufacturing ($127,588), Mining, Quarrying, and Oil and Gas Extraction ($119,447), and Wholesale Trade ($92,410). Regional sectors with the best job growth (or most moderate job losses) over the last 5 years are Educational Services (+4,655 jobs), Accommodation and Food Services (+2,572), and Construction (+1,739).
Over the next 1 year, employment in Galveston County, Texas is projected to expand by 1,473 jobs. The fastest growing sector in the region is expected to be Health Care and Social Assistance with a +1.8% year-over-year rate of growth. The strongest forecast by number of jobs over this period is expected for Educational Services (+231 jobs), Health Care and Social Assistance (+205), and Accommodation and Food Services (+204).
Galveston County Businesses by NAICS Codes:
|
NAICS Codes |
Number |
Percent |
Number |
Percent |
|
Agriculture, Forestry, Fishing & Hunting |
33 |
0.3% |
99 |
0.1% |
|
Mining |
22 |
0.2% |
224 |
0.1% |
|
Utilities |
21 |
0.2% |
286 |
0.2% |
|
Construction |
893 |
7.4% |
6,213 |
3.6% |
|
Manufacturing |
339 |
2.8% |
5,856 |
3.4% |
|
Wholesale Trade |
283 |
2.4% |
2,650 |
1.6% |
|
Retail Trade |
1,686 |
14.1% |
16,377 |
9.6% |
|
Motor Vehicle & Parts Dealers |
272 |
2.3% |
2,922 |
1.7% |
|
Furniture & Home Furnishings Stores |
64 |
0.5% |
226 |
0.1% |
|
Electronics & Appliance Stores |
41 |
0.3% |
270 |
0.2% |
|
Building Material & Garden Equipment & Supplies Dealers |
136 |
1.1% |
1,415 |
0.8% |
|
Food & Beverage Stores |
278 |
2.3% |
3,599 |
2.1% |
|
Health & Personal Care Stores |
151 |
1.3% |
1,282 |
0.8% |
|
Gasoline Stations & Fuel Dealers |
102 |
0.9% |
431 |
0.3% |
|
Clothing, Clothing Accessories, Shoe and Jewelry Stores |
145 |
1.2% |
662 |
0.4% |
|
Sporting Goods, Hobby, Book, & Music Stores |
309 |
2.6% |
1,784 |
1.0% |
|
General Merchandise Stores |
188 |
1.6% |
3,786 |
2.2% |
|
Transportation & Warehousing |
235 |
2.0% |
2,651 |
1.6% |
|
Information |
194 |
1.6% |
1,509 |
0.9% |
|
Finance & Insurance |
569 |
4.7% |
5,193 |
3.0% |
|
Central Bank/Credit Intermediation & Related Activities |
243 |
2.0% |
2,024 |
1.2% |
|
Securities & Commodity Contracts |
110 |
0.9% |
386 |
0.2% |
|
Funds, Trusts & Other Financial Vehicles |
216 |
1.8% |
2,783 |
1.6% |
|
Real Estate, Rental & Leasing |
675 |
5.6% |
3,396 |
2.0% |
|
Professional, Scientific & Tech Services |
982 |
8.2% |
6,435 |
3.8% |
|
Legal Services |
211 |
1.8% |
1,016 |
0.6% |
|
Management of Companies & Enterprises |
41 |
0.3% |
731 |
0.4% |
|
Administrative, Support & Waste Management Services |
381 |
3.2% |
3,273 |
1.9% |
|
Educational Services |
282 |
2.4% |
10,642 |
6.2% |
|
Health Care & Social Assistance |
992 |
8.3% |
65,353 |
38.2% |
|
Arts, Entertainment & Recreation |
298 |
2.5% |
5,099 |
3.0% |
|
Accommodation & Food Services |
1,205 |
10.0% |
17,509 |
10.2% |
|
Accommodation |
186 |
1.6% |
2,581 |
1.5% |
|
Food Services & Drinking Places |
1,019 |
8.5% |
14,928 |
8.7% |
|
Other Services (except Public Administration) |
1,739 |
14.5% |
8,808 |
5.2% |
|
Automotive Repair & Maintenance |
278 |
2.3% |
1,277 |
0.7% |
|
Public Administration |
323 |
2.7% |
7,632 |
4.5% |
|
Unclassified Establishments |
802 |
6.7% |
990 |
0.6% |
|
Total |
11,995 |
100.0% |
170,926 |
100.0% |