The Latest San Antonio Industry Statistics Explained
The manufacturing sector contributed to about $2.5 billion to San Antonio’s annual economic output in 2018.
This statistic indicates that the manufacturing sector played a significant role in San Antonio’s economic activity in 2018, contributing approximately $2.5 billion to the city’s overall economic output. Economic output, also known as gross domestic product (GDP), represents the total value of goods and services produced in an area during a specific period. The manufacturing sector’s contribution suggests that it was a key driver of economic growth and employment in San Antonio that year. This figure highlights the sector’s importance in supporting local businesses, creating jobs, and generating income for residents, ultimately demonstrating its vital role in the city’s economy.
In 2021, the average salary for a worker in San Antonio’s tech industry was $94,858.
The statistic “In 2021, the average salary for a worker in San Antonio’s tech industry was $94,858” represents the mean annual income earned by workers in the technology sector in San Antonio for that specific year. This average salary figure provides insight into the typical wage level in the tech industry in San Antonio, serving as a point of reference for assessing compensation levels within this particular sector. It suggests that, on average, tech professionals in San Antonio earned a competitive salary relative to other industries and locations, highlighting the importance and significance of the technology sector in the city’s economy.
The city’s bioscience and healthcare sectors bring in $37 billion annually.
The statistic “The city’s bioscience and healthcare sectors bring in $37 billion annually” indicates the significant economic contribution of the bioscience and healthcare industries to the city’s economy each year. This figure represents the total revenue generated by these sectors, including research, pharmaceuticals, medical devices, hospitals, and other related businesses. The high revenue amount suggests that these sectors are major drivers of the local economy, creating job opportunities, fostering innovation, and attracting investment. This statistic highlights the importance of the bioscience and healthcare industries to the city’s overall economic landscape and underscores the potential for growth and development in these sectors.
The percentage of workers in the finance and insurance sector in San Antonio is 6.5%.
The statistic that the percentage of workers in the finance and insurance sector in San Antonio is 6.5% indicates that out of the total workforce in San Antonio, approximately 6.5% of individuals are employed in this particular industry. This statistic provides insight into the economic composition of the city, highlighting the relative size and importance of the finance and insurance sector. It can be used by policymakers, businesses, and researchers to better understand the local job market, plan for economic development strategies, and assess the overall health and diversity of the labor market in San Antonio.
The renewable energy sector in San Antonio contributes $4.4 billion and 1,250 jobs annually.
The statistic indicates that the renewable energy sector in San Antonio makes a substantial economic impact by contributing $4.4 billion annually and providing employment for 1,250 individuals. This suggests that the renewable energy industry in San Antonio is not only environmentally beneficial but also plays a significant role in the city’s economy by creating jobs and generating revenue. The statistic highlights the potential for further growth and development in the renewable energy sector in San Antonio, emphasizing its importance in both the local economy and the broader effort to transition towards sustainable and clean energy sources.
The food and hospitality industry in San Antonio employs over 111,000 people.
The statistic that the food and hospitality industry in San Antonio employs over 111,000 people indicates the significant economic impact of this sector within the city. This statistic highlights the importance of the industry in providing job opportunities and driving local economic growth. The large number of individuals employed in this sector also suggests that it is a major driver of the city’s overall workforce and plays a crucial role in supporting both local residents and the city’s tourism sector. Additionally, the statistic underscores the industry’s contribution to San Antonio’s overall employment landscape and showcases its status as a key player in the city’s economy.
San Antonio’s tourism industry generated $15 billion in 2019.
The statistic ‘San Antonio’s tourism industry generated $15 billion in 2019’ indicates the total economic impact of tourism activities in San Antonio for that year. This figure reflects the total expenditures made by visitors to the city on accommodations, attractions, food and beverage, transportation, shopping, and other tourism-related activities. The $15 billion generated by the tourism industry includes both direct spending by tourists as well as the ripple effects that tourism has on the local economy, such as job creation, tax revenue, and business growth. This statistic highlights the significant contribution that tourism makes to San Antonio’s economy, supporting businesses, jobs, and overall prosperity in the region.
San Antonio’s professional, scientific, and technical service sector employs 5.5% people.
The statistic indicates that San Antonio’s professional, scientific, and technical service sector employs approximately 5.5% of the city’s total workforce. This sector includes industries such as engineering, computer programming, legal services, and research and development, which typically require specialized knowledge and skills. A higher percentage of employment in this sector suggests that San Antonio may have a strong presence of high-skilled professionals and technology-driven businesses within its economy. This can have positive implications for innovation, productivity, and economic growth within the city, as well as potentially providing higher wages and contributing to overall job stability. Understanding the composition and growth of this sector can be important for policymakers, businesses, and job seekers interested in the professional services industry in San Antonio.
In 2019, the construction industry saw year-over-year growth of 6%, employing over 50,000 people in San Antonio.
In 2019, the construction industry in San Antonio experienced a notable growth rate of 6% compared to the previous year. This growth signifies an expanding sector, likely driven by increased construction projects and investments in the city’s infrastructure. The industry’s ability to employ over 50,000 individuals also indicates a boost in job opportunities, offering employment for many residents and contributing to the local economy. Overall, the statistic portrays a positive outlook for the construction industry in San Antonio, showing resilience and potential for further development in the future.
The educational services sector employs approximately 17.9% of the workforce in San Antonio
This statistic indicates that in San Antonio, approximately 17.9% of the total workforce is employed in the educational services sector. This sector includes jobs in educational institutions such as schools, colleges, and universities, as well as other related services such as tutoring centers and educational support services. The high percentage of workforce employed in the educational services sector suggests a significant emphasis on education in the city, highlighting the importance of the education industry to the local economy and the community’s commitment to providing educational opportunities and services.
San Antonio’s retail trade sector accounts for about 11.4% of total employment.
The statistic “San Antonio’s retail trade sector accounts for about 11.4% of total employment” indicates that approximately 11.4% of the workforce in San Antonio is employed in the retail trade industry. This sector encompasses businesses involved in the sale of goods and services directly to consumers, such as stores, online retailers, and wholesalers. The significance of this statistic lies in the role of the retail trade sector in the local economy, as it provides jobs and generates revenue through consumer spending. Understanding the proportion of employment in this sector can offer insights into the economic structure of San Antonio and its reliance on retail trade for job opportunities and economic growth.
In San Antonio, the manufacturing employment concentration is 27% less than the national average.
The statistic regarding manufacturing employment concentration in San Antonio being 27% less than the national average indicates that the proportion of individuals employed in the manufacturing sector in San Antonio is significantly lower compared to the average across the entire United States. This statistic suggests that manufacturing industries may not be as prominent or as large a contributor to the overall job market in San Antonio relative to the rest of the country. The lower concentration of manufacturing employment in San Antonio could have implications for economic development strategies, workforce dynamics, and the overall industrial landscape of the city, highlighting potential areas for growth and diversification in the local economy.
Conclusion
San Antonio’s industry statistics illustrate a dynamic and growing economic landscape. With trends showing increases in industries such as healthcare, hospitality, and technology, the city’s diverse business sector continues to flourish. By leveraging these statistics, policymakers, entrepreneurs, and investors can make informed decisions to further drive economic development in San Antonio.
References
0. – https://www.builtin.com
1. – https://www.visitsanantonio.com
2. – https://www.sanantonioreport.org
3. – https://www.www.brookings.edu
4. – https://www.www.biospace.com
5. – https://www.www.statista.com
6. – https://www.eri.ucsb.edu
7. – https://www.www.census.gov
8. – https://www.www.themanufacturinginstitute.org
