City Profile - Austin; Comprehensive overview of the city, PEST analysis and analysis of key industries including technology, tourism and hospitality, construction and retail

April 2026 | 40 pages | ID: C79BB4C7BF1EN
MarketLine

Abstracts

City Profile - Austin; Comprehensive overview of the city, PEST analysis and analysis of key industries including technology, tourism and hospitality, construction and retail

Summary

“City Profile - Austin” provides historical and forecast data on key city level metrics along with analytical coverage of the latest political, economic, social, technological, infrastructural, legal and environmental issues affecting Austin.

The report contains detailed tourism, retail, construction, technology and public infrastructure data and insight into economic, social, and industry trends.

Austin’s metropolitan economy is a fast-growing US hub, accounting for 0.9% of national GDP in 2025 and powered by the convergence of AI, semiconductors, energy, and hard-tech (robotics, autonomy, aerospace, and advanced manufacturing). Nominal GDP rose 7.5% to $288.9bn in 2025 (GDP per capita $111,577, above Dallas and Houston), while real growth moderated to 5.1% as high-tech employment dipped and residential construction softened under higher costs and interest rates. The economy is overwhelmingly service-led (85.89% of GVA; 87.1% of employment), with continued momentum from EV and mobility manufacturing anchored by Tesla, semiconductor expansion led by Samsung, and deepening R&D/advanced manufacturing footprints from firms such as Apple and SpaceX. Looking ahead, Austin is forecast to grow 3.3% annually in real terms over 2026-35 and reach $464.4bn in nominal GDP by 2035, supported by high-productivity software and cloud growth and major capital investment, alongside a tight labor market with unemployment at 3.5% in 2025 and projected to ease to 3.1% by 2035.

Scope

• Austin is a vibrant year-round leisure and business destination—widely known as the “Live Music Capital of the World”—with major events such as SXSW, Austin City Limits (ACL) Music Festival, and Austin Pride driving visitor demand and hospitality performance.
• Travel activity continued to expand in 2025: total direct travel spending in the Austin metro area rose 1.7% to $11.4 billion, industry earnings increased 5.7% to $4.4 billion, tourism-supported employment grew 2.7% to 90,200 jobs, and tax revenue rose 1.8% to $1.1 billion (Travel Texas).
• Public investment and development reinforce long-term growth: Austin’s EDD deployed over $21.0 million in 2024 HOT-funded grants to support more than 500 creatives and new public art opportunities, while the construction sector added $15.8 billion to the economy in 2025 (+7.9% YoY; 5.9% of GVA) amid softer housing permitting (-16.5% YoY), supported by major pipeline projects including a $3 billion mixed-use development (completing by 2026) and a planned $23 billion Samsung wafer plant (starting 2029).

Reasons to Buy

• Gain a comprehensive knowledge of future economic and demographic trends and understand the performance of various sectors within the city.
• Analyze and understand the business environment in the city to align your investment and expansion strategies.
• The report helps to drive a conclusion in choosing a suitable city to invest or expand according to your business structure.
• Explore new opportunities in the hospitality, tourism, construction, real estate and retail sectors.

Contents

City Snapshot
PEST Analysis
Political
Economic
Social
Technology and Infrastructure
Communications
Internal Transport Networks
Connectivity
Airport
Business Environment Analysis
Travel and Tourism
Tourism Flows
Hotels
Attractions
Events
Construction and Real Estate
Investment
Real Estate Market
Retail
Retail Market
Consumption, Income and Prices
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List Of Tables

LIST OF TABLES

Table 1: Austin metropolitan area - key facts (estimates), 2025
Table 2: Austin metropolitan area - real GDP and real GDP growth, 2000-35
Table 3: Austin metropolitan area - economic growth comparison (Index 2015=100), 2000-35
Table 4: Austin metropolitan area - GDP per capita comparison, 2000-35 ($)
Table 5: Austin metropolitan area - employment structure, 2000-35 (% of total)
Table 6: Austin metropolitan area - main universities, 2025
Table 7: Austin metropolitan area - population indicators, 2021-25
Table 8: Austin metropolitan area - population comparison, 2000-35 (million)
Table 9: Austin metropolitan area - population by age, 2000-35 (% of total)
Table 10: Austin metropolitan area - mass transit network indicators, 2025
Table 11: Austin metropolitan area - Austin-Bergstrom International Airport, key airport indicators, 2020-25
Table 12: Austin metropolitan area - travel spending, key indicators, 2020-24
Table 13: Austin metropolitan area - visitor spending by accommodation type ($ million), 2023-24
Table 14: Austin metropolitan area - MICE and other events

List Of Figures

LIST OF FIGURES

Figure 1: Austin metropolitan area - real GDP and real GDP growth, 2000-35
Figure 2: Austin metropolitan area - economic growth comparison (Index 2015=100), 2000-35
Figure 3: Austin metropolitan area - GDP per capita comparison, 2000-35
Figure 4: Austin metropolitan area - employment structure, 2000-35 (% of total)
Figure 5: Austin metropolitan area - population comparison, 2000-35
Figure 6: Austin metropolitan area - population by age, 2000-35 (% of total)