Prologis Powers $3.2 Trillion in Global Trade and Supports 3.6 Million Jobs

Rhea-AI Summary

Prologis (NYSE: PLD) released a new Oxford Economics report highlighting its substantial global economic impact in 2024. The logistics real estate giant's warehouses handled goods worth $3.2 trillion, representing 2.9% of global GDP. The company's 1.3 billion square foot portfolio supported 3.6 million jobs worldwide and contributed $348 billion to the global economy.

The report revealed significant growth in warehouse employment, particularly in Mexico (+91%) and Canada (+47%), with global direct warehouse jobs increasing 8% since 2022. In the United States, where goods movement totaled $2 trillion, California led with $465 billion in throughput and 162,000 direct jobs, followed by Texas with $273 billion in throughput and 223,000 total jobs.

Positive

• Handled goods worth $3.2 trillion, equivalent to 2.9% of global GDP
• Operations supported 3.6 million jobs worldwide
• Contributed $348 billion to the global economy
• Generated $77 billion in global tax revenues
• Significant employment growth in Mexico (+91%) and Canada (+47%)
• 8% increase in global direct warehouse jobs since 2022

Negative

• None.

New report underscores company's critical role in the global economy

SAN FRANCISCO, July 30, 2025 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD) today released a new report from Oxford Economics on the company's global economic impact, revealing that nearly $3.2 trillion worth of goods flowed through a Prologis warehouse in 2024, which is equivalent to 2.9% of the world's gross domestic product (GDP). The report also found that operations across the company's 1.3 billion square foot portfolio supported 3.6 million jobs worldwide and contributed $348 billion to the global economy (either direct, indirect or induced from impacts of Prologis operations).

Other key findings from the 2024 Future Flow of Goods report include:

• Economic activity in Prologis warehouses generated $77 billion in global tax revenues.
• Mexico (+91%) and Canada (+47%) saw some of the biggest employment gains, with Prologis direct warehouse jobs up 8% globally since 2022.

"Our customers depend on fast, reliable logistics to meet the needs of their businesses and communities," said Hamid R. Moghadam, Prologis' co-founder, chairman and CEO. "We're the critical link that keeps goods, services and local economies moving." 

This year's report also includes impact data for the 22 states in which Prologis operates in the United States, where goods moving through Prologis warehouses totaled $2 trillion. Other highlights include:

• California led all states with $465 billion in throughput, supporting 162,000 direct jobs and generating a $54 billion total GDP impact across direct, indirect and induced channels.
• Texas ranked second, with $273 billion in goods moving through Prologis warehouses and more than 223,000 total jobs across the three channels of impact.
• Illinois, Georgia and Pennsylvania also stood out, each with over $100 billion in throughput and tens of thousands of direct jobs.

The Future Flow of Goods report is produced in collaboration with Oxford Economics. First published in 2017, this is the fourth installment of the report, reflecting Prologis' growing footprint. The study estimates the throughput of goods through Prologis warehouses, the direct employment of workers in Prologis warehouses and the total economic impact of the activity of those workers across the direct (in the warehouses themselves), indirect (full supply chain) and induced (economic activity supported by spending out of wages) channels.

The report also shows that Prologis' impact stretches far beyond the walls of its warehouses, fueling supply chains, boosting local economies and supporting millions of jobs through its customers' operations. 

"Our logistics facilities are engines of economic activity," said Dan Letter, president of Prologis. "They support jobs, enable business growth and help communities thrive — the ripple effects are real."

To view and download the full report, visit https://www.prologis.com/insights-news/research/economic-impact-report.

About Prologis
The world runs on logistics. At Prologis, we don't just lead the industry, we define it. We create the intelligent infrastructure that powers global commerce, seamlessly connecting the digital and physical worlds. From agile supply chains to clean energy solutions, our ecosystems help your business move faster, operate smarter and grow sustainably. With unmatched scale, innovation and expertise, Prologis is a category of one–not just shaping the future of logistics but building what comes next. Learn more at Prologis.com.

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SOURCE Prologis, Inc.

FAQ

What is the total value of goods that moved through Prologis warehouses in 2024?

Goods worth $3.2 trillion flowed through Prologis warehouses in 2024, representing 2.9% of global GDP.

How many jobs does Prologis support globally through its operations?

Prologis operations supported 3.6 million jobs worldwide across direct, indirect, and induced employment channels.

What was Prologis's economic impact in California for 2024?

In California, Prologis generated $465 billion in throughput, supported 162,000 direct jobs, and created a $54 billion total GDP impact.

How much tax revenue did Prologis operations generate globally?

Economic activity in Prologis warehouses generated $77 billion in global tax revenues.

What was the employment growth rate in Prologis warehouses since 2022?

Prologis direct warehouse jobs increased by 8% globally since 2022, with Mexico seeing +91% growth and Canada +47%.