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Texas counties by GDP in 2021 (chained 2012 US$) The economy of the State of Texas is the second largest by GDP in the United States after that of California. It has a gross state product of $2.694 trillion as of 2023. [7] In 2022, Texas led the nation with the most companies in the Fortune 500 with 53 in total. [8]
Overall, in the calendar year 2024, the United States' Nominal GDP at Current Prices totaled at $29.017 trillion, as compared to $25.744 trillion in 2022. The three U.S. states with the highest GDPs were California ($4.080 trillion), Texas ($2.695 trillion), and New York ($2.284 trillion).
The Texas industry produced 5.86 million barrels per day of crude oil in October 2024 – led by production in west Texas in the Permian Basin. It was the largest total on record in history.
Below is a collection of 10 charts that tell the story of market and economic resiliency in 2024 — with all eyes set on 2025. The bull market roars on.
Texas manufacturing output grew in October, but new orders are declining and the outlook is worsening. Meanwhile, retail sales declined. Signs of trouble: New reports show Texas economy is facing ...
As of 2024, Texas had a gross state product (GSP) of $2.664 trillion, the second highest in the U.S. [253] Its GSP is greater than the GDP of Brazil, the world's 8th-largest economy. [254] The state ranks 22nd among U.S. states with a median household income of $64,034, while the poverty rate is 14.2%, making Texas the state with 14th highest ...
The state has yet to return to its pre-pandemic unemployment rate of about 3.5%, even as it leads the country in new jobs created. However, state economic experts say the unemployment rate is an ...
Elections are scheduled to be held on November 5, 2024. [4] Seats up for election will be all seats of the Texas Legislature, [5] all 38 seats in the United States House of Representatives, and the Class I seat to the United States Senate, for which two-term incumbent Republican Senator Ted Cruz is running for re-election. [6]