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Texas would be ranked as the 8th largest economy among nations of the world by nominal GDP, ahead of Canada, South Korea, Russia, and Australia. [10] In 2019, Texas had a median household income of $61,874. [11] As of August 31, 2022 Texas had a total of $64.40 billion in state debt outstanding, including both general obligation and revenue debt.
For nearly two years, Texas has led the country in job growth, most recently adding more than 400,000 new jobs between August 2022 and 2023, according to a Department of Labor Statistics report ...
To follow up on the economic data provided by the U.S. Global Leadership Coalition to highlight the benefits of the international affairs budget to the Texas economy, the Star-Telegram consulted ...
The economy of Houston is based primarily on the energy industry, particularly oil.However, health care, biomedical research, and aerospace also constitute large sectors. In 2021, the gross domestic product (GDP) of the Houston–The Woodlands–Sugar Land metropolitan statistical area (MSA) was 537 U.S. dollars billion, the fourth-largest of any metro area in the United States. [1]
Brazos Wind Farm, Fluvanna, 2004. Texas has over 150 wind farms, which together have a total nameplate capacity of over 30,000 MW (as of 2020). [5] [6] If Texas were a country, it would rank fifth in the world: [5] The installed wind capacity in Texas exceeds installed wind capacity in all countries but China, the United States, Germany and India.
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 ...
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 ...
Here’s a look at the current state of the economy in those swing states. ... Per U.S. News & World Report, “Black voter turnout and enthusiasm in 2020 played an important role in Biden’s win ...