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Texas counties by GDP 2021. 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 $2.636 trillion as of 2023. [ 7] In 2022, Texas led the nation with the most companies in the Fortune 500 with 53 in total. [ 8]
Location of Texas. Texas is a state in the South Central region of the United States. The region's second-quarter 2018 gross state product was 8.6% of the GDP of the country at $1.755 trillion, with significant growth in mining, quarrying, and oil and gas extraction. [1]
Texas ( / ˈtɛksəs / ⓘ TEK-səss, locally also / ˈtɛksɪz / TEK-siz; [ 8] Spanish: Texas or Tejas, [ b] pronounced [ˈtexas]) is the most populous state in the South Central region of the United States. It borders Louisiana to the east, Arkansas to the northeast, Oklahoma to the north, New Mexico to the west, and the Mexican states of ...
The Texas oil boom, sometimes called the gusher age, was a period of dramatic change and economic growth in the U.S. state of Texas during the early 20th century that began with the discovery of a large petroleum reserve near Beaumont, Texas. The find was unprecedented in its size (worldwide) and ushered in an age of rapid regional development ...
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]
The Texas Portal. Texas ( / ˈtɛksəs / ⓘ TEK-səss, locally also / ˈtɛksɪz / TEK-siz; Spanish: Texas or Tejas, pronounced [ˈtexas]) is the most populous state in the South Central region of the United States. It borders Louisiana to the east, Arkansas to the northeast, Oklahoma to the north, New Mexico to the west, and the Mexican ...
Energy is a major component of the economy of Texas. The state is the nation's largest energy producer, producing twice as much energy as Florida, the state with the second-highest production. It is also the national leader in wind power generation, comprising about 28% of national wind powered electrical production in 2019.
Texas produces more cotton than any other state in the United States. [32] With eight production regions around Texas, and only four geographic regions, it is the state's leading cash crop. [ citation needed ] Texas produces approximately 25% of the country's cotton crop on more than 6 million acres, the equivalent of over 9,000 square miles ...