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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]
The economic impact of the COVID-19 pandemic in the United States has been widely disruptive, adversely affecting travel, financial markets, employment, shipping, and other industries. The impacts can be attributed not just to government intervention to contain the virus (including at the Federal and State level), but also to consumer and ...
A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. Just 10 days ago, anxious markets were freaking out about the US economy ...
If Texas were a country, it would be the ninth biggest economy in the world. Give it another few years, and Texas should surpass Italy to become eighth largest, Gov. Greg Abbott says.
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 ...
Because of these events, the coming oil boom became heavily centered on the city of Houston both as a port and a commercial center. [15] Though Texas had notable urban areas at the turn of the century, it was still a predominantly rural state. Texas was largely open range, meaning that livestock could freely roam throughout the state. [16]
Whether or not the economy is in a good place depends on who you ask. According to a new Edward Jones survey, Americans are split over how they view the current state of the economy -- 45% are...
Texas Governor Greg Abbott and some other politicians initially said renewable energy sources were the cause for the power outages, citing frozen wind turbines as an example of their unreliability. [47] Viral images of a helicopter de-icing a wind turbine said to be in Texas were actually taken in 2015 in Sweden. [48]