Back اقتصاد تگزاس Persian Économie du Texas French Economia del Texas Italian Экономика Техаса Russian Економіка Техасу Ukrainian

Economy of Texas

Economy of Texas
Statistics
GDP$2.6 trillion (2023)[1]
GDP per capita
$86,431 (2023)
Population below poverty line
14.0% (absolute)[2]
11.3% (relative)[3]
0.4796[4]
Labor force
15,226,787 (Apr. 2024)[5]
Unemployment4.0% (Apr. 2024)[5]
Public finances
Revenues$269.7 billion (2023)[6]
Expenses$258.8 billion (2023)[6]
  Texas unemployment rate, 1976–2021
  US unemployment rate
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] As of 2023, Texas grossed more than $440 billion a year in exports, more than double the next highest state California ($178 billion).[9]

Texas is 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.[12][13] Texas has the second largest population in the country after California.[14]

  1. ^ "Gross Domestic Product by State and Personal Income by State, 4th Quarter 2023 and Preliminary 2023" (PDF). Bureau of Economic Analysis. Retrieved June 11, 2024.
  2. ^ "2023 Poverty Rate By State, Per The Latest Census Data". Forbes.com. Retrieved June 11, 2024.
  3. ^ "The Surprising Poverty Levels Across the U.S." Time.com. Retrieved June 11, 2024.
  4. ^ "B19083: Gini Index of Income Inequality". data.census.gov. U.S. Census. Retrieved June 11, 2024.
  5. ^ a b "Table 1. Civilian labor force and unemployment by state and selected area, seasonally adjusted". bls.gov. Retrieved June 11, 2024.
  6. ^ a b "Data Visualizations". Texas Comptroller of Public Accounts. Retrieved January 22, 2023.
  7. ^ "Gross Domestic Product by State and Personal Income by State, 4th Quarter 2023 and Preliminary 2023" (PDF). Bureau of Economic Analysis. Retrieved June 11, 2024.
  8. ^ "Texas Leads The Nation As Home To The Most Fortune 500 Companies". gov.texas.gov. Retrieved January 20, 2023.
  9. ^ "State Economy and Trade Factsheets". U.S. International Trade Administration. Retrieved June 11, 2024.
  10. ^ "Texas Economic Snapshot". Texas Economic Development. Retrieved January 22, 2023.
  11. ^ "Texas Statewide Overview". Texas Comptroller of Public Accounts. Retrieved January 22, 2023.
  12. ^ "State of Texas Debt". Texas Bond Review Board. Archived from the original on May 5, 2022. Retrieved January 22, 2023.
  13. ^ "Texas State Debt". TEXAS BRB DATA CENTER. Retrieved January 22, 2023.
  14. ^ Geographic Terms and Concepts - Island Areas of the United States, U.S. Census Bureau, archived from the original on December 10, 2016, retrieved March 19, 2019

Rich TVX News Network Site

Rich TVX News Network Info

© MMXXIII Rich X Search. We shall prevail. All rights reserved. Rich X Search