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Texas Economic Snapshot

Texas continues to be a global economic force and remains one of the strongest and most diverse economies in the nation. Below is a snapshot of the state's economic status:

  • The Texas economy expanded to $2.77 trillion in 2024 based on current-dollar 2024 GDP, up from $2.64 trillion in 2023. (U.S. Bureau of Economic Analysis)
  • The Texas economy expanded faster than the nation as a whole in 2024, at 3.95% for Texas and 2.79% for the U.S. (U.S. Bureau of Economic Analysis) 
  • The Texas unemployment rate is 4.1%. (Texas Workforce Commission, August)
  • Texas added 195,600 jobs over the last 12 months, outpacing the national annual job growth rate by 0.5%. (Texas Workforce Commission, August)
  • Texas reached a new historic high for Texans working, including self-employed, at 15,857,300. (Texas Workforce Commission, August)
  • Texans working, including self-employed, totals 15,144,600. (Texas Workforce Commission, August)
  • Texas reached a new high for total nonfarm jobs at 14,347,700 after adding 17,600 positions over the month of August. (Texas Workforce Commission)
  • In October, there were 29 new project locations announced in areas across Texas by various news sources. The projects are expected to create more than $3.4 billion in capital investment and nearly 860 new jobs. (EDT Research)
  • State sales tax revenue for October totaled $4.2 billion, an increase of 4.6% from the same month last year. (Texas Comptroller of Public Accounts)
  • In August 2025, Texas exports totaled more than $36 billion. (USA Trade)
  • The Texas economy is the eighth-largest when compared to nations of the world and is now valued at $2.6 trillion, based on GDP for 2023 (up from $2.4 trillion in 2022). (Bureau of Economic Analysis)