Texas Economic Development & Tourism Office
Menu

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 faster than the nation as a whole in the fourth quarter of 2025 at an annual rate of 1.4% based on Real GDP (U.S. Bureau of Economic Analysis).
  • Texas is America's #1 jobs creator, leading the nation for jobs added in 2025.
  • Texas gained 112,200 jobs from January 2025 to January 2026, leading all states and outpacing the national annual job growth rate. (Texas Workforce Commission)
  • The Texas labor force totaled 15,955,200. (Texas Workforce Commission, January)
  • Texans working, including self-employed totaled 15,267,100. (Texas Workforce Commission, January)
  • Texas reached a new high for nonfarm jobs at 14,379,500 after adding 40,100 positions over the month. (Texas Workforce Commission, January)
  • In March, there were 26 new project locations announced in areas across Texas by various news sources. The projects are expected to create more than $20.5 billion in capital investment and 1,241 new jobs. (EDT Research)
  • State sales tax revenue for March totaled $4 billion, an increase of 10% from the same month last year. (Texas Comptroller of Public Accounts)
  • In February 2026, Texas exports totaled more than $37 billion, up 2.1% from the same period last year. (USA Trade)
  • 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)