TxEDC Touts Texas

12 Sep 2024


News

Well, here at the Texas Economic Development Corporation (TxEDC) we certainly aren’t shy when it comes to bragging about the strength of our economy. That’s our job, after all. But sometimes people in Texas — as well as people around the U.S. and the world — need a reminder of just how outstanding the Lone Star State is from an economic standpoint.

Here are just three examples of the impressive economic stature of Texas:

  • Since July 2022, Texas has added 441,700 jobs. Among all the states, that puts Texas at No. 1 for job growth from July 2022 to July 2023. “Texas again outpaces the nation in annual jobs growth thanks to strong business investments and the best workforce in America,” says Gov. Greg Abbott.
  • The Texas economy has grown to $2.36 trillion, based on preliminary GDP estimates for 2022. That means we’re the eighth-largest economy compared with the nations of the world — larger than Canada and Russia, for instance.
  • Thanks in large part to our robust transportation and infrastructure network, Texas accounts for 23% of all U.S. exports. We’ve ranked as the top state for exports for 21 consecutive years. The total value of Texas exports climbed to $485.6 billion last year, up 29% from 2021.

Read the full article here.