Department of Numbers

Texas GDP

Texas GDP was $1,498,881,000,000 in 2016 according to BEA data. Texas GDP represents 9.17% of US GDP which made it the 2nd largest state economy in the nation in 2016. Real dollar values expressed in 2009 chained dollars.

Show dollars as: Nominal Real

Real GDP (2009 Chained Dollars) in Texas

2016
(Billions)
1 Year Change 3 Year Change 5 Year Change
Texas $1,498.881 +0.41% +8.84% +20.87%

Trends in Texas Real GDP

Over the 5 years ending in 2016 the Texas economy grew in real terms by 20.87% at a compound annual growth rate of 3.86% per year. Real Texas GDP, at $1,498.881 bn in 2016, is at the highest level recorded to date.

Real GDP (2009 Chained Dollars): Texas

Historical Real GDP (2009 Chained Dollars) data for Texas

Date Texas
(Billions)
2016 $1,498.881
2015 $1,492.761
2014 $1,427.880
2013 $1,377.100
2012 $1,310.522
2011 $1,240.117
2010 $1,197.006
2009 $1,166.516
2008 $1,173.697
2007 $1,166.680
2006 $1,111.803

more history ...

Texas GDP Components: Per-Capita GDP & Popuation

Texas per-capita GDP was $53,795 in 2016. which is $3,218 higher than the US per-capita GDP. Real dollar values expressed in 2009 chained dollars.

Show dollars as: Nominal Real

Real GDP (2009 Chained Dollars) in Texas

2016 1 Year Change 3 Year Change 5 Year Change
US Per-Capita GDP $50,577 +0.84% +4.20% +6.27%
Texas Per-Capita GDP $53,795 -1.15% +3.42% +11.25%
Texas Population 27,862,596 +1.58% +5.25% +8.64%

Trends Real in Texas Real Per-Capita GDP & Population

Real Texas per-capita GDP is 11.25% higher today than 5 years prior in 2011. In that time the population in Texas grew by 2,216,207 (8.64%) people. The per-capita GDP growth plus the population growth are approximatly equal to the GDP growth Texas shown above.

Real Per-Capita GDP (2009 Chained Dollars): Texas, National

Historical Real Per-Capita GDP (2009 Chained Dollars) and Population data for Texas

Date US Per-Capita GDP Texas Per-Capita GDP Texas Population
2016 $50,577 $53,795 27,862,596
2015 $50,155 $54,421 27,429,639
2014 $49,253 $52,993 26,944,751
2013 $48,538 $52,018 26,473,525
2012 $48,173 $50,266 26,071,655
2011 $47,595 $48,354 25,646,389
2010 $47,287 $47,417 25,244,310
2009 $46,680 $47,034 24,801,761
2008 $48,401 $48,282 24,309,039
2007 $49,126 $48,954 23,831,983
2006 $48,880 $47,595 23,359,580

more history ...