Texas GDP was $1,985,318,000,000 in 2021 according to BEA data. Texas GDP represents 8.63% of US GDP which made it the 2nd largest state economy in the nation in 2021.
Real GDP (2021 Dollars) in Texas
2021 (Billions) |
1 Year Change | 3 Year Change | 5 Year Change | |
---|---|---|---|---|
Texas | $1,985.318 | +7.35% | +2.24% | +12.32% |
Trends in Texas Real GDP
Over the 5 years ending in 2021 the Texas economy grew in real terms by 12.32% at a compound annual growth rate of 2.35% per year. Real Texas GDP, at $1,985.318 bn in 2021, is at the highest level recorded to date.
Real GDP (2021 Dollars): Texas
Historical Real GDP (2021 Dollars) data for Texas
Date | Texas (Billions) |
---|---|
2021 | $1,985.318 |
2020 | $1,849.362 |
2019 | $1,964.809 |
2018 | $1,941.742 |
2017 | $1,842.461 |
2016 | $1,767.619 |
2015 | $1,779.093 |
2014 | $1,803.516 |
2013 | $1,762.673 |
2012 | $1,682.251 |
2011 | $1,617.434 |
2010 | $1,533.642 |
2009 | $1,456.963 |
2008 | $1,559.932 |
2007 | $1,521.877 |
2006 | $1,447.669 |
2005 | $1,346.316 |
2004 | $1,274.406 |
2003 | $1,193.861 |
2002 | $1,153.836 |
2001 | $1,147.418 |
2000 | $1,120.631 |
1999 | $1,054.790 |
1998 | $1,015.013 |
1997 | $970.770 |
Texas GDP Components: Per-Capita GDP & Popuation
Texas per-capita GDP was $67,235 in 2021. which is $1,986 lower than the US per-capita GDP.
Real GDP (2021 Dollars) in Texas
2021 | 1 Year Change | 3 Year Change | 5 Year Change | |
---|---|---|---|---|
US Per-Capita GDP | $69,221 | +5.53% | +3.34% | +7.37% |
Texas Per-Capita GDP | $67,235 | +6.22% | -0.88% | +6.18% |
Texas Population | 29,527,941 | +1.06% | +3.16% | +5.78% |
Trends Real in Texas Real Per-Capita GDP & Population
Real Texas per-capita GDP is 6.18% higher today than 5 years prior in 2016. In that time the population in Texas grew by 1,613,877 (5.78%) people. The per-capita GDP growth plus the population growth are approximatly equal to the GDP growth Texas shown above.
Real Per-Capita GDP (2021 Dollars): Texas, National
Historical Real Per-Capita GDP (2021 Dollars) and Population data for Texas
Date | US Per-Capita GDP | Texas Per-Capita GDP | Texas Population |
---|---|---|---|
2021 | $69,221 | $67,235 | 29,527,941 |
2020 | $65,595 | $63,296 | 29,217,653 |
2019 | $68,164 | $67,783 | 28,986,794 |
2018 | $66,987 | $67,835 | 28,624,564 |
2017 | $65,472 | $65,125 | 28,291,024 |
2016 | $64,472 | $63,324 | 27,914,064 |
2015 | $63,906 | $64,768 | 27,468,531 |
2014 | $62,711 | $66,888 | 26,963,092 |
2013 | $61,792 | $66,567 | 26,479,646 |
2012 | $61,132 | $64,493 | 26,084,120 |
2011 | $60,234 | $63,069 | 25,645,504 |
2010 | $59,785 | $60,758 | 25,241,897 |
2009 | $58,700 | $58,744 | 24,801,761 |
2008 | $60,801 | $64,171 | 24,309,039 |
2007 | $61,300 | $63,859 | 23,831,983 |
2006 | $60,671 | $61,973 | 23,359,580 |
2005 | $59,591 | $59,106 | 22,778,123 |
2004 | $58,122 | $56,908 | 22,394,023 |
2003 | $56,474 | $54,190 | 22,030,931 |
2002 | $55,447 | $53,196 | 21,690,325 |
2001 | $55,044 | $53,820 | 21,319,622 |
2000 | $55,069 | $53,505 | 20,944,499 |
1999 | $53,494 | $52,623 | 20,044,141 |
1998 | $51,633 | $51,491 | 19,712,389 |
1997 | $49,997 | $50,155 | 19,355,427 |