Department of Numbers

Texas GDP

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.

Show dollars as: Nominal Real

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

more history ...

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.

Show dollars as: Nominal Real

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

more history ...