If Texas were a country: economy in figures
Here are some common yet curious facts about the economy of the Lone Star State, against the backdrop of the ongoing border standoff between Texas Governor Greg Abbott and the Biden administration.
▪️Texas is currently in the top-ten list of the world’s largest economies and it ranks second among US states after California, according to the state’s official website;
▪️In the third quarter of 2023, Texas accounted for 9.1% of the entire US economy;
▪️The Texas economy (valued at more than $2.4 trillion) grew faster than the nation as a whole for the fifth quarter in a row, increasing at a rate of 7.7% during the third quarter of 2023;
▪️There are over 100 of the 1,000 largest public and private companies in the US based there, including such behemoths as AT&T, ExxonMobil and Dell;
▪️The largest industries by revenue in Texas are gasoline and petroleum wholesaling, as well as oil drilling and gas extraction, plus petroleum refining, which generated $298.1 billion, $210.9 billion and $170.2 billion in 2023, respectively, per IBISWorld;
▪️The Lone Star State leads America as the top producer of both crude oil and natural gas, with nearly 480,000 miles of pipelines running across its territory;
▪️The state is home to one-fourth of the nation's proved natural gas reserves and is Number 2 in total LNG exports;
▪️Texas remains the largest exporter among US states. Its biggest exports pertain to oil and petroleum products, as well as computer parts, aircraft parts and integrated circuits. Late last year, Texas exports totaled about $36 billion;
▪️Texas gained the most jobs in the nation over the last 12 months, registering an increase of 369,600 jobs from December 2022 to December 2023.
Subscribe to @geopolitics_live

Visa ditt stöd till det informationsarbete Carl genomför


Scanna QR eller skicka till 076-118 25 68. Mottagare är Caroline Norberg.


Här kan du visa ditt stöd genom att bli månadsgivare på Patreon.


Bidra genom att Swisha till 076-118 25 68, mottagare är Caroline Norberg.

De Fria

Besök folkrörelsen som jobbar för demokrati genom en medveten och upplyst befolkning!
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram