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Texas compared to other countries. GDP is in the same range as France, Canada and Russia. Boom periods of the four major industries that built the early Texas economy. Historically four major business enterprises shaped the Texas economy prior to World War II: cattle and bison, cotton, timber, and oil. [15]
Overall, in the calendar year 2024, the United States' Nominal GDP at Current Prices totaled at $29.017 trillion, as compared to $25.744 trillion in 2022. The three U.S. states with the highest GDPs were California ($4.080 trillion), Texas ($2.695 trillion), and New York ($2.284 trillion).
Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates. Nominal GDP does not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the ...
For nearly two years, Texas has led the country in job growth, most recently adding more than 400,000 new jobs between August 2022 and 2023, according to a Department of Labor Statistics report ...
The state ranks 22nd among U.S. states with a median household income of $64,034, while the poverty rate is 14.2%, making Texas the state with 14th highest poverty rate (compared to 13.15% nationally). Texas's economy is the second-largest of any country subdivision globally, behind California.
To follow up on the economic data provided by the U.S. Global Leadership Coalition to highlight the benefits of the international affairs budget to the Texas economy, the Star-Telegram consulted ...
Texas manufacturing output grew in October, but new orders are declining and the outlook is worsening. Meanwhile, retail sales declined. Signs of trouble: New reports show Texas economy is facing ...
Canada's 2017 debt-to-GDP ratio was 89.7%, [7] compared to the United States at 107.8%. [8] According to the IMF's 2018 annual Article IV Mission to Canada, compared to all the G7 countries, including the United States, Canada's "total government net debt-to-GDP ratio", is the lowest. [9] Canada has been the G7 leader in economic growth since ...