Texas Vs. California Economy: Which State Is Best For Business?
3 Oct 2022
Texas and California are the nation’s most populous states. Both tout the United States’ largest GDP, a comprehensive indicator of economic size and health. The Lone Star and Golden States are veritable powerhouses that attract corporate headquarters, talent, and capital, but they also have differing public policies that factor into the operations of doing business. Entrepreneurs and business owners must decide which environment is most conducive to long-term success.
GDP & Texas Economy
The Lone Star State has consistently ranked among the nation’s leading contenders for GDP growth in recent years. The $1.9 trillion Texas economy is one of the Top 10 -largest in the world, and the last quarter of 2021 realized a 10.1 percent uptick in the annual rate growth of real gross domestic product.