Texas Leads Nation With Fastest Economic Expansion
31 Mar 2023
Governor Greg Abbott today released a statement lauding the strength of the Texas economy as new data released by the Bureau of Economic Analysis shows Texas leading the nation with the fastest economic expansion in the fourth quarter of 2022. As measured by the state’s gross domestic product (GDP), the value of all goods and services produced, the Texas economy expanded at an annual rate of 7%. This is the fastest growth in real GDP among all of the states and well ahead of the nation as a whole, which grew at 2.6%.