Four Reasons Texas is an Economic Powerhouse

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Oil Derrick by Sarah Nichols CC BY-SA 2.0

Oil Derrick by Sarah Nichols CC BY-SA 2.0

The State of Texas is an economic powerhouse, and here are four reasons why!

Economic growth

Texas accounts for about 9% of the US GDP.  Texas has the 12th largest economy in the world.

Global Gateway

17% of USA exports are from Texas.  67% of truck and 87% of rail crossings occur in Texas.  $240B passes through Laredo each year.

Energy Sector

Petroleum products accounted for $51B of $265B in Texas exports.

Population Growth

12% of the US population lives in Texas, a 20% increase from the decade before.