Texas Economy Expands Faster Than U.S. 4 Quarters In A Row

7 Dec 2023

News

Governor Greg Abbott today celebrated Texas鈥� continuing economic momentum as new data released by the Bureau of Economic Analysis shows the Texas economy expanded faster than the nation as a whole for the fourth quarter in a row. Second quarter 2023 real GDP鈥攖he value of all goods and services produced鈥攇rew in Texas at an annual rate of 4.9%, well ahead of the U.S. which grew at 2.1%.

鈥淥pportunity knows no bounds in Texas thanks to the hardworking men and women of this great state,鈥� said Governor Abbott. 鈥淭exas鈥� continuing economic expansion, well ahead of the United States as a whole for the fourth quarter in a row, is further proof that when given the freedom to aspire, businesses invest and people prosper. Together, we continue to build a bigger, bolder Texas of tomorrow.鈥�

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