The Texas: Texas Continues to Lead Nation in Economic Growth, Report Shows

New data from the Bureau of Economic Analysis shows Texas once again led the nation in economic growth during the third quarter of 2019.

With a 4.0 percent growth rate, Texas was 0.8 points ahead of the next-closest state: Utah. This growth is down from its Q1 and Q2 rates of 5.3 percent and 4.7 percent, respectively.

Texas economic growth amounted to 8.8 percent of the entire economic growth in the United States during the quarter and represented 74 percent of the Southwest region (AZ, NM, OK, and TX). In total, the Lone Star state posted nearly $1.9 trillion in GDP.

In terms of current-dollar GDP, only California brought in more at $3.2 trillion in the third quarter.

By industry, the “durable goods manufacturing” sector had the largest growth rate in Texas at 1.17 percent.

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