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Texas Keeps 9 Percent Share of U.S. Economy, GDP Growth Ranked Sixth in Country

Texas sees gains in oil and gas, but lower GDP in agriculture

Mining, quarrying, and oil and gas extraction is a significant factor in the 2.9 percent growth of Texas’ gross domestic product growth this year, according to the U.S. Bureau of Economic Analysis. 

A report on the first quarter of 2018 ranks Texas as having the sixth most substantial growth in GDP, behind Washington, Utah, South Dakota, Colorado, and Wyoming.

Texas saw the 6th most growth in its GDP over the first quarter of 2018.

Texas has the second-largest share of the entire U.S. economy, following California. Texas began 2017 with 8.7 percent of the country’s overall economy, rising to 8.9 percent during the first quarter of 2018.

Texas has seen gains in professional, scientific, and technical services, transportation and warehousing, real estate, and both durable and nondurable goods manufacturing.

Industries seeing a lower GDP in Texas are agriculture, forestry, fishing, and hunting, as well as utilities.

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Davis Land

Davis Land

Senior Producer

Davis Land is Houston Public Media's senior news producer. He leads coverage for News 88.7's morning newscasts and coordinates between beat reporters, newscasters, and the Houston Matters team. Before joining Houston Public Media, Land produced for WBUR's newscast unit and Atlantic Public Media. His work has been heard on NPR's...

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