Top Texas Touts: Economy

From the Governor’s Office

• The $2.4 trillion Texas economy is now the eighth-largest economy among the nations of the world, larger than Russia, Canada, Italy and more.

• Texas is the top state for Fortune 500 headquarters, now at 55.

• Texas is the 2023 State of the Year for the best-in-nation business climate and job growth.

• Texas is ranked as the Best Business Climate in the nation.

• Texas produces 23% of U.S. GDP, the value of all goods and services produced.

• Texas accounts for 22% of U.S. exports.

• Texas is the top exporting state, now for 21 years in a row.

• Texas is the top semiconductor exporting state, now 12 years in a row

• Texas is the top tech exporting state for 10 years in a row.

• Texas has been named by CEOs as the Best State for Business 19 years in a row.

• Texas is among the Best States to Start a Business.

• Texas is the top state for corporate relocation and expansion projects, winning the Governor’s Cup 11 years in a row.

• Texas is the top state for high-value business investments with significant job creation.

• Texas has attracted more than 290 corporate headquarters since 2015.

• Texas is the top state for foreign direct investments over the last 20 years and a top global destination.