Texas Economy Hits Record $2.9 Trillion

Governor touts state's pro-business policies as key to economic growth

Apr. 18, 2026 at 5:25pm

Got story updates? Submit your updates here. ›

A dynamic abstract composition of overlapping triangles and rectangles in vibrant shades of blue, red, and yellow, conveying the scale and growth of the Texas economy without any literal representations.Texas' booming economy reaches new heights, underscoring the state's appeal as a premier destination for businesses and job creation.Austin Today

The Texas economy expanded to a record $2.9 trillion in 2025, growing faster than the national economy, according to preliminary estimates from the U.S. Bureau of Economic Analysis. Governor Greg Abbott credited the state's skilled workforce, pro-business policies, and ability to attract investment as driving the economic expansion.

Why it matters

Texas' economic growth outpacing the nation underscores the state's continued appeal as a destination for businesses and job creation. The record GDP figure solidifies Texas' status as a global economic powerhouse, ranking as the 8th largest economy in the world.

The details

Texas' current-dollar GDP grew by 2.5% in 2025 when adjusted for inflation, outpacing the national growth rate. Under Governor Abbott's leadership since 2015, the Texas economy has expanded by 46% in real terms, growing from $1.59 trillion to $2.9 trillion.

  • In January 2015, the Texas economy was $1.59 trillion.
  • In 2025, the Texas economy reached a record $2.9 trillion.

The players

Greg Abbott

The Governor of Texas who has presided over the state's economic expansion since 2015.

U.S. Bureau of Economic Analysis

The federal agency that provided the preliminary estimates on the size and growth of the Texas economy.

Got photos? Submit your photos here. ›

What they’re saying

“The Texas economy expanded to a record high of $2.9 trillion thanks to the productivity of our skilled workforce and the entrepreneurs and businesses investing here with confidence.”

— Greg Abbott, Governor of Texas

The takeaway

Texas' ability to attract businesses and investment, coupled with its skilled workforce, has fueled the state's rapid economic growth, solidifying its status as a global economic powerhouse.