Texas Economy Nearly Doubles U.S. Growth

AUSTIN, TX – Governor Greg Abbott today celebrated the strength of Texas’ robust economy as new data released by the U.S. Bureau of Economic Analysis (BEA) shows the Texas economy growing at a faster rate than the nation as a whole.

The state’s real gross domestic product (GDP) expanded in the second quarter of 2025 at an annual rate of 6.8.%, well ahead of the U.S. rate of 3.8%.     

“Texas is where free enterprise flourishes and families prosper,” said Governor Abbott. “Thanks to the productivity of our skilled and growing workforce and our pro-growth economic policies, Texas is where the American Dream lives. We will continue to cut red tape, streamline regulations, and invest in career and technical training to build on this momentum for a bigger, better Texas for generations to come.”  

GDP is the value of all goods and services produced. Data from BEA also shows personal incomes in Texas increased in the 2nd quarter at an annual rate of 6.4%, ahead of the national average of 5.5%.

On Wednesday, Governor Abbott touted Texas' booming economy and finance sector during a fireside chat at the second annual Texas Economic Development Corporation Investor Summit.