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About: Economy of Texas     Goto   Sponge   NotDistinct   Permalink

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The economy of the State of Texas is the second largest by GDP in the United States after that of California. It has a gross state product of $2.0 trillion as of 2021. In 2011, Texas was home to six of the biggest 50 companies, and 51 in total, in the Fortune 500 (the third most after New York and California). As of 2021, Texas grossed more than $300 billion a year in exports—more than the exports of California ($175 billion) and New York ($100 billion) combined.