In 2024, the real gross domestic product (GDP) of Texas was 2.17 trillion U.S. dollars. This is an increase from the previous year, when the state's real GDP stood at 2.1 trillion U.S. dollars.

Graph and download economic data for Real Gross Domestic Product: All Industry Total in Texas (TXRGSP) from 1997 to 2024 about GSP, TX, real, industry, GDP, and USA.

Graph and download economic data for Gross Domestic Product: All Industry Total in Texas (TXNQGSP) from Q1 2005 to Q2 2025 about GSP, TX, industry, GDP, and USA.

Out of all 50 states, New York had the highest per-capita real gross domestic product (GDP) in 2024, at 92,341 U.S. dollars, followed closely by Massachusetts. Mississippi had the lowest per-capita real GDP, at 41,603 U.S. dollars. While not a state, the District of Columbia had a per capita GDP of more than 210,780 U.S. dollars. What is real GDP? A country’s real GDP is a measure that shows the value of the goods and services produced by an economy and is adjusted for inflation. The real GDP of a country helps economists to see the health of a country’s economy and its standard of living. Downturns in GDP growth can indicate financial difficulties, such as the financial crisis of 2008 and 2009, when the U.S. GDP decreased by 2.5 percent. The COVID-19 pandemic had a significant impact on U.S. GDP, shrinking the economy 2.8 percent. The U.S. economy rebounded in 2021, however, growing by nearly six percent. Why real GDP per capita matters Real GDP per capita takes the GDP of a country, state, or metropolitan area and divides it by the number of people in that area. Some argue that per-capita GDP is more important than the GDP of a country, as it is a good indicator of whether or not the country’s population is getting wealthier, thus increasing the standard of living in that area. The best measure of standard of living when comparing across countries is thought to be GDP per capita at purchasing power parity (PPP) which uses the prices of specific goods to compare the absolute purchasing power of a countries currency.

Texas GDP - Historical chart and current data through 2024.

The gross domestic product (GDP) of California was about 4.1 trillion U.S. dollars in 2024, meaning that it contributed the most out of any state to the country’s GDP in that year. In contrast, Vermont had the lowest GDP in the United States, with 45.71 billion U.S. dollars. What is GDP? Gross domestic product, or GDP, is the total monetary value of all goods and services produced by an economy within a certain time period. GDP is used by economists to determine the economic health of an area, as well as to determine the size of the economy. GDP can be determined for countries, states and provinces, and metropolitan areas. While GDP is a good measure of the absolute size of a country's economy and economic activity, it does account for many other factors, making it a poor indicator for measuring the cost or standard of living in a country, or for making cross-country comparisons. GDP of the United States The United States has the largest gross domestic product in the world as of 2023, with China, Japan, Germany, and India rounding out the top five. The GDP of the United States has almost quadrupled since 1990, when it was about 5.9 trillion U.S. dollars, to about 25.46 trillion U.S. dollars in 2022.

In 2023, the GDP of the Dallas-Fort Worth metro area amounted to around 613.38 U.S. dollars, an increase on the previous year. The Dallas-Fort Worth metro area The Dallas–Fort Worth–Arlington Metropolitan Statistical Area is composed of 12 counties within the U.S. state of Texas. Dallas–Plano–Irving and Fort Worth–Arlington are the two metropolitan divisions of the area. It is the economic and cultural hub of North Texas or North Central Texas, and is commonly referred to as the Dallas/Fort Worth metro area, DFW or The Metroplex by residents. Estimates of the 2022 population of the Metroplex were roughly 7.94 million inhabitants. The Dallas Cowboys The Dallas Cowboys are a well-known sports team from the city of Dallas in the Dallas/Fort Worth metroplex. The Dallas Cowboy’s franchise value has risen greatly since 2002. The franchise was valued at 784 million U.S. dollars in 2002. As of 2022, the Dallas Cowboys franchise was valued around nine billion U.S. dollars. The Dallas Cowboys also ranked first on a list in terms of 2022 revenue of national football league teams, being the only team to have generated more than a billion U.S. dollars in revenue that year, about 406 million more U.S. dollars than the second ranked team, the Las Vegas Raiders. In 2022, the average ticket price for Dallas Cowboys games was 108 U.S. dollars.

Chain-Type Quantity Index for Real GDP: All Industry Total in Texas was 130.29200 Index 2009=100 in January of 2024, according to the United States Federal Reserve. Historically, Chain-Type Quantity Index for Real GDP: All Industry Total in Texas reached a record high of 130.29200 in January of 2024 and a record low of 51.58300 in January of 1997. Trading Economics provides the current actual value, an historical data chart and related indicators for Chain-Type Quantity Index for Real GDP: All Industry Total in Texas - last updated from the United States Federal Reserve on November of 2025.

Graph and download economic data for Total Gross Domestic Product for Austin-Round Rock, TX (MSA) (NGMP12420) from 2001 to 2023 about Austin, TX, industry, GDP, and USA.

Chain-Type Quantity Index for Real GDP: State and Local in Texas was 111.96600 Index 2009=100 in January of 2024, according to the United States Federal Reserve. Historically, Chain-Type Quantity Index for Real GDP: State and Local in Texas reached a record high of 111.96600 in January of 2024 and a record low of 72.44000 in January of 1998. Trading Economics provides the current actual value, an historical data chart and related indicators for Chain-Type Quantity Index for Real GDP: State and Local in Texas - last updated from the United States Federal Reserve on October of 2025.

Chain-Type Quantity Index for Real GDP: Private Services-Providing Industries in Texas was 133.80400 Index 2009=100 in January of 2024, according to the United States Federal Reserve. Historically, Chain-Type Quantity Index for Real GDP: Private Services-Providing Industries in Texas reached a record high of 133.80400 in January of 2024 and a record low of 49.53600 in January of 1997. Trading Economics provides the current actual value, an historical data chart and related indicators for Chain-Type Quantity Index for Real GDP: Private Services-Providing Industries in Texas - last updated from the United States Federal Reserve on November of 2025.

Per Capita Personal Income in Texas was 67942.00000 $ in January of 2024, according to the United States Federal Reserve. Historically, Per Capita Personal Income in Texas reached a record high of 67942.00000 in January of 2024 and a record low of 254.00000 in January of 1933. Trading Economics provides the current actual value, an historical data chart and related indicators for Per Capita Personal Income in Texas - last updated from the United States Federal Reserve on December of 2025.

In 2024, the finance, real estate, insurance, rental, and leasing industry added the most value to the GDP of the United States. In that year, this industry added 6.2 trillion U.S. dollars to the national GDP. Gross Domestic Product Gross domestic product is a measure of how much a country produces in a certain amount of time. Countries with a high GDP tend to have large economies, for example, the United States. However, GDP does not take into consideration the cost of living and inflation rates, so it is not a good measure of the standard of living. GDP per capita at purchasing power parity is thought to be more reflective of living conditions within a particular country. U.S. GDP California added the largest amount of value to the real GDP of the U.S. in 2022. California was followed by Texas and New York. In California, the professional and business services industry was the most valuable to GDP in 2022. In New York, the finance, insurance, real estate, rental, and leasing industry added the most value to the state GDP. While the business sector added the highest value to the U.S. real GDP in 2021, it was the information industry that had the biggest percentage change in value added to the GDP between 2010 and 2021.

Chain-Type Quantity Index for Real GDP: Educational Services (NAICS 61) in Texas was 119.14700 Index 2009=100 in January of 2024, according to the United States Federal Reserve. Historically, Chain-Type Quantity Index for Real GDP: Educational Services (NAICS 61) in Texas reached a record high of 119.14700 in January of 2024 and a record low of 51.03000 in January of 1997. Trading Economics provides the current actual value, an historical data chart and related indicators for Chain-Type Quantity Index for Real GDP: Educational Services (NAICS 61) in Texas - last updated from the United States Federal Reserve on November of 2025.

The private equity sector, and the economic activity related to it, in the United States is estimated to have contributed to the country's gross domestic product (GDP) with over *** trillion U.S. dollars in 2024. California, Texas, Florida, and New York were the states with the highest employment, wages, and GDP related to PE activity.

Chain-Type Quantity Index for Real GDP: Utilities (NAICS 22) in Texas was 121.50000 Index 2009=100 in January of 2024, according to the United States Federal Reserve. Historically, Chain-Type Quantity Index for Real GDP: Utilities (NAICS 22) in Texas reached a record high of 125.17700 in January of 2023 and a record low of 77.97800 in January of 1998. Trading Economics provides the current actual value, an historical data chart and related indicators for Chain-Type Quantity Index for Real GDP: Utilities (NAICS 22) in Texas - last updated from the United States Federal Reserve on November of 2025.

Graph and download economic data for Gross Domestic Product: State and Local in Texas (TXGOVSLNGSP) from 1997 to 2024 about state & local, GSP, TX, government, industry, GDP, and USA.

Chain-Type Quantity Index for Real GDP: Professional and Business Services (NAICS 54, 55, 56) in Texas was 158.69700 Index 2009=100 in January of 2024, according to the United States Federal Reserve. Historically, Chain-Type Quantity Index for Real GDP: Professional and Business Services (NAICS 54, 55, 56) in Texas reached a record high of 158.69700 in January of 2024 and a record low of 41.44700 in January of 1997. Trading Economics provides the current actual value, an historical data chart and related indicators for Chain-Type Quantity Index for Real GDP: Professional and Business Services (NAICS 54, 55, 56) in Texas - last updated from the United States Federal Reserve on December of 2025.

Chain-Type Quantity Index for Real GDP: Military in Texas was 97.03300 Index 2009=100 in January of 2024, according to the United States Federal Reserve. Historically, Chain-Type Quantity Index for Real GDP: Military in Texas reached a record high of 112.97700 in January of 2009 and a record low of 65.44700 in January of 1997. Trading Economics provides the current actual value, an historical data chart and related indicators for Chain-Type Quantity Index for Real GDP: Military in Texas - last updated from the United States Federal Reserve on November of 2025.

Graph and download economic data for Total Gross Domestic Product for Dallas-Fort Worth-Arlington, TX (MSA) (NGMP19100) from 2001 to 2023 about Dallas, TX, industry, GDP, and USA.