Texas’ economy outpaced the national average in the second quarter of 2025, according to data from the U.S. Bureau of Economic Analysis (BEA). The state’s real gross domestic product (GDP) grew at an annual rate of 6.8%, compared to the U.S. rate of 3.8%.
Governor Greg Abbott commented on these figures, stating: “Texas is where free enterprise flourishes and families prosper. 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 measures the value of all goods and services produced within a state or country. The BEA data also showed that personal incomes in Texas rose at an annual rate of 6.4% during the same period, which is higher than the national average increase of 5.5%.
Earlier this week, Governor Abbott highlighted Texas’ economic growth and its finance sector during a discussion at the second annual Texas Economic Development Corporation Investor Summit.
