U.S. GDP RANK #2 · TX 9.55% OF U.S. GDP
Texas Economy: GDP, Income, Jobs & Housing
In 2025, Texas (TX) generated $2,932.3 billion in nominal Gross Domestic Product (9.55% of the U.S. economy, ranked #2 nationwide) and $2,334.6 billion in real chained 2017 dollars. Per-capita personal income stood at $73,156 across a resident population of 31.71 million.
2025 Nominal GDP
$2,932.3B
U.S. Rank #2
Real GDP Growth
+2.85% 5Y Real: +30.8%
Per-Capita Income $73,156 BEA Personal Income
Avg Wage / Job $77,640 20.64M total jobs
Population 31.71M
10Y: +15.8%
5Y Home Price
+47.3% FHFA Index: 523.8
BEA & FHFA REGIONAL SERIES · 1997-2025
Texas GDP, Per-Capita Income & House Price Trajectory
Texas Historical Economic Ledger (1997-2025)
| Year | Nominal GDP ($B) | Real GDP ($B) | Real YoY % | Per-Capita Inc | Avg Wage/Job | Jobs (M) | FHFA HPI |
|---|---|---|---|---|---|---|---|
| 2025 | $2,932.3B | $2,334.6B | 2.85% | $73,156 | $77,640 | 20.64M | 523.8 |
| 2024 | $2,806.1B | $2,269.9B | 3.70% | $70,185 | $74,972 | 20.56M | 514.7 |
| 2023 | $2,678.6B | $2,188.9B | 9.18% | $67,836 | $71,891 | 20.08M | 500.8 |
| 2022 | $2,494.1B | $2,004.8B | 4.48% | $63,783 | $69,136 | 19.52M | 485.1 |
| 2021 | $2,131.2B | $1,918.9B | 7.48% | $60,451 | $65,510 | 18.58M | 406.9 |
| 2020 | $1,813.6B | $1,785.3B | -1.17% | $54,838 | $62,320 | 17.72M | 355.5 |
| 2019 | $1,864.8B | $1,806.5B | 3.44% | $53,283 | $59,314 | 17.92M | 339.7 |
| 2018 | $1,808.0B | $1,746.4B | 4.75% | $51,359 | $57,299 | 17.62M | 324.2 |
| 2017 | $1,667.3B | $1,667.3B | 2.05% | $48,535 | $55,416 | 17.11M | 306.0 |
| 2016 | $1,583.0B | $1,633.9B | -0.02% | $45,880 | $53,909 | 16.69M | 285.8 |
| 2015 | $1,586.0B | $1,634.1B | 4.78% | $46,778 | $53,783 | 16.42M | 266.8 |
| 2014 | $1,592.2B | $1,559.6B | 3.16% | $46,758 | $52,679 | 16.00M | 248.9 |
| 2013 | $1,526.8B | $1,511.8B | 5.11% | $44,415 | $50,667 | 15.53M | 232.3 |
| 2012 | $1,429.6B | $1,438.4B | 4.98% | $43,880 | $50,090 | 15.10M | 222.5 |
| 2011 | $1,351.8B | $1,370.2B | 3.56% | $41,954 | $48,299 | 14.68M | 219.3 |
| 2010 | $1,255.7B | $1,323.1B | 2.92% | $38,925 | $46,517 | 14.26M | 222.4 |
| 2009 | $1,179.2B | $1,285.6B | -0.13% | $37,244 | $45,255 | 14.20M | 225.1 |
| 2008 | $1,253.1B | $1,287.2B | -0.13% | $39,841 | $45,536 | 14.37M | 224.7 |
| 2007 | $1,198.6B | $1,288.8B | 5.20% | $36,879 | $44,247 | 14.01M | 220.8 |
| 2006 | $1,108.2B | $1,225.1B | 7.15% | $35,422 | $42,045 | 13.49M | 209.9 |
| 2005 | $1,003.7B | $1,143.4B | 2.90% | $33,136 | $39,748 | 13.00M | 198.7 |
| 2004 | $921.2B | $1,111.2B | 5.61% | $31,097 | $38,058 | 12.59M | 190.3 |
| 2003 | $840.9B | $1,052.1B | 0.92% | $30,176 | $36,494 | 12.37M | 185.2 |
| 2002 | $796.4B | $1,042.6B | 2.16% | $29,481 | $35,679 | 12.29M | 179.7 |
| 2001 | $780.2B | $1,020.5B | 3.09% | $29,601 | $35,487 | 12.28M | 173.5 |
| 2000 | $742.2B | $989.9B | 3.41% | $28,253 | $34,415 | 12.14M | 162.7 |
| 1999 | $683.3B | $957.2B | 4.04% | $26,452 | $32,436 | 11.76M | 153.3 |
| 1998 | $648.2B | $920.1B | 6.98% | $25,543 | $31,051 | 11.54M | 145.5 |
| 1997 | $610.7B | $860.0B | - | $23,924 | $29,241 | 11.17M | 138.7 |