Texas Economy Grows Faster Than Nation In 4th Quarter Of 2024

Governor Greg Abbott today touted the strength of the expanding Texas economy as new data released by the U.S. Bureau of Economic Analysis shows the Texas economy growing at a faster rate than the nation as a whole. The state’s real gross domestic product (GDP) grew in the fourth quarter of 2024 at an annual rate of 3.5%, well ahead of the U.S. average of 2.4%.  

“Texas offers businesses the freedom to succeed and Texans the tools to prosper,” said Governor Abbott. “It is hardworking Texans who power our booming and growing economy. Year after year, we continue to lead the nation in job creation, in business location and expansion projects, and in innovation across diverse industries. With more Texans working today than ever in the history of our great state, we will build on this momentum for a stronger, more prosperous Texas.”  

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