EL PASO, Texas (KFOX14/CBS4) — Texas’ economy reached a record $2.9 trillion in 2025, according to preliminary estimates released by the U.S. Bureau of Economic Analysis, marking a significant milestone for the state as it continues to outpace national economic growth, according to Texas Gov. Greg Abbott.
The state’s gross domestic product (GDP), adjusted for inflation, grew at a rate of 2.5% in 2025—faster than the overall U.S. economy.
The new figures reinforce Texas’s position as a major global economic force, with the state maintaining its ranking as the world’s eighth-largest economy when compared to individual countries, based on International Monetary Fund estimates.
Governor Greg Abbott attributed the growth to Texas’s workforce and business climate.
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The Texas economy expanded to a record high of $2.9 trillion thanks to the productivity of our skilled workforce and the entrepreneurs and businesses investing here with confidence,” Abbott said in a statement. “With the Best Business Climate in America and unmatched pro-growth policies, Texas is the premier destination for job creators from across the country and world.
State officials also noted that Texas’s growth rate surpassed that of eight of the world’s ten largest economies in 2025, underscoring its competitive position on the global stage.
Since Abbott took office in 2015, Texas’ economy has grown from $1.59 trillion to $2.9 trillion. When adjusted for inflation, that represents a 46% increase over the past 11 years.
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