Texas Economy Hits $2.9 Trillion in 2025 as Per-Resident Output Rises Amid 419,000 Population Gain
Updated
Updated · Fox News · Jun 11
Texas Economy Hits $2.9 Trillion in 2025 as Per-Resident Output Rises Amid 419,000 Population Gain
1 articles · Updated · Fox News · Jun 11
Summary
$2.9 trillion in 2025 output put Texas at about $91,500 per resident, with federal data showing economic growth outpaced the state's rapid population increase.
Nearly 419,000 new residents arrived between 2024 and 2025—the biggest numeric gain of any state—while California lost about 76,000 and New York added roughly 135,000.
More than 82,000 jobs were added over the past year, and Texas held unemployment at 4.3%, reinforcing claims that business relocations and investment are supporting the expansion.
Low costs, strong supply chains, lower taxes and lighter regulation are cited by business leaders as key draws, though critics still point to housing, affordability and infrastructure strains.
The data strengthen Texas' case as a rising challenger to California and New York and give Republicans fresh evidence for their low-tax growth argument ahead of the 2026 midterms.
In 2025, Texas continued its impressive economic expansion, driven by a dynamic workforce and a favorable business climate. This robust growth has made Texas the premier destination for job creators from across the country and world, fueling ongoing investment, job creation, and expanded opportunities for Texans. As a result, Texas’s per capita GDP stands exceptionally strong on a global scale, reflecting broader U.S. trends where even the poorest states outperform top European economies. These factors together highlight Texas’s position as a leading economic powerhouse, with its growth expected to benefit generations to come.