Texas’ economy grew faster than the national average in the second quarter of 2025, according to new data from the U.S. Bureau of Economic Analysis (BEA). The state’s real gross domestic product (GDP) increased at an annual rate of 6.8%, outpacing the U.S. rate of 3.8%.
Governor Greg Abbott highlighted these figures as evidence of Texas’ strong economic position. “Texas is where free enterprise flourishes and families prosper,” said Governor Abbott. “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 region. The BEA data also showed that personal incomes in Texas rose at an annual rate of 6.4% during the same period, exceeding the national increase of 5.5%.
Governor Abbott discussed Texas’ economic performance and its finance sector during a fireside chat at the second annual Texas Economic Development Corporation Investor Summit held on Wednesday.
