Texas Economy and GDP are One of the Best in the Country

In the past, when people speak or report on the economy they speak in very broad terms, meaning they speak of the American economy. But that does not always tell the whole story. But that approach can overlook crucial differences between individual states. After all, just because San Francisco’s burgeoning tech startup scene is driving numbers higher for the country doesn’t mean that laid-off auto and steelworkers in the Midwest are sharing in the riches.

GOBankingRates conducted a study to rank all the states by their economic growth in early 2019, showing which states are driving the current economic boom and which are falling behind. The study considers various perspectives on GDP growth and labor force participation, including GDP growth from the last quarter of 2018 to the first quarter of 2019 as well as average month-over-month growth. See which states are bolstering America’s GDP — and which are struggling to find a new path forward in today’s economy.

According to the results of the study, Texashas the top-performing economy in the nation with a GDP growth from Q4 2018 to Q1 2019 5.1% and an average month-over-month growth: 4.4%.

North Dakota ranked at the top of the study followed in the top 5 by Texas, Utah, Colorado and South Dakota.

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