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Texas is once again proving that economic success is indeed possible; you just need the right leaders pushing the right policies. According to the Bureau of Economic Analysis, the Texas economy is far outpacing the United States as a whole.
Real gross domestic product (GDP) for Texas grew at an annual rate of 5% in the fourth quarter of 2023. That marks the sixth year in a row that Texas has outpaced the United States.
Governor Greg Abbott celebrated the news with the following statement: "Texas is again outpacing the nation in economic expansion and job growth thanks to the best business climate and the strongest workforce in America. Across every region of this great state, Texas offers hardworking Texans the freedom to aspire. As the eighth-largest economy in the world and home to the most innovative businesses and globally recognized brands, Texas truly is where the future is building. As we continue to invest in education, workforce development, and infrastructure, we remain focused on building an even bigger, better Texas for decades to come.”
This news comes right on the heels of Governor Abbott celebrating Texas becoming what he called "The nation's undisputed jobs leader."