>> With a population of 30,941,236 in 2024, Texas ranked sixth out of the 50 US states in terms of growth rate, having increased by an annualized 1.3% over the five years leading up to 2024. Over the five years leading up to 2024, Texas’ gross state product (GSP) increased by 3.6% to $2.2 trillion in 2024. In 2024, 13,730,292 individuals were employed by Texas businesses, with an average annual growth in employment of 1.9% during the previous five years. Real estate and rental and leasing, manufacturing, and professional, scientific, and technical services are the top three industries by total employment. In 2024, the state’s unemployment rate was 4.2%.

What are Texas’ Largest Industries by Revenue?

The largest industries by revenue in Texas are Gasoline & Petroleum Wholesaling, Oil Drilling & Gas Extraction and Petroleum Refining, which generated $486.5b, $225.9b and $225.2b in 2024.