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Texas must work to retain crown as biggest exporting state

Tomlinson: Texas must work to retain crown as biggest exporting state By Chris Tomlinson, Staff writer If Texas were a country … Popular Searches At least once a week, I read that phrase in some report or another to express the size and importance of the state’s economy. But it’s a lousy premise, because if we broke out every country’s states and provinces, especially China’s, Texas’s ranking would drop pretty quick in comparison. The Lone Star is globally important without skewing the statistics and could become more so if we make the right investments. Texas brought in more revenue from exports than any other state in 2020 for the 19th consecutive year, according to the Census Bureau. Our exports were worth $279 billion compared to $156 billion from California and $61.9 billion from New York.

Texas must work to retain crown as biggest exporting state

Texas must work to retain crown as biggest exporting state
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Texas must work to retain crown as biggest exporting state

Texas must work to retain crown as biggest exporting state
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Report: Texas Has 9th Largest Economy In The World

By Texas News Desk Feb 2, 2021 A new report says Texas has the ninth largest economy in the world. Yesterday, the San Marcos Corridor News reported that the non profit Texas Economic Development Corporation s report places Texas in ninth place based on 2019 gross domestic product data from the International Monetary Fund. This means Texas is ahead of Canada, South Korea and Brazil. Texas, with a GDP of 1.9 trillion, is just behind Italy s two-trillion and a step ahead of Brazil at 1.8 trillion. Photo: Getty Images

Texas enters 2021 as world s 9th largest economy by GDP

Texas enters 2021 as world s 9th largest economy by GDP News provided by Share this article Share this article AUSTIN, Texas, Jan. 27, 2021 /PRNewswire/  Texas enters 2021 as the world s ninth largest economy, proof of the success of a long-term strategy to make Texas the best place to start or relocate a business, said Robert Allen, President and CEO of the Texas Economic Development Corporation. This is more than just a statistic, Allen said. The fact that our state, if it were a nation, would be the world s ninth largest economy shows that Texas is well positioned to outperform economically, regardless of the challenges that may lie ahead.

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