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Texas personal income growth
Texas led the U.S. in economic expansion from Q3 to Q4 2022. [Graphic: U.S. Bureau of Economic Analysis]
Report: Texas Leads U.S. With Fastest Economic Expansion
by Dallas Innovates | Staff Report | Apr 4, 2023
Texas led all 50 states with 7% real GDP growth in the fourth quarter of 2022, according to a report released Friday by the U.S. Bureau of Economic Analysis. The Lone Star State far outpaced the nation as a whole, which grew at a rate of 2.6%. Governor Abbott lauded the report, which also showed that personal income in the state rose by 7.7% in Q4.
