Updated: Jul 1, 2020
Ahead of South Korea and Canada, Texas alone has the 10th largest economy in the world based on GDP.
Here are 10 Mind Blowing Facts about the Texas Economy 🤯
Texas produces 40% of America's total Oil. That's a ton. ⛽️ While the Oil & Gas industry is huge, Texas is also the largest producer of wind power in America. 💨 Business Insider reported that Texas has enough crude oil to fill more than 1 million Olympic swimming pools.
The economic output of the Texas economy was $1.7 Trillion in 2017, placing us ahead of the entire country of Canada. 💵
According to Business Insider, Texas produces $13 billon worth of wine every year. Drink up, y'all. 🍷
The majority of Texas' exports go to other countries: $11.5 billion goes to China, $25.5 billion goes to Canada, and $92.4 billion goes to Mexico.
Business Insider also reported that there are 28 times the amount of businesses operating in Texas than there are in Wyoming.
Texas also makes up 10% of total manufacturing in America.
There are over 1 Million women-owned businesses in the Lone Star State.