The economy of Texas is one of the largest growing economies in the United States The United States of America is a federal constitutional republic comprising fifty states and a federal district. The country is situated mostly in central North America, where its forty-eight contiguous states and Washington, D.C., the capital district, lie between the Pacific and Atlantic Oceans, bordered by Canada to the north and Mexico to the. In 2006, Texas Texas ( /ˈtɛksəs/ ) is a state in the South Central United States, nicknamed the Lone Star State. It is bordered by Mexico to the south, New Mexico to the west, Oklahoma to the north, Arkansas to the northeast, and Louisiana to the east. Texas is the second largest U.S. state in both area and population, with an area of 268,820 square miles (696 was home to six of the top 50 companies on the Fortune 500 The Fortune 500 is an annual list compiled and published by Fortune magazine that ranks the top 500 U.S. closely held and public corporations as ranked by their gross revenue after adjustments made by Fortune to exclude the impact of excise taxes companies collect. The list includes publicly and privately-held companies for which revenues are list and 56 overall, more than any other state. ^[1] Texas has an economy that was the second This article presents a list of U.S. states sorted by their gross state product . GSP is the state counterpart of the national gross domestic product (GDP), the most comprehensive measure of national economic activity. The United States Bureau of Economic Analysis (BEA) derives GSP for a state as the sum of the GSP originating in all the largest in the nation and the 15th This is a comparison between U.S. states and countries by Gross Domestic Product . Many of the states of the United States have large Gross Domestic Product (called gross state product) which would rank highly on a list of countries world GDP. All data is for the year 2005 largest in the world based on GDP (nominal) figures. As the largest exporter of goods in the United States, Texas currently grosses more than $100 billion a year in trade with other nations.

In 2008, Texas had a gross state product The gross domestic product or gross domestic income (GDI), a basic measure of an economy's economic performance, is the market value of all final goods and services made within the borders of a nation in a year. GDP can be defined in three ways, all of which are conceptually identical. First, it is equal to the total expenditures for all final of $1.245 trillion,^[2] the second This article presents a list of U.S. states sorted by their gross state product . GSP is the state counterpart of the national gross domestic product (GDP), the most comprehensive measure of national economic activity. The United States Bureau of Economic Analysis (BEA) derives GSP for a state as the sum of the GSP originating in all the highest in the U.S.^[3] The Gross state product Gross state product is a measurement of the economic output of a state or province. It is the sum of all value added by industries within the state and serves as a counterpart to the gross domestic product or GDP per capita as of 2005 was $42,975.

Texas had the second largest workforce in the United States,^[4] with almost 11 million civilian workers. The lack of personal income tax State income tax is an income tax in the United States that is levied by each individual state. Seven states choose to impose no income tax. These states are Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming. Additionally, New Hampshire and Tennessee limit their state income taxes to dividends and interest income only. One as well as the largely undervalued real estate throughout Texas Texas ( /ˈtɛksəs/ ) is a state in the South Central United States, nicknamed the Lone Star State. It is bordered by Mexico to the south, New Mexico to the west, Oklahoma to the north, Arkansas to the northeast, and Louisiana to the east. Texas is the second largest U.S. state in both area and population, with an area of 268,820 square miles (696 has led to large growth in population. Since the 2003 legislature the Governor's office has made economic development a top priority.

Much economic activity in Texas is regional. For example, the timber industry This category includes articles dealing with commercial lumber products, Lumber mills, notable timber industry businesspeople, and the cities and regions affected economically by the timber industry is important in East Texas According to the Handbook of Texas, the East Texas area "may be separated from the rest of Texas roughly by a line extending from the Red River in north central Lamar County southwestward to east central Limestone County and then southeastward to Galveston Bay", though some separate the Gulf Coast area into a separate region's economy but a non-factor elsewhere. Houston Houston is the fourth-largest city in the United States and the largest city within the state of Texas. As of the 2007 U.S. Census estimate, the city has a population of 2.2 million within an area of 600 square miles (1,600 km²). Houston is the seat of Harris County and the economic center of the Houston–Sugar Land–Baytown metropolitan area—, the state's largest urban economic enclave stands at the center of the petrochemical Petrochemicals are chemical products made from raw materials of petroleum or other hydrocarbon origin. Although some of the chemical compounds that originate from petroleum may also be derived from coal and natural gas, petroleum is the major source. The largest petrochemical industries are to be found in the USA and Western Europe, though the, biomedical Biomedical research , in general simply known as medical research, is the basic research, applied research, or translational research conducted to aid the body of knowledge in the field of medicine. Medical research can be divided into two general categories: the evaluation of new treatments for both safety and efficacy in what are termed clinical research trades, shipping, and aerospace (particularly NASA The National Aeronautics and Space Administration is an agency of the United States government, responsible for the nation's public space program. NASA was established on July 29, 1958, by the National Aeronautics and Space Act). Dallas/Fort Worth houses the state's predominant defense The defense industry, also called the military industry, comprises government and commercial industry involved in research, development, production, and service of military equipment and facilities. It includes: manufacturing interests and the expansive information technology Information technology , as defined by the Information Technology Association of America (ITAA), is "the study, design, development, implementation, support or management of computer-based information systems, particularly software applications and computer hardware." IT deals with the use of electronic computers and computer software to labor market. West Texas and the panhandle is dominated by ranching and the petroleum industry.

Texas's growth can be attributed to the availability of jobs, the low cost of housing, the lack of a personal state income tax State income tax is an income tax in the United States that is levied by each individual state. Seven states choose to impose no income tax. These states are Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming. Additionally, New Hampshire and Tennessee limit their state income taxes to dividends and interest income only. One, the quality of higher education, low taxation and limited regulation of business A business is a legally recognized organization designed to provide goods and/or services to consumers. Businesses are predominant in capitalist economies, most being privately owned and formed to earn profit that will increase the wealth of its owners and grow the business itself. The owners and operators of a business have as one of their main, a central geographic location, a limited government The Texas Legislature is the state legislature of the U.S. state of Texas. The legislature is a bicameral body composed of the upper house Texas Senate with 31 members, and the lower Texas House of Representatives with 150 members. The Legislature meets at the Texas State Capitol in Austin. In Texas, the legislature is arguably considered the most, favorable weather Texas's climate varies widely, from arid in the west to wet in the east. Due to its large size, Texas is home to several different climates. Texas ranks first in tornado occurrence with an average of 139 per year. There are several distinct regions within the state which have varying climates: Northern Plains, Big Bend Country, Texas Hill Country,, and plentiful supplies of oil and natural gas. There are currently 35 billionaires residing in Texas today. Dallas has 27 billionaires, the most of any city in Texas.

Texas has the highest number of Fortune 500 The Fortune 500 is an annual list compiled and published by Fortune magazine that ranks the top 500 U.S. closely held and public corporations as ranked by their gross revenue after adjustments made by Fortune to exclude the impact of excise taxes companies collect. The list includes publicly and privately-held companies for which revenues are company headquarters in the United States, fifty-eight.^[5] This has been attributed to both the growth in population in Texas and the rise of oil prices in 2005. Houston has the second highest number of Fortune 500 companies in the US, second to New York.

History

Texas remained largely rural until World War II World War II, or the Second World War , was a global military conflict which involved a majority of the world's nations, including all of the great powers, organized into two opposing military alliances: the Allies and the Axis. The war involved the mobilization of over 100 million military personnel, making it the most widespread war in history, with cattle ranching A ranch is an area of landscape, including various structures, given primarily to the practice of ranching, the practice of raising grazing livestock such as cattle or sheep for meat or wool. The word most often applies to livestock-raising operations in the western United States and Canada, though there are ranches in other areas. People who own, oil, and agriculture Agriculture refers to the production of food and goods through farming and forestry. Agriculture was the key development that led to the rise of civilization, with the husbandry of domesticated animals and plants creating food surpluses that enabled the development of more densely populated and stratified societies. The study of agriculture is as its main industries. Cattle ranching was never Texas's chief industry – before the oil boom back to the period of the first Anglo settlers, the chief industry was cotton Cotton is a soft, staple fiber that grows in a form known as a boll around the seeds of the cotton plant, a shrub native to tropical and subtropical regions around the world, including the Americas, India and Africa. The fiber most often is spun into yarn or thread and used to make a soft, breathable textile, which is the most widely used natural- farming. After World War II World War II, or the Second World War , was a global military conflict which involved a majority of the world's nations, including all of the great powers, organized into two opposing military alliances: the Allies and the Axis. The war involved the mobilization of over 100 million military personnel, making it the most widespread war in history, Texas became increasingly industrialized. Its economy today relies largely on information technology, oil and natural gas, fuel processing, electric power, agriculture Agriculture refers to the production of food and goods through farming and forestry. Agriculture was the key development that led to the rise of civilization, with the husbandry of domesticated animals and plants creating food surpluses that enabled the development of more densely populated and stratified societies. The study of agriculture is, and manufacturing.

Exports

In 2006, for the fifth year in a row, Texas led the nation in export revenues. Texas exports for 2006 totaled $150.8 billion, which is $22.1 billion more than 2005 and represents a 17.2 percent increase. In 2002, the Port of Houston The Port of Houston is the port of Houston, Texas, the fourth-largest city in the United States. The Port is a 125-mile-long complex of diversified public and private facilities located a few hours' sailing time from the Gulf of Mexico. It is the busiest port in the United States in terms of foreign tonnage, second-busiest in the United States in was 6th among the top sea ports in the world in terms of total cargo volume;^[6] Air Cargo World rated Dallas-Fort Worth International Airport Dallas-Fort Worth International Airport is located between the cities of Dallas and Fort Worth, and is the busiest airport in the U.S. state of Texas as "the best air cargo airport in the world".^[7] The ship channel at the Port of Houston The Port of Houston is the port of Houston, Texas, the fourth-largest city in the United States. The Port is a 125-mile-long complex of diversified public and private facilities located a few hours' sailing time from the Gulf of Mexico. It is the busiest port in the United States in terms of foreign tonnage, second-busiest in the United States in—the largest in the U.S. in international commerce and the sixth-largest port in the world.^[8]

Taxes

According to the Tax Foundation The Tax Foundation is a Washington-D.C.-based tax research organization founded in 1937. It is organized as 5013 non-profit educational organization. The group is most famous for its annual calculation of Tax Freedom Day, which it has produced since the early 1970s. The Tax Foundation's stated mission is to "educate taxpayers about sound tax, Texan's state and local tax burdens are among the lowest in the nation, 7th lowest nationally, with state and local taxes costing $3,580 per capita, or 8.7% of resident incomes.^[9] Texas is only one of 7 states to not have a state income tax State income tax is an income tax in the United States that is levied by each individual state. Seven states choose to impose no income tax. These states are Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming. Additionally, New Hampshire and Tennessee limit their state income taxes to dividends and interest income only. One.^[9][10] The state sales tax A sales tax is a consumption tax charged at the point of purchase for certain goods and services. The tax is usually set as a percentage by the government charging the tax. There is usually a list of exemptions. The tax can be included in the price or added at the point of sale (tax-exclusive) rate, 6.25%, is above the national medium, with localities adding more to this percentage.^[9] Texas does have a "back to school" sales tax holiday A tax holiday is a temporary reduction or elimination of a tax. Governments usually create tax holidays as incentives for business investment. The taxes that are most commonly reduced by national and local governments are sales taxes. In developing countries, governments sometimes reduce or eliminate corporate taxes for the purpose of attracting once a year (generally around the first weekend in August) on clothing and footwear under $100.^[11]

As for Texas's business tax climate, the state ranks 8th in the nation.^[9] Property taxes Property tax, or millage tax, is an ad valorem tax that an owner is required to pay on the value of the property being taxed. Property tax can be defined as "generally, tax imposed by municipalities upon owners of property within their jurisdiction based on the value of such property." There are three species or types of property: Land, are exclusively collected at the local level in the state, and are generally at rates above the national average.^[9] As a whole, Texas is a "tax donor state" with Texans receiving back approximately $0.94 per every dollar of federal income taxes The federal government of the United States imposes a progressive tax on the taxable income of individuals, partnerships, companies, corporations, trusts, decedents' estates, and certain bankruptcy estates. Some state and municipal governments also impose income taxes. The first Federal income tax was imposed during the Civil War, then again in collected in 2005.^[9]

Tax burden

Texas is one of the nine states of the United States with no personal state income tax State income tax is an income tax in the United States that is levied by each individual state. Seven states choose to impose no income tax. These states are Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming. Additionally, New Hampshire and Tennessee limit their state income taxes to dividends and interest income only. One. In addition, Texas does not allow any lower level of government (counties, cities, etc.) to impose an income tax. This means that, for the residents of Texas, the maximum rate of income taxation is the top rate set by the US Government. Businesses (except for sole proprietorships and partnerships) are subject to a gross margins tax.

The state sales tax A sales tax is a consumption tax charged at the point of purchase for certain goods and services. The tax is usually set as a percentage by the government charging the tax. There is usually a list of exemptions. The tax can be included in the price or added at the point of sale (tax-exclusive) is set at 6.25 percent.^[12] Cities are allowed to impose an additional 1% tax, and additional taxes not to exceed 1% may be approved by voters for any combination of county sales tax, transportation districts, economic development, and/or crime prevention. The average sales tax in Texas amounts to 8.25 percent. The state determines the items subject to sales tax, which all other entities must follow. Motor vehicle sales are subject only to the 6.25% state sales tax. Food (except for prepared food) and non-prescription medicines are among the major items exempt from sales tax.

Property taxes Property tax, or millage tax, is an ad valorem tax that an owner is required to pay on the value of the property being taxed. Property tax can be defined as "generally, tax imposed by municipalities upon owners of property within their jurisdiction based on the value of such property." There are three species or types of property: Land,, however, are among the highest in the nation, and constitute the bulk of revenue for many local governmental entities (but not the state as the Texas Constitution The Constitution of the State of Texas is the document that describes the structure and function of the government of the U.S. State of Texas. The current constitution took effect on February 15, 1876. Texas has had six other constitutions: Coahuila y Tejas, the 1836 Constitution of the Republic of Texas, and the state constitutions of 1845, 1861, specifically prohibits a state property tax). For real property, counties, cities, and school districts (along with other special districts, such as for a community college or public hospital) will impose taxes. The property is assessed uniformily throughout the county via the county "appraisal district", and taxes are assessed based on 100% of the property's determined value (which can be somewhat tricky, as Texas does not require the sales price to be disclosed at closing). Larger personal property Personal property is a type of property. In the common law systems personal property may also be called chattels or personalty. It is distinguished from real property, or real estate. In the civil law systems personal property is often called movable property or movables - any property that can be moved from one location to another. This term is items (such as cars, boats, and airplanes) can be subject to tax as well depending on whether a local government has chosen to do so, but is far less common.

Industries

Agriculture

Texas is a productive agricultural state with the most farms both in number and acreage in the United States.^[13] Texas leads the nation in number of cattle, which usually exceed 16 million head. The sprawling 320,000 deeded acre The acre is a unit of area in a number of different systems, including the imperial and U.S. customary systems. The most commonly used acres today are the international acre and, in the United States, the survey acre (1,200 km²) La Escalera Ranch, located 20 miles (32 km) south of Fort Stockton Fort Stockton is a city in Pecos County, Texas, United States. The population was 7,846 at the 2000 census. It is the county seat of Pecos County, Texas, is one of the largest cattle ranches A ranch is an area of landscape, including various structures, given primarily to the practice of ranching, the practice of raising grazing livestock such as cattle or sheep for meat or wool. The word most often applies to livestock-raising operations in the western United States and Canada, though there are ranches in other areas. People who own in the Southwestern United States.

The state also leads nationally in production of sheep and goat products. Texas is king of cotton King Cotton was a phrase used in the Southern United States mainly by Southern politicians and authors who wanted to illustrate the importance of the cotton crop to the Confederate economy during the American Civil War. However, the attempt to use this trade as a diplomatic weapon to force Europe's hand in the American Civil War proved a serious leading the nation in cotton production, its leading crop and second-most-valuable farm product.^[13] Texas is a leader in cereal Cereals, grains or cereal grains, are grasses cultivated for the edible components of their fruit seeds (botanically, a type of fruit called a caryopsis) - the endocarp, germ and bran. Cereal grains are grown in greater quantities and provide more food energy worldwide than any other type of crop; they are therefore staple crops. In their natural crop production. The state is a large produce Produce is a generalized term for a group of farm-produced goods, not limited to fruit and vegetables. More specifically, the term "produce" often implies that the products are fresh and generally in the same state as where they were harvested. In supermarkets the term is also used to refer to the section where fruit and vegetables are growing state especially with watermelons, grapefruits and cantaloupes.^[13]

Aeronautics

The crown jewel of Texas's aeronautics industry is the Lyndon B. Johnson Space Center The Lyndon B. Johnson Space Center is the National Aeronautics and Space Administration's center for human spaceflight activities. The center consists of a complex of 100 buildings constructed on 1,620 acres (656 ha) located in southeast Houston, Texas. Johnson Space Center is home to the United States astronaut corps and is responsible for, the center of the National Aeronautics and Space Administration.

The Dallas-Fort Worth International Airport, located nearly equidistant from downtown Dallas and downtown Fort Worth, is the largest airport in the state, the second largest in the United States, and fourth largest in the world.^[14] In terms of traffic, DFW is the busiest in the state, third busiest in the United States, and sixth busiest in the world.^{[citation needed]} The airport serves 135 domestic destinations and 40 international. DFW is the largest and main hub for American Airlines, the world's largest in terms of total passengers-miles transported^[15] and passenger fleet size.^[16]

Texas's second-largest air facility is Houston's George Bush Intercontinental Airport (IAH). Houston is the headquarters of Continental Airlines, and is the airline's largest hub. IAH offers service to the most Mexican destinations of any U.S. airport. IAH currently ranks second among U.S. airports with scheduled non-stop domestic and international service.

American Airlines, headquartered in Fort Worth, is the second largest airline in the United States by number of passengers carried domestically per year; the largest, Southwest Airlines, is based in Dallas.

Defense

Military Facilities

Texas is home to two of the United States Army's largest facilities (in terms of geographic size), Fort Hood in Central Texas near Killeen and Fort Bliss near El Paso. In addition, Fort Sam Houston in San Antonio is home to the Brooke Army Medical Center, one of the Army's major hospitals and its only burn facility.

The United States Air Force operates several bases in the state – Sheppard (Wichita Falls), Dyess (Abilene), Goodfellow (San Angelo), Laughlin (Del Rio), and Lackland and Randolph (San Antonio).

The United States Navy operates Naval Air Station Joint Reserve Base Fort Worth (the former Carswell Air Force Base facility) as well as NAS Corpus Christi and NAS Kingsville.

Defense Contracting

Texas (specifically the Dallas-Fort Worth Metroplex) has a large number of defense contractors with sizable employment in the state.

Two divisions of Lockheed Martin have their divisional headquarters in the DFW area – Lockheed Martin Aeronautics in Fort Worth (where the F-16 Fighting Falcon, the largest Western fighter program ^[17], is manufactured, as well as its successor, the F-35 Lightning II and the F-22 Raptor) and Lockheed Martin Missiles and Fire Control in Grand Prairie.

Fort Worth is also the home of Bell Helicopter Textron, which manufactures several helicopters for the military, including the V-22 and the H-1, on which final assembly is performed in Amarillo. Furthermore, three major defense service contractors (DynCorp, AECOM, and Computer Sciences Corporation) have substantial operations in Fort Worth.

Other major defense contractors with DFW presence include Vought Corporation (headquarters in Irving, facilities in Dallas and Grand Prairie), Raytheon (plants in Garland, Dallas, and McKinney), L-3 Communications (plants in Arlington, Carrollton, and Greenville, as well as in Waco), BAE Systems (facility in Fort Worth), DRS Technologies (Dallas facility), EDS and Perot Systems (Plano), Alliant Techsystems (facility in Fort Worth), and Elbit Systems (facility and US headquarters in Fort Worth). The Defense Contract Audit Agency maintains its Central Region office in Irving.

Outside the DFW area, KBR (the controversial former Halliburton subsidiary), maintains its headquarters in Houston, while the Southwest Research Institute is located in San Antonio.

Computer technology

Texans pride their state's history, but they also seek new social and technological developments. The Austin area is often nicknamed "Silicon Hills". Dell's headquarters is located in the city's suburb, Round Rock. Dallas is the birthplace of the integrated circuit. The North Dallas area is called the "Telecom Corridor"^{[citation needed]} for the area's high concentration of Information Technology companies such as Texas Instruments and EDS. In addition, Houston based Compaq, was once the world's largest computer companies. After Compaq's merger with Hewlett-Packard, the new owner currently employs more employees in Houston, than anywhere else in the world.

Energy

Texans consume the most energy in the nation both in per capita and as a whole.^[18] Since 2002, Texas has operated under a mostly deregulated electricity market (however, areas where electricity is provided by either a municipality or a utility cooperative are not always subject to deregulation).

The known petroleum deposits of Texas are about 8 billion barrels (1.3×10⁹ m³), which makes up approximately one-third of the known U. S. supply. Texas has 4.6 billion barrels (730,000,000 m³) of proven crude oil reserves.^[18] As wells are depleted in the eastern portions of the state, drilling in state has moved westward.^[13]

Several of the major oil companies have headquarters in Texas, including ConocoPhillips and Marathon Oil (Houston), Exxon-Mobil (Irving), and Tesoro and Valero (San Antonio).

Texas is a global leader in the energy industry and Houston is the energy capital of the world. Since 2003, Texas state officials have created various initiatives like the Texas Enterprise Fund and the Texas Emerging Technology Fund to develop the economy of Texas. Texas is a leader in alternative energy sources, producing the most wind power of any state,^[19] as well as small solar powered efforts and the experimental installation of wave-powered generators. Texas also is home to many of the world's largest oilfield services firms including Haliburton, Schlumberger and Dresser. The state has a number of pipeline operators, such as El Paso and Dynegy, along with diversified energy firms such as TXU and Reliant Energy.

Tourism

Texas has a large tourism industry. The state tourism slogan is "Texas: It's like a whole other country", a nod to Texas's diversity and history. Tourists might enjoy San Antonio and El Paso's Hispanic culture, or Fort Worth western attractions. Galveston, Corpus Christi, and Padre Island are some of the popular Texas resort areas located on the Gulf of Mexico. Houston is Texas' leading convention city. Dallas is also one of the nation's leading convention cities. Houston was the first city in Texas awarded with a CityPass. ^[20]

Entertainment

Texas is a top filmmaking state. Austin is now one of the leading filmmaking locations in the country. The exteriors for the popular soap opera Dallas were filmed on Southfork Ranch, a location near Plano, Texas. From 1995 to 2004, more than $2.75 billion was spent in Texas for film and television production.

The Texas Film Commission was founded for free services to filmmakers, from location research to traveling.^[21] Also many Hollywood studios are relocating parts of their production divisions to the Austin and Dallas areas.^[21]

The media conglomerate Clear Channel Communications is based in San Antonio, Texas. Pi Studios and Timegate Studios are based in the Houston area. Blockbuster Video and Cinemark Theatres are also based in the Dallas Fort Worth area.

Healthcare

Healthcare is a growing industry in the state of Texas. The Texas Medical Center, located in southwest Houston, is the largest medical center in the world.^[22][23] It is home to The University of Texas Health Science Center which trains medical students and residents and includes The University of Texas M.D. Anderson Cancer Center, a global leader of cancer research and treatment^[24]. The medical complex also hosts a private medical college, The Baylor College of Medicine, which is rated as one of the top medical schools in the nation^[25].

The University of Texas medical system^[26] has additional branches in Dallas, San Antonio, and Galveston. The South Texas Medical Center in San Antonio with nearly 27,000 employees^[27] has a $14.3 Billion economic impact on the state of Texas.^[28]. In addition to these facilities, the Texas College of Osteopathic Medicine, the Texas A&M Health Science Center,^{[citation needed]}, and Texas Tech University Health Sciences Center in Lubbock and El Paso provide the state with a total of nine centers of medical research.

Legislation and grant initiatives

In June 2003, as an effort to attract new businesses and facilitate growth, the Texas government passed legislation funding the Texas Enterprise Fund and the Texas Emerging Technology Fund. These funds have given more than $316 million to companies through 2006, making Texas one of the fastest growing economies in the nation. Further, initiatives such as Tort Reform (2003) and tax incentives are being utilized in order to help small and big business alike.

Wealthiest places in Texas

See complete list of Texas locations by per capita income

1. Barton Creek CDP, Texas $110,504
2. Piney Point Village city, Texas $97,247
3. Highland Park town, Texas $97,008
4. Hunters Creek Village city, Texas $88,821
5. Bunker Hill Village city, Texas $86,434
6. Hill Country Village city, Texas $77,374
7. Mustang town, Texas $75,692
8. West University Place city, Texas $69,674
9. Hilshire Village city, Texas $66,620
10. Olmos Park city, Texas $65,697
11. University Park city, Texas $63,414
12. The Hills village, Texas $61,363
13. Southside Place city, Texas $57,021
14. West Lake Hills city, Texas $55,651
15. Onion Creek CDP, Texas $54,758
16. Tiki Island village, Texas $54,611
17. Parker city, Texas $54,099
18. Lakeshore Gardens-Hidden Acres CDP, Texas $52,512
19. Rollingwood city, Texas $52,280
20. Hedwig Village city, Texas $52,153
21. Lost Creek CDP, Texas $52,147
22. Heath city, Texas $51,049
23. Colleyville city, Texas $50,418
24. Shavano Park city, Texas $47,705
25. Southlake city, Texas $47,597
26. Bellaire city, Texas $46,674
27. Lakeway city, Texas $45,765
28. Ransom Canyon town, Texas $45,675
29. Alamo Heights city, Texas $45,640
30. Greatwood CDP, Texas $45,609

See also

• Texas locations by per capita income
• Texas wine
• World economy
• Texas Companies
• Category:Economies by country
• Category:Economies by region
• Comparison between U.S. states and countries by GDP (PPP)

References

1. ^ [1]
2. ^ Economic Indicators
3. ^ Gross Domestic Product (GDP) by State
4. ^ California iws first
5. ^ [2]
6. ^ "World Port Rankings 2002, by metric tons and by TEUs". American Association of Port Authorities. http://www.aapa-ports.org/pdf/WORLD_PORT_RANKINGS_2002.xls. Retrieved on 2006-07-26.
7. ^ "Air Cargo World's Air Cargo Excellence Survey". Air Cargo World. http://www.aircargoworld.com/features/0306_2.htm. Retrieved on 2006-04-29.
8. ^ As Enron Trial Begins, Houston Has Moved On. Newhouse News Service
9. ^ ^{a b c d e f} "Texas" (HTML). Research Areas. The Tax Foundation. 2008. http://www.taxfoundation.org/research/topic/60.html. Retrieved on 2008-10-15.
10. ^ "State Individual Income Taxes" (HTML). Federation of Tax Administrators. http://www.taxadmin.org/fta/rate/ind_inc.html. Retrieved on 2008-10-12.
11. ^ "Clothing Sales Tax Holiday" (HTML). Susan Combs, Comptroller of Public Accounts. January 2008. http://www.window.state.tx.us/taxinfo/taxpubs/tx98_490/tx98_490.html. Retrieved on 2008-10-15.
12. ^ http://www.window.state.tx.us/taxinfo/sales/
13. ^ ^{a b c d} "The Texas Economy" (HTML). netstate.com. 2007-06-05. http://www.netstate.com/economy/tx_economy.htm. Retrieved on 2008-04-29.
14. ^ "Facts about DFW". Dallas/Fort Worth International Airport. http://www.dfwairport.com/visitor/facts.htm. Retrieved on 2007-08-04.
15. ^ Aviation Week and Space Technology, January 15, 2007, p. 349,
16. ^ American airlines information pictures and facts
17. ^ Lockheed Martin, Poland Air Force Celebrate Arrival of Most Advanced F-16 Multirole Fighters in Europe
18. ^ ^{a b} "Petroleum Profile: Texas". http://tonto.eia.doe.gov/oog/info/state/tx.html. Retrieved on 2006-11-07.
19. ^ Souder, Elizabeth (01/08), "Texas leads nation in wind power capacity", Dallas Morning News, http://www.dallasnews.com/sharedcontent/dws/dn/latestnews/stories/011808dnbuswindpower.30c78959.html
20. ^ CityPass saves you time and money: Atlanta, Boston, Chicago, Hollywood, Houston, New York, Philadelphia, San Francisco, Seattle, Southern California, Toronto
21. ^ ^{a b} "Texas Film Commission". http://www.governor.state.tx.us/divisions/film/faq/economics.htm. Retrieved on 2006-11-07.
22. ^ http://www.texmedctr.tmc.edu/root/en/GetToKnow/AboutTMC/About+the+TMC.htm
23. ^ http://lybrandcommercial.com/images/Worlds%20Largest.pdf
24. ^ http://www.usnews.com/listings/hospitals/6741945
25. ^ http://grad-schools.usnews.rankingsandreviews.com/grad/med/items/04110
26. ^ http://www.usnews.com/directories/hospitals/index_html/specialty+ihqcanc
27. ^ http://www.southtexasmedicalcenter.com/about_facts.php
28. ^ http://www.southtexasmedicalcenter.com/ppt/stmc_overview.ppt#272,17,Slide 17

External links

• the official State of Texas website
• BEA news release on 2005 gross state product
• State of Texas economic development
• Window on State Government, Susan Combs - Texas Comptroller
• Texas Lyceum Journal: “Harnessing the Lightning: Economic Growth Opportunities for Texas”

Categories: Economy of Texas

See Also:

• Economy of Texas
• Texan
• Texas
• East Texas
• West Texas

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