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Tribune News Service
Tribune News Service
Business
Mitchell Schnurman

No signs of a slowdown here: Texas’ GDP growth surges 8.2%, and population spikes

Texas GDP Dallas Fed Oil Pia Orrenius

The latest job estimates show growth has slowed in Texas, but other metrics are still pointing up – way up.

Gross domestic product in Texas grew a whopping 8.2% in the third quarter, up from an annualized rate of 1.8% in the second quarter, according to new data from the U.S. Bureau of Economic Analysis.

The numbers, which are adjusted for inflation, put Texas second among all states in growth rate, behind only Alaska. Texas also was far ahead of the U.S. growth rate of 3.2%.

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