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Gross State Product
The Texas gross state product (GSP) for fiscal year 2007 was $1,116.81 billion in current dollars, according to the Texas Comptroller of Public Accounts. If Texas were a nation, its economy would rank as the tenth largest in the world by Gross Domestic Product, according to the latest 2007 Comptroller's estimates. Since the 1986 recession, the Texas economy has been steadily diversifying.
International Trade
In 2007, for the sixth year in a row, Texas was ranked as the number one state by export revenues. Texas exports for 2007 totaled $168.16 billion, which is approximately $17.3 billion more than 2006 and represents an 11.45 percent increase
Texas has the Country's second largest economy, after California.
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