WASHINGTON – Texas’ real gross domestic product (GDP) increased 4.3 percent at an annual rate in first quarter 2021, according to the Bureau of Economic Analysis.
Durable goods manufacturing; administrative and support and waste management and remediation services; and professional, scientific, and technical services were the leading contributors to the increase in GDP.
In the first quarter, Texas’ GDP represented 8.5 percent of the nation’s GDP.
Nationally, real GDP increased 6.4 percent at an annual rate. All states and the District of Columbia saw increases in GDP in 1Q2021.
The increases in state GDPs across the country reflected the continued economic recovery, reopening of establishments, and government response related to the COVID-19 pandemic.
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Source: U.S. Bureau of Economic Analysis