In 2012 Texas had a per capita personal income
(PCPI) of
$41,471.
This PCPI was
97 percent of the national average,
$42,693.
The 2012 PCPI
reflected an increase of
3.3 percent
from 2011.
The 2011-2012
national change was
2.7 percent.
In 2002 the PCPI of Texas
was $28,966.
The 2002-2012 compound annual growth rate of PCPI
was 3.7 percent.
The compound annual growth rate
for the nation was 3.1 percent.
Per Capita Personal Income, 2012
Per Capita Income as a Percent of the United States
TOTAL PERSONAL INCOME
CAGR: compound annual growth rate
2011-12 percent change
2002-2012 CAGR
Texas
4.8 %
5.6 %
U.S.
3.5 %
4.0 %
In 2012 Texas had a total personal income
(TPI) of
$1,080,709,649*.
In 2002 the TPI of Texas
was $628,274,412*.
*Note: Total personal income estimates
are in thousands of dollars, not adjusted for inflation.
COMPONENTS OF TOTAL PERSONAL INCOME
Total personal income includes
net earnings by place of residence; dividends, interest, and rent; and personal current transfer receipts received by
the residents of
Texas.
Percent Contribution to Total Personal Income
Texas
United States
2002
2012
Net earnings by place of residence
Dividends, interest, and rent
Personal current transfer receipts
2011-2012 percent change
Texas
U.S.
Net earnings
5.2 %
3.3 %
Dividends, interest, and rent
4.9 %
5.5 %
Personal current transfer receipts
3.1 %
2.4 %
2002-2012 compound annual growth rate
Texas
U.S.
Net earnings
5.1 %
3.5 %
Dividends, interest, and rent
5.9 %
3.8 %
Personal current transfer receipts
7.8 %
6.4 %
GROSS DOMESTIC PRODUCT (GDP) BY STATE
In 2012, Texas
current-dollar GDP was $1,397.4 billion
and ranked 2nd in the United States.
In 2002, Texas
GDP was $782.8 billion
and ranked 3rd in the United States.
In 2012, Texas real GDP
grew 4.8 percent;
the 2011-2012 national change was 2.5 percent.
The 2002-2012 compound annual growth rate for Texas
real GDP was 2.9 percent;
the compound annual growth rate for the nation was
1.5 percent.
GDP BY STATE FOR INDUSTRIES
In 2012, the largest industry in Texas
was government. This industry accounted for
10.6 percent of
Texas
GDP
and
had a 0.6 percent real decline.
The second largest industry was mining, which accounted for
8.8 percent of
Texas
GDP
and
had 10.6 percent real growth.
The largest contributor to real GDP growth in Texas was mining. This industry accounted for
0.92 percentage point
of the total growth in real GDP.
The second largest contributor was durable goods manufacturing. This industry accounted for
0.72 percentage point
of the total growth in real GDP.*
*Note: The industry contributions, or sum thereof, may be larger than 100 percent (and the percentage points larger than the percent change) because growing and declining industries offset one another.
Top Five State Industries as a percent of Total GDP, 2012
