Texas

 

The population of Texas in 2011 was 25,674,681.

PER CAPITA PERSONAL INCOME

In 2011 Texas had a per capita personal income (PCPI) of $40,147. This PCPI was 97 percent of the national average, $41,560. The 2011 PCPI reflected an increase of 5.0 percent from 2010. The 2010-2011 national change was 4.4 percent. In 2001 the PCPI of Texas was $29,185. The 2001-2011 compound annual growth rate of PCPI was 3.2 percent. The compound annual growth rate for the nation was 2.9 percent.
 
Per Capita Personal Income, 2011
Per Capita Income as a Percent of the United States

TOTAL PERSONAL INCOME

CAGR: compound annual growth rate
 2010-11 percent change2001-2011 CAGR
Texas 6.8 % 5.2 %
U.S. 5.2 % 3.8 %

In 2011 Texas had a total personal income (TPI) of $1,030,749,973*. In 2001 the TPI of Texas was $622,217,081*.

*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

 

 

2001

 

 

2011
  Net earnings by place of residence
  Dividends, interest, and rent
  Personal current transfer receipts
 
2010-2011 percent change
  Texas U.S.
Net earnings 7.4 % 5.7 %
Dividends, interest, and rent 7.6 % 7.5 %
Personal current transfer receipts 3.3 % 1.5 %
 
2001-2011 compound annual growth rate
  Texas U.S.
Net earnings 4.6 % 3.4 %
Dividends, interest, and rent 4.9 % 2.9 %
Personal current transfer receipts 8.6 % 6.9 %

GROSS DOMESTIC PRODUCT (GDP) BY STATE

In 2011, Texas current-dollar GDP was $1,308.1 billion and ranked 2nd in the United States. In 2001, Texas GDP was $762.9 billion and ranked 3rd in the United States.

In 2011, Texas real GDP grew 3.3 percent; the 2010-2011 national change was 1.5 percent. The 2001-2011 compound annual growth rate for Texas real GDP was 2.6 percent; the compound annual growth rate for the nation was 1.4 percent.

GDP BY STATE FOR INDUSTRIES

In 2011, the largest industry in Texas was government. This industry accounted for 11.2 percent of Texas GDP and had a 0.4 percent real decline. The second largest industry was mining, which accounted for 9.1 percent of Texas GDP and had 7.7 percent real growth.

The largest contributor to real GDP growth in Texas was durable goods manufacturing. This industry accounted for 0.72 percentage point of the total growth in real GDP. The second largest contributor was mining. This industry accounted for 0.64 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, 2011
    Mining     Nondurable goods manufacturing     Real estate and rental and leasing
    Professional, scientific, and technical services     Government     All others
Texas
United States