The
economy of the state remains in a broad-based expansion as the energy sector of
the state continues to grow, the areas of the state tied to oil and gas have
brighten impressively since 2014.Texas
has added about 350,000 jobs lately, enhancing the U.S economy and recording the largest increase in
the energy sector
With a torrid 5.2 percent state GDP
increase in the fourth quarter Texas finishes first in us states economy
ranking this year. The state has also seen an impressive increase through the Port of Houston, it’s up
from 3 million tons a couple of years ago, over six million tons of steel is
expected by the end of 2018, with high traffic in imported steel pipe
goods.
As the price of oil goes up and more drilling
occurs, the state’s most important export The Crude Oil of West Texas —— peaks
too in sales.. The state has added more than 350,000 jobs in the past year,
and since ranking was introduced, Texas has never finished outside the top five
overall.
second
largest in U.S Economy . the second largest in the U.S.
As of 2015,
To envision Texas as a country the states would be one of the largest
economy in the world.
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