Features of economic development in the state of Texas

In terms of earnings, Texas is in second place after California. The stronghold of democracy earned more than $3 trillion in a year.

Texas is a Republican stronghold and a major center of oil production. Its domestic income for the past year was $1.759 trillion, Russian — $1.473 trillion.

By the way, the state’s economy is well diversified. Main sources of income:

• finance and commercial real estate — $244 billion;
• industrial production — $234 billion;
• mining — $233 billion;
• business and consulting — $203 billion;
• investment profit of municipalities — $164 billion;
• wholesale trade — $118 billion;
• medicine and education — $109 billion;
• retail trade — $91 billion;
• IT sector — $72 billion;
• construction — $69 billion;
• logistics — $49 billion;
• entertainment/catering — $40 billion.

The remaining areas together give about $86 billion more.