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.