What would the Texas economy be like on a global level

The state of Texas has recently faced infrastructure problems due to abnormal cold weather, which has not been for more than 100 years.

Especially because of the cold weather, the Texas energy system, which is an important part of the state’s economy, has suffered.

Let’s look at some interesting figures on the state’s economy.

Texas is the second largest state by area after Alaska and the second most populous after California. In total, it is home to about 28.7 million people.

At the end of December 1845, the independent Republic of Texas became part of the United States, but at the end of 2020, talks resumed about holding a referendum on secession from the United States in 2021. This was fueled by the election results, when Texas, along with some other states, filed lawsuits to revise the election results. In addition, Texas has voted only for the Republican candidate for the last 11 elections, and the last Democrat to win the state was Jimmy Carter in 1976.

Despite all the talk about a referendum, the Federal Government is likely to block all these initiatives. But it is still interesting to see what place Texas would occupy in the ranking of countries by economy size if it were an independent country.

In 2019, the state ranked second in terms of GDP, second only to California. At the same time, according to Forbes analysts, the state is in first place in terms of economic growth prospects for the coming years. Despite the 2nd place in terms of economy, the state overtakes California and New York combined in terms of exports ($265 billion in 2017). Agriculture, mining and manufacturing industries are well developed in the state, and most of the products of these industries are exported.

If Texas were a separate country, it would take 17th place in the ranking of countries in terms of GDP by PPP, overtaking Saudi Arabia and Australia, but slightly behind Canada and 9th in par.