Economic Strength

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"Looked at every major city both the business and the employee's point of view in terms of quality of life. There is no better place than Texas to start the next chapter of Toyota's history in North America, and we are excited about our future together."
Jim Lentz
CEO, Toyota Motor North America

Texas is a force to be reckoned with as a location for business and skilled talent. And it just keeps getting stronger.

Economic Powerhouse: If Texas were a nation, it would rank as the 10th largest economy in the world based on GDP, ahead of Australia, Mexico, Spain, Russia and many others.

#1 Exporter: Texas maintains its position as the nation’s #1 exporter—a title the state has held for 15 consecutive years. In 2016, Texas exported $232 billion in goods to destinations all over the world with Mexico, Canada, China, Brazil and Korea as its top trading partners.

Home to World-Leading Companies: Behind Texas' strong economy are 50 Fortune 500 companies, including ExxonMobil, AT&T, Sysco and American Airlines, more than 1,400 foreign companies such as Toyota, BAE Systems, Siemens and Shell Oil and 2.4 million small businesses. See which Fortune 500 companies have their headquarters here.

13 Million Productive Workers: Texas has the second largest civilian workforce in America—13 million Texans. Our top-notch schools feed a strong pipeline of talent into the state and out-of-state workers continue to flock to Texas to take advantage of diverse job opportunities and quality of life amenities.

In 2015, Texas led the U.S. in exports for the 14th year in a row with over $251 billion in exports.

Texas is home to 50 Fortune 500 HQ's, including Fortune's #2 company, ExxonMobil.

In 2015, Texas tourism accounted for 653,000 jobs and $69 billion in direct travel spending.

 

Texas has over 13 million people in the civilian labor force, the 2nd highest in the country.

Texas was one the nation's top states for job creation in 2015 with 175,700 new jobs added.