HOUSTON – Everything is bigger in Texas, including our economy, a recent survey revealed.
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Researchers at WalletHub looked at all 50 states, comparing data ranging from gross domestic product (GDP) change, startup activity, to share of jobs in high-tech industries, all to find which states were among the country’s top economic performers.
Its findings showed Texas had the 8th-best state economy, between Idaho and Maryland.
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The Lone Star State also had the highest number of exports per capita.
“A strong state economy doesn’t guarantee success for the state’s residents, but it certainly makes financial success more attainable,” Chip Lupo, WalletHub Analyst, said in a written statement. “Factors like a low unemployment rate and high average income help residents purchase property, pay down debt, and save for the future. The best state economies also encourage growth by being friendly to new businesses and investing in new technology that will help the state deal with future challenges and become more efficient.”
To check out the full report and how other states compared, click here.