WASHINGTON – Texas' gross domestic product (GDP) grew 4 percent in third quarter 2019, faster than any other state, according to the U.S. Bureau of Economic Analysis.
The United States' GDP grew 2.9 percent over the quarter.
The state's third quarter growth rate was lower than the first and second quarters, which were 5.3 and 4.7 percent, respectively.
"Nondurable goods manufacturing, retail trade, and professional, scientific, and technical services were the leading contributors to the increase in Texas real GDP," said Real Estate Center Research Economist Dr. Luis Torres. "Surprisingly, oil and gas extraction was another top contributor to the growth."
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