In 2023, the mining, quarrying, and oil and gas extraction industry added 170.97 billion chained 2017 U.S. dollars of value to the Texas GDP. The total value added to the GDP of Texas from all industries came to around 2.1 trillion chained 2017 U.S. dollars in the same year.
Real value added to the gross domestic product of Texas in the United States in 2023, by industry
(in billion chained 2017 U.S. dollars)
Industry
Real value added in billion chained (2017) U.S. dollars
Finance, insurance, real estate, rental, and leasing
382.03
Professional and business services
300.89
Manufacturing
228.18
Government and government enterprises
197
Mining, quarrying, and oil and gas extraction
170.97
Wholesale trade
143.33
Educational services, health care, and social assistance
143.03
Retail trade
118.77
Information
102.4
Construction
85.12
Transportation and warehousing
71.17
Arts, entertainment, recreation, accommodation, and food services
Chained (2017) dollar series are calculated as the product of the chain-type quantity index and the 2017 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
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BEA. (September 27, 2024). Real value added to the gross domestic product of Texas in the United States in 2023, by industry (in billion chained 2017 U.S. dollars) [Graph]. In Statista. Retrieved December 20, 2024, from https://www.statista.com/statistics/304890/texas-real-gdp-by-industry/
BEA. "Real value added to the gross domestic product of Texas in the United States in 2023, by industry (in billion chained 2017 U.S. dollars)." Chart. September 27, 2024. Statista. Accessed December 20, 2024. https://www.statista.com/statistics/304890/texas-real-gdp-by-industry/
BEA. (2024). Real value added to the gross domestic product of Texas in the United States in 2023, by industry (in billion chained 2017 U.S. dollars). Statista. Statista Inc.. Accessed: December 20, 2024. https://www.statista.com/statistics/304890/texas-real-gdp-by-industry/
BEA. "Real Value Added to The Gross Domestic Product of Texas in The United States in 2023, by Industry (in Billion Chained 2017 U.S. Dollars)." Statista, Statista Inc., 27 Sep 2024, https://www.statista.com/statistics/304890/texas-real-gdp-by-industry/
BEA, Real value added to the gross domestic product of Texas in the United States in 2023, by industry (in billion chained 2017 U.S. dollars) Statista, https://www.statista.com/statistics/304890/texas-real-gdp-by-industry/ (last visited December 20, 2024)
Real value added to the gross domestic product of Texas in the United States in 2023, by industry (in billion chained 2017 U.S. dollars) [Graph], BEA, September 27, 2024. [Online]. Available: https://www.statista.com/statistics/304890/texas-real-gdp-by-industry/
