Waco, TX – Governor Greg Abbott celebrated the strength of Texas’ economy on Wednesday after new data from the U.S. Bureau of Economic Analysis showed the state’s real gross domestic product (GDP) grew at an annual rate of 6.8% in the second quarter of 2025, well above the national rate of 3.8%.
“Texas is where free enterprise flourishes and families prosper,” Governor Abbott said. “Thanks to the productivity of our skilled and growing workforce and our pro-growth economic policies, Texas is where the American Dream lives.
We will continue to cut red tape, streamline regulations, and invest in career and technical training to build on this momentum for a bigger, better Texas for generations to come.”
The BEA data also showed personal incomes in Texas rose at an annual rate of 6.4% in the second quarter, surpassing the national average of 5.5%.
Governor Abbott highlighted the state’s economic and financial sector success during a fireside chat at the second annual Texas Economic Development Corporation Investor Summit, underscoring Texas’ position as a hub for growth and opportunity.
