User:Mcnabber091/sandbox/Economic summary of Texas
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Economic Summary of Texas[edit]
The GDP for Texas was $1,397 billion in 2012. The real GDP growth rate was 4.8% in 2012[1]. Texas had an estimated population of 26.059 million as of 2012[2]. The GDP per capita was $46,498 in 2012[3].
Counties[edit]
There are 254 counties in Texas[4]. Below are the top ten localities ranked by population 2010.
| Rank | Locality | Population 2010 |
|---|---|---|
| 1 | Harris | 4,092,459 |
| 2 | Dallas | 2,368,139 |
| 3 | Tarrant | 1,809,034 |
| 4 | Bexar | 1,714,773 |
| 5 | Travis | 1,024,266 |
| 6 | El Paso | 800,647 |
| 7 | Collin | 782,341 |
| 8 | Hidalgo | 774,769 |
| 9 | Denton | 662,614 |
| 10 | Fort Bend | 585,375 |
Cities[edit]
Top 10 cities in Texas by estimated city proper population in 2010[5]
| Rank | City | Locality | Population 2010 |
|---|---|---|---|
| 1 | Houston | 2,099,451 | |
| 2 | San Antonio | 1,327,407 | |
| 3 | Dallas | 1,197,816 | |
| 4 | Austin | 790,390 | |
| 5 | Fort Worth | 741,206 | |
| 6 | El Paso | 649.121 | |
| 7 | Arlington | 365,438 | |
| 8 | Corpus Christi | 305,215 | |
| 9 | Plano | 259,841 | |
| 10 | Laredo | 236,091 |
Industries[edit]
Texas industries by GDP 2012[6]
| Industry | GDP value added $ billions 2012 | % of total GDP |
|---|---|---|
| Government | 148,475 | 10.63% |
| Real estate, renting and leasing | 121,896 | 8.73% |
| Manufacturing non-durable goods | 118,376 | 8.47% |
| Mining | 123,331 | 8.82% |
| Professional, scientific and technical services | 95,595 | 6.84% |
| Wholesale trade | 93,921 | 6.72% |
| Manufacturing durable goods | 92,592 | 6.63% |
| Finance and insurance | 91,758 | 6.57% |
| Healthcare and social assistance | 83,000 | 5.94% |
| Retail trade | 81,611 | 5.84% |
| Transportation and warehousing | 50,951 | 3.65% |
| Information | 48,048 | 3.44% |
| Administrative and waste management services | 43,387 | 3.10% |
| Accommodation and food services | 35,752 | 2.56% |
| Utilities | 30,310 | 2.17% |
| Management of companies and enterprises | 13,360 | 0.96% |
| Agriculture, forestry, fishing and hunting | 9,022 | 0.64% |
| Arts, entertainment and recreation | 8,438 | 0.60% |
| Educational services | 8,587 | 0.61% |
| Total | 1,397,369 | 100% |
Employment[edit]
Texas employment by industry in June 2013[7]
| Industry | Employment thousands June 2013 | Percent of total employment |
|---|---|---|
| Trade, transportation and utilities | 2,228 | 19.95% |
| Government | 1,807 | 16.18% |
| Education & health services | 1,499 | 13.42% |
| Professional & business services | 1,466 | 13.42% |
| Leisure & hospitality | 1,138 | 10.19% |
| Manufacturing | 866 | 7.75% |
| Financial activities | 671 | 6.01% |
| Construction | 615 | 5.51% |
| Other services | 390 | 3.49% |
| Mining and logging | 281 | 2.51% |
| Information | 199 | 1.78% |
| Total | 11,167 | 100% |
Corporations[edit]
Top 10 Texas based corporations by revenue in 2012[8].
| Rank | Corporation | Revenue $ millions 2012 | Net income $ millions 2012 | Assets $ billions 2012 | Debt Ratio 2012 | Headquarters | Employees 2012[9] | Market cap 3/29/12 $ billions | Industry |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Exxon Mobile | 452,926 | 41,060 | 331 | 53% | Irving | 99,100 | 405 | Energy |
| 2 | ConocoPhillips | 237,272 | 12,436 | 153 | 57% | Houston | 29,800 | 97 | Energy |
| 3 | AT&T | 126,723 | 3,944 | 106 | 61% | Dallas | 256,420 | 185 | Telecom |
| 4 | Valero Energy | 125,095 | 2,090 | 43 | 62% | San Antonio | 21,942 | 15 | Energy |
| 5 | Dell | 62,071 | 3,492 | 44 | 80% | Round Rock | 108,500 | 29 | Tech |
| 6 | Enterprise Product Partners | 44,313 | 2,047 | 44 | 65% | Houston | 6,900 | 44 | Energy |
| 7 | Sysco | 39,323 | 1,152 | 11 | 59% | Houston | 46,000 | 17 | Retail |
| 8 | Plains All American Pipeline | 34,275 | 966 | 15 | 65% | Houston | 3,800 | 12 | Energy |
| 9 | Tesoro | 29,927 | 546 | 10 | 62% | San Antonio | 5,374 | 4 | Energy |
| 10 | Halliburton | 24,829 | 2,839 | 23 | 44% | Houston | 68,000 | 30 | Energy |
Government Finances[edit]
In 2011, the state government of Texas had total revenue of $134.30 billion. Total expenditures were $125.94 billion.[10]
The total debt outstanding in 2011 was $38,530 billion[11] (2.76% of GDP[12]).
The total cash and security holdings in 2011 was $268.47 billion[13].
| Revenue by Source | $ millions | Percent of revenue |
|---|---|---|
| Intergovernmental revenue from Federal Government | 42,218 | 31.44% |
| Sales and gross receipts | 33,798 | 25.17% |
| Insurance trust revenue | 27,155 | 20.22% |
| Charges and miscellaneous general revenue | 21,143 | 15.74% |
| Other taxes | 7,729 | 5.75% |
| Motor vehicle license | 1,619 | 1.21% |
| Intergovernmental revenue from local governments | 640 | 0.48% |
| Utility revenue | 0 | 0% |
| Liquor store revenue | 0 | 0% |
| Property taxes | 0 | 0% |
| Individual income tax | 0 | 0% |
| Corporate income tax | 0 | 0% |
| Total | 134,302 | 100% |
| Expenditure | $ millions | Percent of expenditure |
|---|---|---|
| Public welfare | 30,355 | 24.10% |
| Intergovernmental expenditure | 26,665 | 21.17% |
| Education | 22,264 | 17.7% |
| Insurance trust expenditure | 17,340 | 13.77% |
| Air transport | 9,343 | 7.42% |
| Highways | 6,317 | 5.02% |
| Hospitals | 4,186 | 3.32% |
| Correction | 3,624 | 2.88% |
| Other and unallocable | 2,829 | 2.25% |
| Health | 2,436 | 1.93% |
| Interest on general debt | 1,424 | 1.13% |
| Financial administration | 979 | 0.78% |
| Police protection | 877 | 0.70% |
| Natural resources | 867 | 0.69% |
| Judicial and legal | 720 | 0.57% |
| Housing and community development | 473 | 0.38% |
| Veterans' services | 462 | 0.37% |
| Employment security administration | 226 | 0.18% |
| Other governmental administration | 168 | 0.13% |
| Parks and recreation | 140 | 0.11% |
| General public buildings | 69 | 0.05% |
| Protective inspection and regulation | 61 | 0.05% |
| Solid waste management | 55 | 0.04% |
| Libraries | 21 | 0.02% |
| Sewerage | 7 | 0.01% |
| Miscellaneous commercial activities | 0 | 0% |
| Utility expenditure | 0 | 0% |
| Parking facilities | 0 | 0% |
| Liquor store expenditure | 0 | 0% |
| Sea and inland port facilities | 0 | 0% |
| Fire protection | 0 | 0% |
| Total | 125,940 | 100% |
Financial Institutions[edit]
Top ten banks by assets in Texas[14]
| Rank | Bank | Assets 3/31/13 $ millions | Net income $ millions 2012 | Headquarters | Employees |
|---|---|---|---|---|---|
| 1 | United Servies Automobile Association | 119,886 | San Antonio | ||
| 2 | BBVA Compass | 69,639 | Houston | ||
| 3 | Comerica Incorporated | 64,975 | Dallas | ||
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References[edit]
- ^ http://www.bea.gov/newsreleases/regional/gdp_state/gsp_newsrelease.htm
- ^ http://bber.unm.edu/econ/st-gdp5.htm
- ^ http://bber.unm.edu/econ/st-gdp5.htm
- ^ http://www.texas-demographics.com/counties_by_population
- ^ http://www.texas-demographics.com/cities_by_population
- ^ http://www.bea.gov/iTable/iTable.cfm?ReqID=70&step=1#reqid=70&step=10&isuri=1&7093=Levels&7003=200&70
- ^ http://www.bls.gov/eag/home.htm
- ^ http://money.cnn.com/magazines/fortune/fortune500/2012/states/TX.html
- ^ http://money.cnn.com/magazines/fortune/global500/2012/full_list/index.html
- ^ http://www.census.gov/govs/local/
- ^ http://www.census.gov/govs/local/
- ^ http://www.bea.gov/newsreleases/regional/gdp_state/gsp_newsrelease.htm
- ^ http://www.census.gov/govs/local/
- ^ http://www.ffiec.gov/nicpubweb/nicweb/Top50Form.aspx