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Texas GDP by year, compared with countries

Texas's GDP reached $2.93 trillion in 2025, above Russia ($2.56T) and Italy ($2.55T) but still $0.44 trillion short of France, in nominal dollars.

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What the data shows

  • Texas: $0.61T in 1997, $2.93T in 2025 (4.8× higher).
  • Russia: $0.40T in 1997, $2.56T in 2025 (6.4× higher). Its low point was $0.20T in 1999.
  • Italy: $1.24T in 1997, $2.55T in 2025 (2.1× higher). Its low point was $1.15T in 2000.
  • France: $1.45T in 1997, $3.37T in 2025 (2.3× higher). Its low point was $1.36T in 2000.

About this chart

Texas has gone from $0.61 trillion in 1997 to $2.93 trillion in 2025, nearly five times larger in current dollars. Along the way it has been ahead of Russia every year since 2015 and passed Italy in 2022. France is still ahead at $3.37 trillion, but the gap has narrowed from more than twice Texas's size in 1997 ($1.45 trillion against $0.61 trillion) to about 15 percent.

The comparison uses BEA state GDP and World Bank country GDP, both in current US dollars, so inflation and exchange rates are not removed. Those swings are large: Russia was ahead of Texas from 2007 through 2014, at $2.29 trillion against $1.53 trillion in 2013, and Italy was at $2.42 trillion in 2008 when Texas was at $1.25 trillion.

The data

Source: U.S. Bureau of Economic Analysis GDP by state (SAGDP2) for the state; World Bank (NY.GDP.MKTP.CD) for countries; current US$. Retrieved November 4, 2026.

Texas's economy vs countries, GDP, current US$ trillions, 1997–2025
DateTexas🇷🇺 Russia🇮🇹 Italy🇫🇷 France
1997$0.61T$0.40T$1.24T$1.45T
1998$0.65T$0.27T$1.27T$1.50T
1999$0.68T$0.20T$1.26T$1.49T
2000$0.74T$0.26T$1.15T$1.36T
2001$0.78T$0.31T$1.17T$1.37T
2002$0.80T$0.35T$1.28T$1.49T
2003$0.84T$0.43T$1.58T$1.84T
2004$0.92T$0.59T$1.81T$2.11T
2005$1.00T$0.76T$1.86T$2.19T
2006$1.11T$0.99T$1.96T$2.32T
2007$1.20T$1.30T$2.22T$2.66T
2008$1.25T$1.66T$2.42T$2.93T
2009$1.18T$1.22T$2.21T$2.70T
2010$1.26T$1.52T$2.14T$2.65T
2011$1.35T$2.05T$2.31T$2.87T
2012$1.43T$2.21T$2.10T$2.68T
2013$1.53T$2.29T$2.15T$2.82T
2014$1.59T$2.06T$2.17T$2.86T
2015$1.59T$1.36T$1.85T$2.44T
2016$1.58T$1.28T$1.89T$2.47T
2017$1.67T$1.57T$1.97T$2.59T
2018$1.81T$1.66T$2.10T$2.78T
2019$1.86T$1.69T$2.02T$2.72T
2020$1.81T$1.49T$1.91T$2.65T
2021$2.13T$1.83T$2.18T$2.97T
2022$2.49T$2.29T$2.10T$2.79T
2023$2.68T$2.05T$2.32T$3.06T
2024$2.81T$2.19T$2.38T$3.16T
2025$2.93T$2.56T$2.55T$3.37T

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Frequently asked questions

How big is the Texas economy?

Texas's GDP was about $2.93 trillion ($2,932 billion) in 2025, according to the Bureau of Economic Analysis. In current dollars that is more than Russia ($2.56 trillion) or Italy ($2.55 trillion) and below France ($3.37 trillion).

When did Texas pass Italy's GDP?

Texas passed Italy in 2022, when it reached $2.49 trillion against Italy's $2.10 trillion. It had trailed Italy in 2021, $2.13 trillion to $2.18 trillion.

Are these GDP figures adjusted for inflation?

No. Both the BEA state data and the World Bank country data are in current US dollars, so they show nominal size, not purchasing power.

Where does this data come from?

U.S. Bureau of Economic Analysis GDP by state (SAGDP2) for the state; World Bank (NY.GDP.MKTP.CD) for countries; current US$. Retrieved November 4, 2026. You can download the full table as a CSV from this page.

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