Texas enters 2021 as world's 9th largest economy by GDP

Texas enters 2021 as the world's ninth largest economy, proof of the success of a long-term strategy to make Texas the best place to start or relocate a business, said Robert Allen, President and CEO of the Texas Economic Development Corporation.

"This is more than just a statistic," Allen said. "The fact that our state, if it were a nation, would be the world's ninth largest economy shows that Texas is well positioned to outperform economically, regardless of the challenges that may lie ahead."

TxEDC is an independently funded non-profit organization in partnership with the Governor's Office of Economic Development and Tourism charged with marketing Texas as a premier business location, the cornerstone of Texas Gov. Greg Abbott's economic development agenda.

"While 2020 brought unique challenges, Texas continued to shine as a beacon of hope and opportunity," Abbott said. "Texas' ranking as the world's ninth largest economy is because of the hardworking men and women of the Lone Star State, our commitment to economic freedom, our state-of-the-art infrastructure and business climate. As we cultivate an environment of growth and opportunity, Texas will continue to build an even brighter future for all Texans."

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