The Economix blog in the New York Times carried the news that the Texas economy grew 3.3% last year, trailing only North Dakota and West Virginia, two states that rely heavily on energy fuel, and Oregon, which posted a 4.7% gain in manufacturing.
From the article:
The Texas economy grew 3.3 percent in 2011, and the growth was broad-based. Not just oil, not just manufacturing. Texas now accounts for 8.7 percent of the nation’s economy, up from 7.4 percent a decade ago.
The GDP growth by region of the country:
Mideast (Atlantic) 0.9%
Rocky Mountains 1.4%
Great Lakes 1.4%
New England 1.8%
Far West 2.1%
Southwest 2.7% (Texas balanced struggling economies in NM and OK)