In 2020, the mining, quarrying, and oil and gas extraction industry added 233.08 billion chained 2012 U.S. dollars of value to the state GDP. The total value added to the GDP of Texas from all industries came to 1.73 trillion chained 2012 U.S. dollars in the same year.
Real value added to the Gross Domestic Product (GDP) of Texas in 2020, by industry
(in billion chained 2012 U.S. dollars)
Industry
Real value added in billion chained (2012) U.S. dollars
Finance, insurance, real estate, rental, and leasing
274.67
Mining, quarrying, and oil and gas extraction
227.46
Manufacturing
220.55
Professional and business services
206.09
Government and government enterprises
165.37
Wholesale trade
127.41
Educational services, health care, and social assistance
107.16
Retail trade
93.43
Information
79.53
Construction
65.33
Transportation and warehousing
49.26
Utilities
27.58
Agriculture, forestry, fishing, and hunting
11.32
Arts, entertainment, recreation, accommodation, and food services
Chained (2012) dollar series are calculated as the product of the chain-type quantity index and the 2012 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
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BEA. (October 1, 2021). Real value added to the Gross Domestic Product (GDP) of Texas in 2020, by industry (in billion chained 2012 U.S. dollars) [Graph]. In Statista. Retrieved January 18, 2022, from https://www.statista.com/statistics/304890/texas-real-gdp-by-industry/
BEA. "Real value added to the Gross Domestic Product (GDP) of Texas in 2020, by industry (in billion chained 2012 U.S. dollars)." Chart. October 1, 2021. Statista. Accessed January 18, 2022. https://www.statista.com/statistics/304890/texas-real-gdp-by-industry/
BEA. (2021). Real value added to the Gross Domestic Product (GDP) of Texas in 2020, by industry (in billion chained 2012 U.S. dollars). Statista. Statista Inc.. Accessed: January 18, 2022. https://www.statista.com/statistics/304890/texas-real-gdp-by-industry/
BEA. "Real Value Added to The Gross Domestic Product (Gdp) of Texas in 2020, by Industry (in Billion Chained 2012 U.S. Dollars)." Statista, Statista Inc., 1 Oct 2021, https://www.statista.com/statistics/304890/texas-real-gdp-by-industry/
BEA, Real value added to the Gross Domestic Product (GDP) of Texas in 2020, by industry (in billion chained 2012 U.S. dollars) Statista, https://www.statista.com/statistics/304890/texas-real-gdp-by-industry/ (last visited January 18, 2022)
