The population density in Texas has continued to increase and is greater than the national average, with about 109.9 residents per square mile of land area. This is nearly three times greater than the population density in 1960. When distributed by generation, around 14.4 percent of the resident population were between the ages of 25 and 34 in 2021. That same year, the number of people in Texas of Hispanic or Latino origin surpassed the number of white residents, with 11.86 million and 11.63 million respectively.
EconomyThe Texas economy is highly driven by oil and exports. In 2022, Texas was the leading producer of crude oil nationwide. In total, Texas exported more than 485 billion U.S. dollars’ worth of goods, making it the leading state for exported goods by more than a 300 billion dollar margin. Not only did the lone-star state have the highest number of exported goods, but it was also the leading state for chemical exports.
Behind Texas’s growing economy are 53 Fortune 500 companies that are headquartered there, which include ExxonMobil, AT&T, American Airlines, and Sysco. Thus, it follows that Texas was the state with the highest Gross Domestic Product second only to California. In 2022, the real GDP of Texas stood at 1.88 trillion U.S. dollars, which was an increase from the previous year.