You’ve surely wondered how big a beast Texas would be in the global economy as a stand-alone country. Good news – the Federal Reserve Bank of Dallas recently provided a few answers in its latest Southwest Economy newsletter.
- Texans would control the 18th largest economy in the world, with a gross domestic product of $1.7 trillion, just missing Canada’s $1.8 trillion
- Texas would be the 4th largest oil producer in the world
- The Lone Star Nation would be the 19th largest exporter
- Its population of 28.3 million would handily exceed Australia’s 24.5 million
Now you know.
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This article appears in Oct 3-9, 2018.