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The economy of the State of Texas is the second largest by GDP in the United States after that of California. It has a gross state product of $2.636 trillion as of 2023. [ 7] In 2022, Texas led the nation with the most companies in the Fortune 500 with 53 in total. [ 8]
Water trading. Water trading is the process of buying and selling water access entitlements, also often called water rights. The terms of the trade can be either permanent or temporary, depending on the legal status of the water rights. Some of the western states of the United States, Chile, South Africa, Australia, Iran and Spain 's Canary ...
Located in the fourth-largest city in the United States, it is the busiest port in the U.S. in terms of foreign tonnage and the busiest in the U.S. in terms of overall tonnage. [4] Though originally the port's terminals were primarily within the Houston city limits, the port has expanded to such a degree that today it has facilities in multiple ...
Also known as. Gusher age. The Texas oil boom, sometimes called the gusher age, was a period of dramatic change and economic growth in the U.S. state of Texas during the early 20th century that began with the discovery of a large petroleum reserve near Beaumont, Texas. The find was unprecedented in its size (worldwide) and ushered in an age of ...
The inland and intracoastal waterways of the eastern United States. The inland waterways of the United States include more than 25,000 mi (40,000 km) of navigable waters. Much of the commercially important waterways of the United States consist of the Mississippi River System —the Mississippi River and connecting waterways.
August 1, 2022 at 6:48 AM. Water levels in wells across Texas are running low because of the extreme drought, groundwater experts say. Drought conditions in the state are getting worse by the week ...
In April 2020, as the US economy came to a screeching halt due to the pandemic, the nation’s unemployment rate soared to nearly 15%, its highest level since the Bureau of Labor Statistics began ...
The economy of Houston is based primarily on the energy industry, particularly oil.However, health care, biomedical research, and aerospace also constitute large sectors. In 2021, the gross domestic product (GDP) of the Houston–The Woodlands–Sugar Land metropolitan statistical area (MSA) was 537 U.S. dollars billion, the fourth-largest of any metro area in the United States. [1]