STATE OF THE FUTURE: TEXAS

Texas has long been known for its wide, open spaces, the oil and gas industry, the Houston Space Center, cattle and cowboys. The “Lone Star State” has a dynamic economy. For 2004, its gross state product (GSP) was $847.81bn, according to the Texas Gross State Product Detail, Current Dollars. For 2005, GSP is forecast to be $886.1bn and for 2010, $1146.3bn. These forecasts indicate a 4% GSP increase between 2004-2010, with an average increase of 7% per year between 2004 and 2010.