Economic Profile
Governor: Greg Abbott, Republican
Population: 27,862,596
GDP growth (Q4 2016): 3.4 percent
Unemployment rate (May 2017): 4.8 percent
Top corporate tax rate: None (levies a gross receipts tax)
Top individual income tax rate: None
Gasoline tax: 20 cents/gallon
Bond rating/outlook (Moody's, S&P): Aaa, AAA stable
Major private employers: H-E-B Super Market Chain, Exxon Mobil
Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence