#2 Texas
ECONOMIC PROFILE
Governor: Rick Perry (R)
Population: 26,059,203
GDP growth: 4.8 percent
Unemployment rate (May 2013): 6.5 percent
Top corporate rate: None, but has gross receipts tax
Top individual tax rate: None
Gasoline tax: 20 cents/gallon
Bond rating/outlook: Aaa/Stable
Major private employers: Dell Inc., University of Texas-Austin, MD Anderson Cancer Center, ISS Facility Services, Bearing Point Inc., University of Texas Health Sciences-Houston, Lockheed Martin Corp., Hewlett-Packard, HEB Grocery Company, Texas Instruments
Economic profile sources: American Petroleum Institute (April 2013), Bureau of Economic Analysis (2012), Bureau of Labor Statistics (May 2013 release), CareerOneStop, Moody's Investors Service (senior-most tax-backed ratings), National Governors Association, Tax Foundation (2013), U.S. Census Bureau (2012 estimate)
