Texas: Difference between revisions
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==Economy== | ==Economy== | ||
Texas operates under a system of free market capitalism. According to the , the nominal GDP is $4.63 trillion. The private sector is estimated to constitute 98% of the economy, with federal, regional, and local government accounting for 2%. Unemployment is at 2.10%, largely due to the lack of employment regulations throughout the country. | |||
Texas is one of the world's largest exporter of goods, with a trade surplus of $94.5 billion. The United States is its top trading partner, followed by California, Mexico, China, Laurentia and Japan. | |||
===Energy=== | ===Energy=== | ||
Revision as of 12:57, 21 October 2021
Republic of Texas República de Tejas (Spanish) | |
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Coat of arms
| |
Capital | Austin |
Largest city | Houston |
Official languages | English, Spanish |
Recognised regional languages | German, French, Creole, Comache |
Ethnic groups (2019) |
|
Demonym(s) | Texan, Texian, Tejano |
Government | Unitary presidential constitutional republic |
• President | Ted Cruz |
• Vice President | Tony Sanchez |
Legislature | Congress |
Senate | |
National Assembly | |
Texas (Spanish: Tejas), officially the Republic of Texas (Spanish: República de Tejas) is a sovereign state in North America. It is bordered by Deseret and Sonora to the west, the United States to the east, and Mexico to the southwest, the Gulf of Mexico to the southeast and its capital is Austin,
Texas is a developed country, with a high national GDP of $4.63 trillion. The per capita GDP of $43,679 ranks highly in the world, although the country also ranks highly in income inequality. The country has a booming oil industry fueled by an abundance of natural resources and high productivity, as well as a free market economy that allows business to thrive. Texas ranks highly in civil rights, political freedom, and economic freedom. Texas is a member of several international organizations, including the World Assembly, The Organization of American States,
History
Geography
Climate
Environment
Politics and government
Military
Foreign relations
Economy
Texas operates under a system of free market capitalism. According to the , the nominal GDP is $4.63 trillion. The private sector is estimated to constitute 98% of the economy, with federal, regional, and local government accounting for 2%. Unemployment is at 2.10%, largely due to the lack of employment regulations throughout the country.
Texas is one of the world's largest exporter of goods, with a trade surplus of $94.5 billion. The United States is its top trading partner, followed by California, Mexico, China, Laurentia and Japan.
Energy
Industry
Infrastructure
Transport
Demographics
Education
Religion
Culture
Texans have been described as very individualistic, competitive, and hardworking, even more so than their American counterparts. This has resulted in great economic productivity, and a libertarian form of government. This has also made Texas a popular destination for immigrants. Texans are also firm believers in equality, and do not think that one social class should have more rights than others.