Texas has grown by 3.8 per year for the past 10 years
Texas Insider Report: AUSTIN Texas Texas State Comptroller Glenn Hegar is bullish on Texas. Hegar who served as both a State Representative and State Senator before being elected to the statewide position of Comptroller in 2014 leads an agency of 2900 employees. He runs the finance and treasury parts of state government.
And he says that Texas economy has grown by an annual 3.8 per year average for the past 10 years even as sluggish global economic trends affected Texas.
The state Texas had been the 12th largest economy in the world a few years ago larger than many countries. But even while experiencing job losses in oil and gas mining agriculture manufacturing and more the state recently rose to No. 10 surpassing both Canada and Russia on that list.
Even with 160000 jobs lost I wondered how far down the list we would move" Hegar told the 69th Annual Meeting of the Gillespie County Farm Bureau in mid-October while touting the fact that the Lone 
Star States economy was already larger than those of Australia Spain and Mexico.
But in fact we moved up and became the 10th largest economy" Hegar said.
And Texas is poised to continue to do really well. If you look at Texas and its 12 million person workforce with its 28 million people no matter where you go in this state… agriculture is a strong base to provide food and fiber."
While many Texans had property damaged by Hurricane Harvey Hegar said hes still bullish even in light of the weather disasters and a flat oil market.
When we have natural disasters like hurricanes or fires normally the treasury doesnt get impacted that much. But this time this hurricane because it was so wide and so large the treasury will be impacted 
significantly this year" Hegar said.
This hurricane could cost Texas about $2 billion. A lot of coastal communities were devastated by the hurricane and only about 15 had flood insurance. But a lot of people in those areas were not in the cities. And roughly one in seven jobs in Texas are related to agriculture" said Hegar.
Trends are going higher so state revenues are looking up.
Star States economy was already larger than those of Australia Spain and Mexico.
But in fact we moved up and became the 10th largest economy" Hegar said.
And Texas is poised to continue to do really well. If you look at Texas and its 12 million person workforce with its 28 million people no matter where you go in this state… agriculture is a strong base to provide food and fiber."
While many Texans had property damaged by Hurricane Harvey Hegar said hes still bullish even in light of the weather disasters and a flat oil market.
When we have natural disasters like hurricanes or fires normally the treasury doesnt get impacted that much. But this time this hurricane because it was so wide and so large the treasury will be impacted significantly this year" Hegar said.
This hurricane could cost Texas about $2 billion. A lot of coastal communities were devastated by the hurricane and only about 15 had flood insurance. But a lot of people in those areas were not in the cities. And roughly one in seven jobs in Texas are related to agriculture" said Hegar.
Trends are going higher so state revenues are looking up.
