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Biennial Revenue Estimate 2010-2011

Figure 2: Texas and U.S. Economic Growth, Fiscal Years 1999-2011

(Percentage Change in Gross Product)

Sources of State Revenue
Year Percent Change in Texas Gross State Product Percent Change in U.S. Gross National Product
1999 5.3% 4.4%
2000 4.5% 4.3%
2001 2.5% 1.3%
2002 2.2% 1.2%
2003 1.3% 2.1%
2004 3.8% 3.8%
2005 3.2% 3.1%
2006 4.1% 2.8%
2007 4.5% 2.1%
2008 4.2% 1.9%
2009 1.8% -0.9%
2010 1.9% 1%
2011 3.8% 2.9%

Notes: Fiscal years 2008 through 2011 are estimated or projected.

Source: Texas Comptroller, Winter 2008-09 Economic Forecast.